NRB Bearings Q3 PAT seen up 44.5% YoY to Rs. 15 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 20) earnings estimates for the Capital Goods sector. The brokerage house expects NRB Bearings to report net profit at Rs. 15 crore up 44.5% year-on-year (up 36.4% quarter-on-quarter).

Net Sales are expected to increase by 20.2 percent Y-o-Y (up 11.3 percent Q-o-Q) to Rs. 220 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 66.6 percent Y-o-Y (up 8.6 percent Q-o-Q) to Rs. 33 crore.

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