/ NRB Bearings Gain Over 3% On Strong Q4 Numbers ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 2 June 2017

Small-cap stock, NRB Bearings Limited is having a jolly ride on the bourses. The stock is trading higher by over than 3.22% at Rs 121.8 per share on BSE as of 1358 hours on Friday.

The company has recently reported its financial results for the quarter and year ended March 31, 2017. In past three months, the share price has grown by nearly 13%. NRB bearing standalone revenue for the quarter stood at Rs 189 cr, registering 10% Y-o-Y increase.

EBITDA for the quarter fell by 11.6% Y-o-Y to Rs 27 cr 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 cr, Y-o-Y increase of 8%.

With the auto industry showing signs of recovery, market analysts expect healthy growth in the bottom-line revenue of the company. The revival in exports of the company is responsible for the increase in company’s top line and bottom line numbers.

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