Stock Report

NRB Industrial Bearings Ltd Q3 FY2022-23 consolidated loss reduces to Rs. 1.85 crore

Posted On : 2023-02-10 18:37:08( TIMEZONE : IST )

NRB Industrial Bearings Limited has reported Consolidated financial results for the period ended December 31, 2022.

Financial Results (Q3 FY2023) - QoQ Comparison

The company has reported total income of Rs. 23.0434 crores during the period ended December 31, 2022 as compared to Rs. 21.1232 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. -1.8598 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. -2.0842 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. -0.77 for the period ended December 31, 2022 as compared to Rs. -0.86 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹23.0434 crs	₹21.1232 crs	9.09%
Net Profit	₹-1.8598 crs	₹-2.0842 crs	10.77%
EPS	₹-0.77	₹-0.86	10.47%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.23.0434 crores during the period ended December 31, 2022 as compared to Rs.18.3398 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-1.8598 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.-3.0110 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.-0.77 for the period ended December 31, 2022 as compared to Rs.-1.24 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹23.0434 crs	₹18.3398 crs	25.65%
Net Profit	₹-1.8598 crs	₹-3.0110 crs	38.23%
EPS	₹-0.77	₹-1.24	37.90%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.60.1954 crores during the 9 Months period ended December 31, 2022 as compared to Rs.50.2014 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-9.3188 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.-8.6382 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.-3.85 for the 9 Months period ended December 31, 2022 as compared to Rs.-3.57 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹60.1954 crs	₹50.2014 crs	19.91%
Net Profit	₹-9.3188 crs	₹-8.6382 crs	7.88%
EPS	₹-3.85	₹-3.57	7.84%

Shares of NRB Industrial Bearings Limited was last trading in BSE at Rs. 18.85 as compared to the previous close of Rs. 18.60. The total number of shares traded during the day was 203 in over 5 trades.

The stock hit an intraday high of Rs. 19.10 and intraday low of 18.80. The net turnover during the day was Rs. 3876.00.