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Dolat Capital Report
NRB Bearings Ltd. printed a robust performance in Q2 FY22 led by recovery in commercial vehicle and export revenue.
Export revenue supported by strong demand in class 8 trucks and better realizations.
Revenue Jumped 30% year-on-year to Rs 2.56 billion with expanded Ebitda margin at 18.4% on the back of operating leverage and better mix (high export and CV revenue).
Export revenue jumped 88% year-on-year to Rs 1.33 billion in H1 FY22.
NRB has started to supply components in hybrid vehicles across segments for Marquee customers in Europe and U.S. and in applications for E-Mobility vehicles across segments.
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