NRB Bearings reported in-line Q4FY17 numbers. Revenue and Net profit increased by 9.5% and 8.1% respectively on YoY basis. NRB Bearings derives 65% of its total revenue from domestic OEMs, 20% from exports to companies like Daimler, Audi, etc. and balance from aftermarket segment. We remain positive on the company, which is likely to benefit from demand from automobile industry and GST implementation.