NRB Industrial Bearings Ltd Q1FY23 consolidated loss of Rs. 5.37 crores

NRB Industrial Bearings Limited has reported Consolidated financial results for the period ended June 30, 2022.

Financial Results (Q1 FY2023) - QoQ Comparison

The company has reported total income of Rs. 16.0288 crores during the period ended June 30, 2022 as compared to Rs. 20.5252 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. -5.3748 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. -1.4574 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. -2.21 for the period ended June 30, 2022 as compared to Rs. -0.60 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 16.0288 crs	₹20.5252 crs	-21.91%
Net Profit	₹-5.3748 crs	₹-1.4574 crs	268.79%
EPS	₹-2.21	₹-0.60	268.33%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 16.0288 crores during the period ended June 30, 2022 as compared to Rs.14.8721 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.-5.3748 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.-2.2245 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.-2.21 for the period ended June 30, 2022 as compared to Rs.-0.92 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 16.0288 crs	₹14.8721 crs	7.78%
Net Profit	₹-5.3748 crs	₹-2.2245 crs	141.62%
EPS	₹-2.21	₹-0.92	140.22%

Shares of NRB Industrial Bearings Limited was last trading in BSE at Rs. 22.90 as compared to the previous close of Rs. 21.90. The total number of shares traded during the day was 8726 in over 205 trades.

The stock hit an intraday high of Rs. 22.95 and intraday low of 21.50. The net turnover during the day was Rs. 196719.00.

Source : Equity Bulls

Keywords

NRBIndustrialBearings Q1FY23 ResultUpdate