NRB Bearings Cruising Into Growth Trajectory: Dolat Capital 

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Dolat Capital Report

NRB Bearings Ltd. reported outstanding results in Q3 FY21 led by recovery in commercial vehicle sales and export revenue supported by better realizations (appreciation of Euro).

Revenue grew 34% YoY to Rs 2.5 billion with Ebitda margin expansion of 680 basis points to 17.6% on the back of high operating leverage and cost control measures.

The company is the largest manufacturer of needle roller bearings in India, with approximately 70% market share.

With an increased emphasis on weight reduction in vehicles and lower space utilization, applications for needle roller bearings will continue to increase.

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