NRB Bearings Q2 PAT may dip 59.9% YoY to Rs. 11.7 cr: ICICI Direct

ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the Capital Goods & Power sector. The brokerage house expects NRB Bearings to report net profit at Rs. 11.7 crore down 59.9% year-on-year (up 34.5% quarter-on-quarter).

Net Sales are expected to decrease by 20.5 percent Y-o-Y (down 4.1 percent Q-o-Q) to Rs. 199.4 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 45.1 percent Y-o-Y (down 0.5 percent Q-o-Q) to Rs. 25.3 crore.

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