NRB Bearings (NRBBEARING) Q2 24/25 earnings summary

Executive summary

• Consolidated revenue from operations for the half year ended 30 September 2024 was ₹59,080 lakhs, up from ₹55,101 lakhs year-over-year.

• Profit before tax for the half year was ₹8,072 lakhs, compared to ₹6,129 lakhs in the same period last year.

• Net profit after tax for the half year stood at ₹6,156 lakhs, up from ₹4,362 lakhs year-over-year.

• Total comprehensive income for the half year was ₹7,330 lakhs, compared to ₹4,324 lakhs in the prior year.

Financial highlights

• EBITDA for the half year was supported by higher revenue and improved cost management.

• Basic and diluted EPS for the half year was ₹6.21, up from ₹4.40 year-over-year.

• Total assets as of 30 September 2024 were ₹1,31,650 lakhs, up from ₹1,23,921 lakhs as of 31 March 2024.

• Net cash generated from operating activities for the half year was ₹7,998 lakhs, compared to ₹2,985 lakhs in the prior year.

Outlook and guidance

• Management continues to monitor operational losses from the Waluj fire and has filed further insurance claims.

• Interim dividend of ₹2.50 per equity share (125% of face value) was declared and paid in October 2024.