NRB Bearings Limited is having a jolly ride on the bourses extending the gains of the past few trading sessions.
NRB Bearings Limited is having a jolly ride on the bourses extending the gains of the past few trading sessions. The stock is hovering around Rs 139 per share, higher by 3.77%.
The stock has started its upward rally after reporting healthy Q4 results. The company's standalone revenue for the quarter stood at Rs 189 crore , registering a 10% Y-o-Y increase.
EBITDA for the quarter fell by 11.6% Y-o-Y to Rs 27 crore, with a corresponding margin contraction of 315 bps. EBITDA margin for the quarter stood at 14.3%. The PAT for the quarter stood at Rs 13 crore, an Y-o-Y increase of 8%.
The company holds nearly 70% market share in the bearings industry. It caters to all segments of the automobile industry and draws around 65% of its revenue from the domestic original equipment manufacturers. The company’s exports are exported to gain on the back of revival in US and European economies. After the rollout of the unified tax regime, Goods and Services Tax (GST) in the country, the company is likely to tap additional market share.
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