NRB Bearings Q4 PAT may dip 37.6% YoY to Rs. 21.6 cr: ICICI Direct

ICICI Direct has come out with its fourth quarter (January-March’ 22) earnings estimates for the Capital Goods sector. The brokerage house expects NRB Bearings to report net profit at Rs. 21.6 crore down 37.6% year-on-year (down 20.7% quarter-on-quarter).

Net Sales are expected to decrease by 1.9 percent Y-o-Y (down 8.9 percent Q-o-Q) to Rs. 252.2 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 19.4 percent Y-o-Y (down 23.9 percent Q-o-Q) to Rs. 37.7 crore.

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