NRB Bearings Ltd's Q3FY25 Quarter Results
- 08 Feb 2025
Result Summary
- NRB Bearings Ltd reported a 8.7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 6.4%.
- Its expenses for the quarter were down by 5.9% QoQ and up 3.9% YoY.
- The net profit decreased 38.5% QoQ and decreased 86.7% YoY.
- The earnings per share (EPS) of NRB Bearings Ltd stood at 2.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 284.78 | 311.89 | 267.70 | -8.7% | 6.4% |
Total Expenses | 248.63 | 264.26 | 239.38 | -5.9% | 3.9% |
Profit Before Tax | 31.88 | 47.63 | 210.60 | -33.1% | -84.9% |
Tax | 9.78 | 11.69 | 44.48 | -16.3% | -78.0% |
Profit After Tax | 22.10 | 35.94 | 166.12 | -38.5% | -86.7% |
Earnings Per Share | 2.20 | 3.60 | 17.10 | -38.9% | -87.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
NRB Bearings Ltd is a prominent player in the bearings industry, focusing primarily on manufacturing and supplying a diverse range of bearings and automotive components. The company services various sectors including automotive, engineering, and industrial applications. Known for its innovative solutions and high-quality products, NRB Bearings Ltd has established a significant presence in both domestic and international markets. Recent developments in the company have not been specified in the provided data. However, the company's track record suggests ongoing efforts to enhance operational efficiencies and expand its market reach.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), NRB Bearings Ltd reported a total income of ₹284.78 crores. This figure represents an 8.7% decrease compared to the previous quarter (Q2FY25), where the total income was ₹311.89 crores. On a year-over-year basis, there was a 6.4% increase in total income from ₹267.70 crores in Q3FY24. This indicates a modest improvement in revenue generation over the past year, despite a recent quarterly decline. The fluctuations in total income reflect both market dynamics and possible variations in demand for the company's products.
Profitability
The profitability metrics for NRB Bearings Ltd in Q3FY25 show a notable decline compared to both the previous quarter and the same quarter last year. Profit Before Tax (PBT) for Q3FY25 was ₹31.88 crores, down 33.1% from Q2FY25's ₹47.63 crores and a significant 84.9% decrease from ₹210.60 crores in Q3FY24. The Profit After Tax (PAT) also decreased to ₹22.10 crores in Q3FY25, representing a 38.5% drop from the previous quarter's ₹35.94 crores and an 86.7% decline from ₹166.12 crores in Q3FY24. These declines are mirrored in the Earnings Per Share (EPS), which fell to ₹2.20 in Q3FY25 from ₹3.60 in Q2FY25 and ₹17.10 in Q3FY24. This performance reflects substantial challenges in maintaining profitability amidst changing market conditions.
Operating Metrics
The total expenses for NRB Bearings Ltd in Q3FY25 amounted to ₹248.63 crores, a 5.9% decrease from ₹264.26 crores in Q2FY25. Year-over-year, total expenses rose by 3.9% from ₹239.38 crores in Q3FY24. The tax expense for Q3FY25 was ₹9.78 crores, which is a 16.3% decrease from ₹11.69 crores in Q2FY25, and a 78.0% reduction from ₹44.48 crores in Q3FY24. These changes in operating metrics suggest adjustments in cost management strategies over the quarters. The contraction in both expenses and tax obligations indicates a potential shift in operational and financial strategies in response to the broader economic environment.
