iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

NRB Bearings slumps after Q2 PAT drops 47% YoY

9 Nov 2022 , 12:29 PM

On a consolidated basis, profit before tax (PBT) fell 40% year-on-year to Rs 19.92 crore in Q2 September 2022. During the quarter, total expense rose 8.6% to Rs 237.29 crore. Cost of material consumed climbed 44.8% to Rs 131.68 crore and employee cost increased 12.7% to Rs 40.01 crore. Net cash generated from operating activities stood at Rs 73.96 crore in six months ended 30 September 2022 as against Rs 4.79 crore in six months ended 30 September 2021. During the quarter ended 30 September 2022, the company unwound one of its cross-currency interest rate swap hedge contract and accordingly gain of Rs 3.97 crore was recorded under other income. NRB Bearings offers a wide range of high-precision customized friction solutions. It products include needle roller bearings, conventional cylindrical roller bearings and lightweight drawn cup bearings. Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.