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NRB Bearings, Aarti Drugs up 7% on strong Q3 numbers

14 February, 2018 4:34 AM
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NRB Bearings, Aarti Drugs up 7% on strong Q3 numbers

Shares of NRB Bearings and Aarti Drugs rose more than 7 percent intraday Wednesday on the back of strong third quarter results.

Aarti Drugs has reported 35 percent jump in its Q3 net profit at RS 23 crore and revenue was up 15.5 percent at Rs 335 crore.

NRB Bearings recorded 176 percent jump in Q3 net profit at Rs 21.3 crore against Rs 7.7 crore. Revenue was up 25.8 percent at Rs 207.9 crore versus Rs 165.3 crore.

EBITDA doubled at Rs 40.5 crore and margin was up 730 bps at 19.5 percent.

At 10:00 hrs NRB Bearings was quoting at Rs 171.40, up 3.10 percent and Aarti Drugs was quoting at Rs 662.75, up 6.05 percent on the BSE.

In the last 6 months NRB Bearings gained 48 percent and Aarti Drugs rose 28 percent.

Also read: Bhushan Steel hits 20% upper circuit post Tata Steel’s takeover bid


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