NRB Industrial Bearings reports standalone net loss of Rs 2.85 crore in the March 2020 quarter

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Sales decline 40.12% to Rs 8.85 crore

Net Loss of NRB Industrial Bearings reported to Rs 2.85 crore in the quarter ended March 2020 as against net loss of Rs 3.52 crore during the previous quarter ended March 2019. Sales declined 40.12% to Rs 8.85 crore in the quarter ended March 2020 as against Rs 14.78 crore during the previous quarter ended March 2019.

For the full year,net loss reported to Rs 18.91 crore in the year ended March 2020 as against net loss of Rs 13.98 crore during the previous year ended March 2019. Sales declined 25.67% to Rs 41.69 crore in the year ended March 2020 as against Rs 56.09 crore during the previous year ended March 2019. ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales8.8514.78 -40 41.6956.09 -26 OPM %6.670.14 --8.781.57 - PBDT-0.61-1.39 56 -10.00-5.16 -94 PBT-2.85-3.52 19 -18.91-13.98 -35 NP-2.85-3.52 19 -18.91-13.98 -35

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First Published: Wed, June 17 2020. 08:54 IST