• Event Type: The document is a transcript of the Q2 FY27 Earnings Conference Call with Analysts and Investors.

• Date and Time: The call was held on Thursday, November 05, 2026, at 12:00 IST.

• Stated Purpose: The purpose was to discuss the unaudited Standalone and Consolidated Financial Results of the Company for Q2 FY 2026-27.

• Management Participants: The call was led by Ms. Harshbeena Zaveri, Vice Chairman and Managing Director. The call was moderated by Mr. Diwakar Pingle from Ernst & Young.

• Availability of Materials: The transcript was made available on the company's website at https://www.nrbbearings.com/ as part of this regulatory filing. The results had been mailed to investors and were also available on the website.

• UPSI Statement: The moderator began the call with a standard disclaimer regarding forward-looking statements and business risks, but no explicit statement confirming that no Unpublished Price Sensitive Information (UPSI) would be shared was made in the provided transcript.

• Financial Period Discussed: The discussion centered on the company's performance for Q2 (Quarter 2) and H1 (Half Year) of FY 2026-27.

• Financial Highlights & Guidance:

  • Revenue from operations for Q2 stood at INR 386 crores, representing a growth of 18.8% year-on-year. For the half year, growth was 19%.
  • Adjusted EBITDA was INR 71 crores, with an EBITDA margin of 18.2%.
  • Profit After Tax (PAT) was INR 36 crores for the quarter. Management emphasized that PAT is impacted by high depreciation from ongoing capacity expansion and advised investors to focus on EBITDA metrics.
  • Segment-wise growth was highlighted: The Commercial Vehicle (CV) segment grew 47%, the Industrial segment grew 48% (against a guided 34%), and Exports grew 16%.
  • Management stated that the 19% growth is sustainable and that the company intends to "surpass it," moving into a higher growth trajectory as new capacities come online. The goal is to maintain the EBITDA margin in the 17-18% range.

• Strategic Themes:

  • Management detailed a strategic pivot into five key verticals over the next five years: 1) Aerospace & Defense (via the acquisition of Mahant Tool Room), 2) Automotive Adjacencies (e.g., wheel hubs, tapered bearings), 3) EV-agnostic solutions beyond passenger vehicles, 4) Mobility beyond vehicles (Robotics, AGVs, Urban Air Mobility), and 5) Mission-critical friction solutions.
  • The strategy is focused on high-value, engineered products with high customer stickiness and switching costs, moving away from commoditized segments.
  • The company is building new capacity based on firm orders, not sweating existing assets. The depreciation from this capex is impacting current PAT.

Additional Notes Section

• Attachments: The regulatory filing enclosed the earnings call transcript as an attachment (Encl: a\a).

• Financial Data: Extensive financial data and strategic commentary were disclosed within the earnings call transcript.