Board Meeting Details

The Board of Directors meeting was held on Friday, August 07, 2026, commencing at 04:00 p.m. and concluding at 06:40 p.m.

Key Approvals

1. Financial Results Approval

The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, along with the Limited Review Report issued by the statutory auditors, Walker Chandiok & Co LLP.

2. Corporate Guarantee Approval

The Board approved issuance of corporate guarantees in favor of HSBC Bank for an aggregate amount of up to ₹50 Crores (Rupees Fifty Crores Only) for term loan facilities proposed to be availed by its subsidiary NRB Unitec Friction Solutions Private Limited.

Standalone Financial Results (₹ in lakhs)

Quarterly Performance (Q1 FY27 vs Q4 FY26 vs Q1 FY26)

  • Total Income: ₹32,793 (Q1 FY27) vs ₹32,864 (Q4 FY26) vs ₹28,782 (Q1 FY26)
  • Total Expenses: ₹28,467 (Q1 FY27) vs ₹28,188 (Q4 FY26) vs ₹25,159 (Q1 FY26)
  • Profit Before Exceptional Items & Tax: ₹4,326 (Q1 FY27) vs ₹4,676 (Q4 FY26) vs ₹3,623 (Q1 FY26)
  • Exceptional Items Gain/(Loss): ₹265 gain (Q1 FY27) vs ₹0 (Q4 FY26) vs ₹0 (Q1 FY26)
  • Profit Before Tax: ₹4,591 (Q1 FY27) vs ₹4,676 (Q4 FY26) vs ₹3,623 (Q1 FY26)
  • Tax Expense: ₹1,114 (Q1 FY27) vs ₹1,207 (Q4 FY26) vs ₹984 (Q1 FY26)
  • Profit After Tax: ₹3,477 (Q1 FY27) vs ₹3,469 (Q4 FY26) vs ₹2,639 (Q1 FY26)
  • Other Comprehensive Loss: ₹(50) (Q1 FY27) vs ₹(81) (Q4 FY26) vs ₹(5) (Q1 FY26)
  • Total Comprehensive Income: ₹3,427 (Q1 FY27) vs ₹3,388 (Q4 FY26) vs ₹2,634 (Q1 FY26)

Key Metrics

  • Paid-up Equity Share Capital: ₹1,938 lakhs (face value ₹2 per share)
  • Basic & Diluted EPS Before Exceptional Items: ₹3.38 (Q1 FY27) vs ₹3.58 (Q4 FY26) vs ₹2.72 (Q1 FY26)
  • Basic & Diluted EPS After Exceptional Items: ₹3.59 (Q1 FY27) vs ₹3.58 (Q4 FY26) vs ₹2.72 (Q1 FY26)

Consolidated Financial Results (₹ in lakhs)

Quarterly Performance (Q1 FY27 vs Q4 FY26 vs Q1 FY26)

  • Revenue from Operations: ₹36,953 (Q1 FY27) vs ₹37,198 (Q4 FY26) vs ₹31,005 (Q1 FY26)
  • Other Income: ₹547 (Q1 FY27) vs ₹701 (Q4 FY26) vs ₹941 (Q1 FY26)
  • Total Income: ₹37,500 (Q1 FY27) vs ₹37,899 (Q4 FY26) vs ₹31,946 (Q1 FY26)
  • Total Expenses: ₹32,623 (Q1 FY27) vs ₹32,320 (Q4 FY26) vs ₹27,446 (Q1 FY26)
  • Profit Before Exceptional Items & Tax: ₹4,877 (Q1 FY27) vs ₹5,579 (Q4 FY26) vs ₹4,500 (Q1 FY26)
  • Exceptional Items Gain/(Loss): ₹265 gain (Q1 FY27) vs ₹0 (Q4 FY26) vs ₹0 (Q1 FY26)
  • Profit Before Tax: ₹5,142 (Q1 FY27) vs ₹5,579 (Q4 FY26) vs ₹4,500 (Q1 FY26)
  • Tax Expense: ₹1,366 (Q1 FY27) vs ₹1,370 (Q4 FY26) vs ₹1,219 (Q1 FY26)
  • Profit After Tax: ₹3,776 (Q1 FY27) vs ₹4,209 (Q4 FY26) vs ₹3,281 (Q1 FY26)
  • Other Comprehensive Income/(Loss): ₹82 (Q1 FY27) vs ₹(471) (Q4 FY26) vs ₹157 (Q1 FY26)
  • Total Comprehensive Income: ₹3,858 (Q1 FY27) vs ₹3,738 (Q4 FY26) vs ₹3,438 (Q1 FY26)

Attribution

  • Net Profit Attributable to Owners: ₹3,684 (Q1 FY27) vs ₹4,141 (Q4 FY26) vs ₹3,209 (Q1 FY26)
  • Net Profit Attributable to Non-controlling Interest: ₹92 (Q1 FY27) vs ₹68 (Q4 FY26) vs ₹72 (Q1 FY26)

Key Metrics

  • Paid-up Equity Share Capital: ₹1,938 lakhs (face value ₹2 per share)
  • Basic & Diluted EPS Before Exceptional Items: ₹3.60 (Q1 FY27) vs ₹4.27 (Q4 FY26) vs ₹3.31 (Q1 FY26)
  • Basic & Diluted EPS After Exceptional Items: ₹3.80 (Q1 FY27) vs ₹4.27 (Q4 FY26) vs ₹3.31 (Q1 FY26)

Exceptional Items Details

Insurance Claim Recovery (Waluj Fire)

  • A fire incident occurred at the Company's Waluj, Aurangabad plant on May 08, 2023
  • Total loss assessment: ₹2,076 lakhs (inventories, plant & equipment, buildings, civil structures)
  • Insurance claim disbursement received during Q1 FY27: ₹265 lakhs (sanctioned June 30, 2026, received July 29, 2026)
  • Previous disbursement during FY26: ₹621 lakhs

Labour Code Impact

  • Effective November 21, 2025, Government consolidated labour legislations into four Labour Codes
  • Statutory impact recorded in FY26: ₹1,324 lakhs (₹1,018 lakhs for gratuity, ₹306 lakhs for long-term compensated absences)

Subsidiary Developments

Mahant Tool Room Private Limited (MTRPL)

  • Wholly owned subsidiary incorporated December 30, 2025 for aerospace business strategy
  • Business Transfer Agreement dated January 27, 2026 to acquire M/s. Mahant Tool Room, Bengaluru for ₹3,750 lakhs
  • Long-stop date extended to July 27, 2026
  • Company extended ICD of ₹700 lakhs to MTRPL during FY26 at 6.90% interest with equity conversion option
  • During Q1 FY27, converted ₹715 lakhs (principal + interest) into equity at valuation of ₹29,688 per share
  • Allotted 2,409 equity shares to Company
  • Return of allotment (Form PAS-3) filed with ROC on June 04, 2026
  • Satisfaction notice received from transferor on June 12, 2026
  • Transaction completion date agreed as July 10, 2026
  • Additional equity investment of ₹3,050 lakhs made by Company in MTRPL at same valuation

NRB Unitec Friction Solutions Private Limited

  • Incorporated April 22, 2026 as wholly owned subsidiary
  • Joint Venture Agreement dated November 30, 2025 with Unitec S.r.l. (Mondial Group, Italy) for Cylindrical Roller Bearings manufacturing
  • Board approved transfer of 2,500 equity shares (25% paid-up capital) to Unitec S.r.l. on May 07, 2026
  • As of June 30, 2026, share transfer not completed - remains wholly owned subsidiary

Corporate Guarantee Details (Annexure A)

  • Beneficiary: NRB Unitec Friction Solutions Private Limited
  • Guarantor: NRB Bearings Limited
  • Amount: ₹50 Crores
  • Purpose: Term loan facilities from HSBC Bank
  • Promoter Interest: No interest from promoter/promoter group/group companies
  • Impact: Disclosure in Financial Statements only, no other impact on Company

Regulatory Compliance Notes

Foreign Exchange Receivables

  • Trade receivables of ₹2,512 lakhs from overseas customers pending settlement beyond FED Master Direction timelines
  • Company recovering outstanding dues and making provisions where required
  • Regularization process with appropriate authority ongoing
  • Penalty amount not ascertainable, management believes exposure not material

Dividend Declaration

  • Interim dividend of ₹2.25 per share (112.5%) declared on May 07, 2026
  • Paid on May 11, 2026

Auditor Review

  • Limited review conducted by Walker Chandiok & Co LLP (Firm Registration No: 001076N/N500013)
  • Review conducted under SRE 2410
  • No material misstatements identified
  • For consolidated results, relied on review reports of other auditors for subsidiaries

Subsidiaries Included in Consolidation

  • SNL Bearings Limited
  • NRB Holdings Limited, UAE
  • Mahant Tool Rooms Private Limited
  • NRB Unitec Friction Solutions Private Limited (from April 22, 2026)
  • NRB Bearings (Thailand) Limited*
  • NRB Bearings Europe GmbH*
  • NRB Bearings USA Inc*

*Step-down subsidiaries

Segment Reporting

  • Single operating segment: "Bearing"
  • Consistent with reporting to Chief Operating Decision Maker

#Tags: #NRBBearings #Q1Results #CorporateGuarantee #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral