NRB Industrial Bearings Ltd Q1 FY24 consolidated loss at Rs. 6.45 crore

NRB Industrial Bearings Limited has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 17.8973 crores during the period ended June 30, 2023 as compared to Rs. 22.3560 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. -6.4514 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. -3.7322 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. -2.63 for the period ended June 30, 2023 as compared to Rs. -1.47 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 17.8973 crs	₹22.3560 crs	-19.94%
Net Profit	₹-6.4514 crs	₹-3.7322 crs	72.86%
EPS	₹-2.63	₹-1.47	78.91%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 17.8973 crores during the period ended June 30, 2023 as compared to Rs.16.0288 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.-6.4514 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.-5.3319 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.-2.63 for the period ended June 30, 2023 as compared to Rs.-2.21 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 17.8973 crs	₹16.0288 crs	11.66%
Net Profit	₹-6.4514 crs	₹-5.3319 crs	21.00%
EPS	₹-2.63	₹-2.21	19.00%

Shares of NRB Industrial Bearings Limited was last trading in BSE at Rs. 23.79 as compared to the previous close of Rs. 23.94. The total number of shares traded during the day was 1864 in over 28 trades.

The stock hit an intraday high of Rs. 23.79 and intraday low of 22.75. The net turnover during the day was Rs. 42925.00.

Source : Equity Bulls

Keywords

NRBIndustrialBearings Q1FY24 ResultUpdate