(CMP: Rs. 118; MCap: Rs. 1150 crore)
NRB’s This autumn efficiency was a beat to our estimates on all parameters. The corporate posted sturdy topline development in addition to enchancment in margin spreads regardless of the latest commodity inflation.
Q4FY21 Earnings Abstract
– Income for the quarter got here in at Rs. 257.2 crore, up 37.2% YoY & 5.1% QoQ (vs I-direct estimate of Rs. 230.1 crore). With this, the corporate exited FY21 with a decline of merely 1.7% in revenues regardless of a washout H1.
– The important thing shock to us was the Gross margins, which improved 380 bps YoY & 86 bps QoQ. Worker value elevated 13.7% YoY whereas different bills elevated 24.3% YoY. NRB’s This autumn EBIDTA margins got here in at 18.2% vs 8.2% YoY & 17.6% QoQ (I-direct estimate at 15%). Absolute EBIDTA got here in at Rs. 46.8 crore, up 203% YoY & 8% QoQ (vs I-direct estimate at Rs. 34.5 crore).
– Ensuing PAT got here in at Rs. 34.6 crore vs Rs. 4.2 in Q4FY20 (I-direct estimate at (Rs. 17.3 crore). Tax fee for the quarter was at 11.9%.
– Throughout FY21, the corporate’s general debt got here down by Rs. 97.8 crore. NRB generated CFO to the tune of Rs. 157.8 crore
We are going to come out with an in depth report quickly.
Shares of NRB BEARINGS LTD. was final buying and selling in BSE at Rs.121.85 as in comparison with the earlier shut of Rs. 118.65. The overall variety of shares traded throughout the day was 197868 in over 3721 trades.
The inventory hit an intraday excessive of Rs. 126.5 and intraday low of 121.4. The online turnover throughout the day was Rs. 24431195.