NRB Bearings has reported a Q4 EBITDA of ₹669 million, marking a year-on-year increase from ₹603 million. The company's margin remains steady at 18%. Despite a slight dip compared to the previous year's 18.3%, it indicates stable profitability for the quarter.
NRB Bearing Limited
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NRB Bearings has announced a dividend of ₹2.25 per share for the upcoming fiscal year while also investing in two new companies and acquiring land valued at ₹40 crores to facilitate expansion. The company has also updated its Vigil Policy.
NRB Bearings announces a ₹2.25 interim dividend for shareholders, with the ex-date set for next week. Additionally, IEX, Manappuram Finance, and eight other companies will have their ex-dates next week as well.
NRB Bearings concludes Q4 with a profit, marking a year-over-year shift. Revenues show a notable increase of 13%, indicating improved performance.
NRB Bearings' Q4 profits soared by 45%, reaching ₹42 crore, propelling the stock price to ₹301, marking a 2.8% increase. This comes as a result of a revenue boost, with Q4 earnings reaching ₹1,335 crore compared to ₹1,198 crore in the same period last year.
NRB Bearings has agreed to a ₹40 crore land acquisition to fuel its future growth and expansion efforts.
The Trilochan Singh Sahney Trust has revealed an increase in share pledges for NRB Bearings Ltd, now accounting for 5.04% of the company's voting capital under SEBI regulations. Post-transaction, encumbered shares stand at 3.10%, while unpledged shares are at 1.96%.