NRB Industrial Bearings Q1 Loss Rs 67.2 Crore

Revenue from operations: Rs 1,890.30 lakhs (compared to Rs 1,854.78 lakhs in Q1 FY26 and Rs 2,057.93 lakhs in Q4 FY26)
Other income: Rs 85.67 lakhs (compared to Rs 127.94 lakhs in Q1 FY26 and Rs 115.10 lakhs in Q4 FY26)
Total Income: Rs 1,975.97 lakhs
Expenditure breakdown:
Cost of materials consumed: Rs 725.72 lakhs
Changes in inventories: Rs 63.08 lakhs
Employee benefits expense: Rs 649.09 lakhs
Finance costs: Rs 342.69 lakhs
Depreciation and amortization: Rs 253.77 lakhs
Other expenses: Rs 613.89 lakhs
Total expenses: Rs 2,648.24 lakhs
Loss before tax: Rs (672.27) lakhs (compared to Rs (529.41) lakhs in Q1 FY26 and Rs (681.64) lakhs in Q4 FY26)
Tax expense: Nil (both current and deferred tax)
Loss after tax: Rs (672.27) lakhs
Other Comprehensive Income: Rs 47.66 lakhs (from remeasurement of defined benefit liability/asset)
Total Comprehensive Loss: Rs (719.93) lakhs
Paid-up equity share capital: Rs 484.61 lakhs (face value Rs 2 per share)
Loss per share (basic and diluted): Rs (2.77) per share

Loss after tax: Rs (659.44) lakhs (including share of associates)
Share of Profit/(Loss) of Associates:
Profit from NIBL-Korta Engineering Private Limited: Recognized in results
Loss from NRB-IBC Bearings Private Limited: Restricted to carrying value of investment
Unrecognized share of losses of NIBC as at June 30, 2026: Rs 618.08 lakhs
Total Comprehensive Loss: Rs (707.22) lakhs
Other equity: Rs (5,996.71) lakhs as at March 31, 2026
Loss per share (basic and diluted): Rs (2.72) per share

Approval: Board approved participation in Captive Solar Power Project and acquisition of 9.08% equity shares in Lok Green Energy India Private Limited
Investment amount: Up to Rs 42,00,000 (Rupees Forty-Two Lakh Only)
Purpose: To meet green energy needs, optimize energy costs, and comply with regulatory requirements for captive power consumption under electricity laws
Timeline: Within 90 days from execution of Power Purchase Agreement and Share Subscription and Shareholders Agreement
Nature of transaction: Not a related party transaction; promoter/promoter group companies have no interest
Target company details:
Lok Green Energy India Private Limited
Industry: Renewable Energy
Incorporation date: September 27, 2022
Project: 3.7 MW Solar project in Nashik (with capacity up to 10 MW)
Turnover: Nil for FY 2022-23, 2023-24, and 2024-25 (project under development)
Country: India

Net current liability position: Rs 1,943.87 lakhs as at June 30, 2026
Negative net worth: Standalone Rs 5,885.70 lakhs; Consolidated Rs 6,215.35 lakhs
Management plans: Strategic plans for improving profitability through increased sales and reduced operating expenses
Promoter support: Promoter director provided commitment letter for necessary financial support to meet operational and financial obligations
Assessment: Management confident about meeting financial obligations based on business plans, cash flow projections, and promoter support

Previous year impact: During year ended March 31, 2026, recognized exceptional expense of Rs 172.75 lakhs towards impact of New Labour Codes notified effective November 21, 2025
Current quarter: No exceptional items

Family Settlement Agreement: Certain procedural and regulatory requirements in process for transmission of shares as per agreement executed in earlier years
No financial impact: This change not expected to have any impact on financial results

Review conducted by: M/s. S R B C and Co. LLP, Chartered Accountants (ICAI Firm registration number: 324982E/E300003)
Review standard: Standard on Review Engagements (SRE) 2410
Conclusion: Nothing came to attention that causes belief that financial results contain material misstatement or lack required disclosures
Approval: Financial results reviewed by Audit Committee and approved by Board of Directors on August 05, 2026

Board meeting date: August 05, 2026
Meeting timing: 01:30 P.M. to 01:50 P.M.
Regulatory reference: SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026