NRB Bearings Reports Flat Q3 FY24-25 Results Amid Mixed Financial Indicators
NRB Bearings has announced its financial results for Q3 FY24-25, showing a flat performance. The company has improved its operating profit to interest ratio and reduced its debt-equity ratio, indicating better financial management. However, concerns include a decline in inventory turnover and a decrease in profit after tax and earnings per share.
NRB Bearings has recently reported its financial results for the quarter ending December 2024, revealing a flat performance for Q3 FY24-25. The company's evaluation has undergone a notable adjustment, with its score reflecting a shift from 14 to 3 over the past three months.Several factors are contributing positively to NRB Bearings' financial standing. The operating profit to interest ratio has reached a high of 17.86 times, indicating an enhanced ability to manage interest payments, which has shown consistent growth over the last five quarters. Additionally, the debt-equity ratio stands at a low of 0.16 times, suggesting a reduction in borrowing relative to equity capital, which may enhance financial stability.
Conversely, there are areas of concern for NRB Bearings. The inventory turnover ratio has declined to 2.51 times, marking the lowest level in the last five half-yearly periods, indicating a slowdown in the pace of inventory sales. Furthermore, profit after tax (PAT) has decreased to Rs 24.29 crore, reflecting an 8.0% decline compared to the average PAT of the previous four quarters. Earnings per share (EPS) have also reached a low of Rs 2.20, signaling a decrease in profitability for shareholders.
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