NRB Industrial Bearings Ltd consolidated Q2FY22 loss at Rs. 3.35 crore

The Board of Directors of NRB Industrial Bearings Limited, at its meeting held today have approved the unaudited Consolidated financial results of the company for the period ended September 30, 2021.

For the quarter ended September 30, 2021(Q2 FY2022), the company's total income was ₹ 16.9895 crore, against ₹15.03 crore in the corresponding quarter of the previous year (YoY) and ₹14.8721 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹-3.3556 crore, against ₹-1.8356 crore in the corresponding quarter of the previous year (YoY) and ₹-2.1254 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹-1.40, against ₹-0.79 in the corresponding quarter of the previous year (YoY) and ₹-0.92 in previous quarter (QoQ).

Financials	Q2 FY2022	Q1 FY2022	QoQ % Change	Q2 FY2021	YoY % Change
Total Income	₹ 16.9895 crs	₹14.8721 crs	14.24%	₹15.03 crs	13.04%
Net Profit	₹-3.3556 crs	₹-2.1254 crs	57.88%	₹-1.8356 crs	82.81 %
EPS	₹-1.40	₹-0.92	52.17%	₹-0.79	77.22%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹31.8616 crore, against ₹20.9002 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹-5.4810 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹-5.5977 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹-2.32 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹-2.35 in the previous year (YoY) (Half Year Ended FY 2021).

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹31.8616 crs	₹20.9002 crs	52.45%
Net Profit	₹-5.4810 crs	₹-5.5977 crs	2.08%
EPS	₹-2.32	₹-2.35	1.28%

Shares of NRB Industrial Bearings Limited was last trading in BSE at Rs. 21.40 as compared to the previous close of Rs. 21.55. The total number of shares traded during the day was 1761 in over 121 trades.

The stock hit an intraday high of Rs. 22.45 and intraday low of 21.15. The net turnover during the day was Rs. 38650.00.

Source : Equity Bulls

Keywords

NRBIndustrialBearings Q2FY22 H1FY22 ResultUpdate