NRB Bearings’ Sustenance In Auto Demand Key Monitorable, Says ICICI Direct
A ball bearing component for a automotive gear box moves along the quality control line (Photographer Krisztian Bocsi/Bloomberg)

NRB Bearings’ Sustenance In Auto Demand Key Monitorable, Says ICICI Direct

Bookmark

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

NRB Bearings Ltd. registered a rebound in its Q2 performance led by improved production levels at domestic original equipment manufacturers on account of the festive stocking.

The performance was further aided by higher exports and strong traction in tractors.

Revenue for Q2 came in at Rs 197.7 crore, down 4.6% YoY (versus our estimate of Rs 195.8 crore).

Gross margins expanded sharply by approximately 610 basis points. Consequently, Ebitda margins improved ~530 basis points to 15.4%.

Click on the attachment to read the full report:

ICICI Direct NRB Bearings Company Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.