The company made this announcement after market hours on Friday, 2 March 2012.

Meanwhile, the BSE Sensex was up 18.31 points, or 0.1% to 17,655.11.

On BSE, 3,994 shares were traded in the counter as against average daily volume of 5,863 shares in the past one quarter.

The stock hit a high of Rs 43 and a low of Rs 42 so far during the day. The stock had hit a 52-week high of Rs 58.50 on 29 April 2011. The stock had hit a 52-week low of Rs 33.50 on 16 December 2011.

The small-cap stock had outperformed the market over the past one month till 2 March 2012, rising 2.32% compared with the Sensex's 1.18% gain. The scrip had also outperformed the market in past one quarter, surging 8.96% as against Sensex's 4.69% gain.

The company has an equity capital of Rs 19.38 crore. Face value per share is Rs 2.

NRB Bearing's net profit fell 13.7% to Rs 12.33 crore on 14% growth in net sales to Rs 135.51 crore in Q3 December 2011 over Q3 December 2010.

NRB Bearings is a total solutions provider, offering customized solutions by developing bearings from concept to delivery.