NRB Industrial Bearings Q3FY22 loss at Rs. 3.02 crore

NRB Industrial Bearings Limited has reported Consolidated financial results for the period ended December 31, 2021.

Financial Results (Q3 FY2022) - QoQ Comparison

The company has reported total income of Rs. 18.3398 crores during the period ended December 31, 2021 as compared to Rs. 16.9895 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs. -3.0239 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs. -3.3556 crores for the period ended September 30, 2021.

The company has reported EPS of Rs. -1.24 for the period ended December 31, 2021 as compared to Rs. -1.40 for the period ended September 30, 2021.

Financials	Q3 FY2022	Q2 FY2022	% Change
Total Income	₹ 18.3398 crs	₹16.9895 crs	7.95%
Net Profit	₹-3.0239 crs	₹-3.3556 crs	9.88%
EPS	₹-1.24	₹-1.40	11.43%

Financial Results (Q3 FY2022) - YoY Comparison

The company has reported total income of Rs. 18.3398 crores during the period ended December 31, 2021 as compared to Rs.17.2237 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.-3.0239 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs.11.5421 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.-1.24 for the period ended December 31, 2021 as compared to Rs.4.73 for the period ended December 31, 2020.

Financials	Q3 FY2022	Q3 FY2021	% Change
Total Income	₹ 18.3398 crs	₹17.2237 crs	6.48%
Net Profit	₹-3.0239 crs	₹11.5421 crs	-126.20%
EPS	₹-1.24	₹4.73	-126.22%

Financial Results (9 Months Ended FY2022) - YoY Comparison

The company has reported total income of Rs.50.2014 crores during the 9 Months period ended December 31, 2021 as compared to Rs.38.1239 crores during the 9 Months period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.-8.5049 crores for the 9 Months period ended December 31, 2021 as against net profit / (loss) of Rs.5.9444 crores for the 9 Months period ended December 31, 2020.

The company has reported EPS of Rs.-3.57 for the 9 Months period ended December 31, 2021 as compared to Rs.2.38 for the 9 Months period ended December 31, 2020.

Financials	9 Months Ended FY2022	9 Months Ended FY2021	% Change
Total Income	₹50.2014 crs	₹38.1239 crs	31.68%
Net Profit	₹-8.5049 crs	₹5.9444 crs	-243.07%
EPS	₹-3.57	₹2.38	-250.00%

Shares of NRB Industrial Bearings Limited was last trading in BSE at Rs. 24.60 as compared to the previous close of Rs. 25.00. The total number of shares traded during the day was 6692 in over 58 trades.

The stock hit an intraday high of Rs. 25.40 and intraday low of 24.50. The net turnover during the day was Rs. 167115.00.

Source : Equity Bulls

Keywords

NRBIndustrialBearings Q3FY22 9MFY22 ResultUpdate