India's NRB Bearings down after Q4 profit fall

NRB Bearings

28/05/2024 08:39

** Shares of NRB Bearings  NBEA.NS  down 4.7% to 316.6
rupees
    ** Automobile components maker on Monday reported 9.7% Y/Y
fall in Q4 consolidated net profit while rev from ops fell 8.9%
Y/Y    
    ** Trading vol 1.5x 30-day daily avg    
    ** Stock fell 20.2% in March quarter, its biggest quarterly
fall since March 2022
    ** Stock down 5.7% YTD




 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))