Highlights
- Sales over the Year and quarter: The company’s sales declined by -14.5 % over the year, substantial increase in net sales/revenue by 3.73 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -38.57 %, Marginal decrease of -37.68% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for NRB Industrial Bearings Limited. Notable increase of 105.99 % in net profit Year to Year, NRB Industrial Bearings Limited’s profitability increased by 16.36 % in this quarter.
- EPS over the Year and quarter: EPS increased by 104.76 % Year to Year. EPS increased by 15.33 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 21.815 Cr | Rs. 17.98 Cr | Rs. 18.651 Cr | + 3.73 % | -14.5 % |
| Expenses | Rs. 21.07 Cr | Rs. 19.89 Cr | Rs. 22.24 Cr | + 11.81 % | + 5.55 % |
| Operating Profit | Rs. 0.75 Cr | Rs. -1.91 Cr | Rs. -3.59 Cr | -87.96 % | -578.67 % |
| OPM % | 3.44 % | -10.62 % | -19.25 % | -8.63 % | -22.69 % |
| Other Income | Rs. 0.7 Cr | Rs. 0.69 Cr | Rs. 0.43 Cr | -37.68 % | -38.57 % |
| Interest | Rs. 2.6 Cr | Rs. 2.78 Cr | Rs. 2.77 Cr | -0.36 % | + 6.54 % |
| Depreciation | Rs. 2.42 Cr | Rs. 2.32 Cr | Rs. 1.43 Cr | -38.36 % | -40.91 % |
| Profit before tax | Rs. -3.57 Cr | Rs. -6.32 Cr | Rs. -7.36 Cr | -16.46 % | -106.16 % |
| Tax % | -0 % | -0 % | -0 % | 0 % | 0 % |
| Net Profit | Rs. -3.57 Cr | Rs. -6.32 Cr | Rs. -7.36 Cr | -16.46 % | -106.16 % |
| EPS in Rs | Rs. -1.47 | Rs. -2.61 | Rs. -3.01 | -15.33 % | -104.76 % |
Today, we’re looking at NRB Industrial Bearings Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -14.5 %. However, it did see a marginal increase of 3.73 % from the previous quarter. Expenses ticked up slightly by 11.81 % quarter-on-quarter, aligning with the annual rise of 5.55 %. Operating profit, while down -578.67 % compared to last year, faced a quarter-on-quarter dip of -87.96 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -22.69 %, but a shrinkage of -8.63 % sequentially. Other income fell by -37.68 % compared to the last quarter, despite an annual decline of -38.57 %. Interest expenses dropped significantly by -0.36 % from the previous quarter, yet the year-over-year increase remains at a moderate 6.54 %. Depreciation costs fell by -38.36 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -40.91 %. Profit before tax declined annually by -106.16 % but saw a reduction from the preceding quarter by -16.46 %.
Net profit fell by -106.16 % year-on-year but witnessed a -16.46 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -104.76 % but a quarterly fall of -15.33 %. In summary, NRB Industrial Bearings Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 21.815 Cr | Rs. 17.98 Cr | Rs. 18.651 Cr | + 3.73 % | -14.5 % |
| Expenses | Rs. 21.07 Cr | Rs. 19.89 Cr | Rs. 22.24 Cr | + 11.81 % | + 5.55 % |
| Operating Profit | Rs. 0.75 Cr | Rs. -1.91 Cr | Rs. -3.59 Cr | -87.96 % | -578.67 % |
| Net Profit | Rs. -3.57 Cr | Rs. -6.32 Cr | Rs. -7.36 Cr | -16.46 % | -106.16 % |
| EPS in Rs | Rs. -1.47 | Rs. -2.61 | Rs. -3.01 | -15.33 % | -104.76 % |
In reviewing NRB Industrial Bearings Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -14.5 % year-on-year, however, there was a minor increase of 3.73 % from the previous quarter. Expenses rose by 5.55 % compared to the previous year, with a 11.81 % increase quarter-on-quarter. Operating Profit dropped by -578.67 % annually, and saw a -87.96 % decrease from the last quarter.
Net Profit showed yearly decrease of -106.16 %, and experienced a -16.46 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -104.76 % annually, however dipped by -15.33 % compared to the last quarter. In essence, while NRB Industrial Bearings Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
