NRB Industrial Bearings Ltd's Q3FY25 Quarter Results
- 06 Feb 2025
Result Summary
- NRB Industrial Bearings Ltd reported a 3.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 6.7%.
- Its expenses for the quarter were down by 5.4% QoQ and 7.7% YoY.
- The net profit decreased 25.8% QoQ and decreased 13.4% YoY.
- The earnings per share (EPS) of NRB Industrial Bearings Ltd declined at 2.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 17.40 | 16.90 | 18.65 | 3.0% | -6.7% |
Total Expenses | 23.05 | 24.37 | 24.98 | -5.4% | -7.7% |
Profit Before Tax | -5.65 | -7.48 | -6.33 | -24.5% | -10.7% |
Tax | 0.00 | 0.00 | 0.00 | - | - |
Profit After Tax | -5.47 | -7.37 | -6.32 | -25.8% | -13.4% |
Earnings Per Share | -2.30 | -3.00 | -2.60 | -23.3% | -11.5% |
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 Industrial Bearings Ltd is a company that specializes in the manufacturing and distribution of industrial bearings. These bearings are essential components used in various machinery and equipment, serving sectors such as automotive, industrial machinery, and other engineering applications. The company is part of the broader industrial manufacturing industry, which plays a critical role in supporting numerous industrial and commercial operations. Currently, there is no specific information available on recent major developments or strategic changes within NRB Industrial Bearings Ltd. The company's core focus remains on delivering quality bearings to meet the demands of its diverse clientele.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), NRB Industrial Bearings Ltd reported a total income of ₹17.40 crores. This represents a quarter-over-quarter (QoQ) increase of 3.0% compared to the previous quarter (Q2FY25), where the total income was ₹16.90 crores. However, when assessed on a year-over-year (YoY) basis, the total income shows a decline of 6.7% from ₹18.65 crores reported in the third quarter of the previous fiscal year (Q3FY24). This data reflects the company's revenue generation performance over the specified periods, highlighting both its short-term growth and longer-term challenges.
Profitability
The profitability metrics for NRB Industrial Bearings Ltd indicate sustained losses, although there is an improvement in performance over the past quarter. The company reported a loss before tax of ₹5.65 crores in Q3FY25, which is a significant reduction from the loss of ₹7.48 crores recorded in Q2FY25, reflecting a 24.5% improvement QoQ. Compared to Q3FY24, the loss before tax decreased by 10.7%. Similarly, the profit after tax for Q3FY25 was a negative ₹5.47 crores, showing a 25.8% improvement from the previous quarter's loss of ₹7.37 crores. On a YoY basis, this loss reduced by 13.4% from ₹6.32 crores. Earnings per share (EPS) also improved from -₹3.00 in Q2FY25 to -₹2.30 in Q3FY25, marking a QoQ change of 23.3%, and a YoY improvement of 11.5% from -₹2.60 in Q3FY24.
Operating Metrics
NRB Industrial Bearings Ltd's total expenses for Q3FY25 were ₹23.05 crores, which is a decrease of 5.4% from ₹24.37 crores in Q2FY25. This reduction in expenses contributes to the improved financial performance observed in the quarter-over-quarter analysis. Compared to Q3FY24, the total expenses have decreased by 7.7%, indicating a consistent effort to manage costs over the year. While the company did not record any tax expenses in the periods under review, the focus on reducing operational costs is evident, aligning with the overall financial strategy to mitigate losses and improve efficiency. The analysis does not provide specific details on other operating metrics such as production volumes or inventory levels, focusing primarily on financial outcomes.
