ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the Capital Goods & Power sector. The brokerage house expects NRB Bearings to report net profit at Rs. 27.2 crore up 16.9% year-on-year (up 11.6% quarter-on-quarter).
Net Sales are expected to increase by 13.1 percent Y-o-Y (up 7.9 percent Q-o-Q) to Rs. 276.8 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 15 percent Y-o-Y (up 4.8 percent Q-o-Q) to Rs. 49.6 crore.
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