NRB Bearings Q4 PAT seen up 63.6% YoY to Rs. 20 cr: HDFC Securities

HDFC Securities has come out with its fourth quarter (Jan-March’ 18) earnings estimates for the Auto Ancillaries sector. The brokerage house expects NRB Bearings to report net profit at Rs. 20 crore up 63.6% year-on-year (down 0.1% quarter-on-quarter).

Net Sales are expected to increase by 15 percent Y-o-Y (up 4.4 percent Q-o-Q) to Rs. 220 crore, according to HDFC Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 43.2 percent Y-o-Y (up 0.1 percent Q-o-Q) to Rs. 40 crore.

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