Key Quantitative Figures - Standalone (Rs. in Lakhs)

Quarterly Performance (Q2 FY27)

  • Revenue from operations: ₹2,140.79
  • Other income: ₹95.94
  • Total Income: ₹2,236.73
  • Total Expenses: ₹2,921.28
  • Cost of materials consumed: ₹858.75
  • Employee benefits expense: ₹715.02
  • Finance costs: ₹341.01
  • Depreciation and amortisation: ₹274.85
  • Other expenses: ₹794.16
  • Loss before tax: (₹684.55)
  • Tax expense: ₹0.00
  • Profit/(Loss) after tax: (₹684.55)
  • Other Comprehensive Income (OCI): ₹47.66
  • Total Comprehensive Income: (₹732.21)
  • Earnings per share (Basic & Diluted): (₹2.83)

Half-Yearly Performance (H1 FY27)

  • Revenue from operations: ₹4,031.09
  • Other income: ₹181.61
  • Total Income: ₹4,212.70
  • Loss before tax: (₹1,356.82)
  • Profit/(Loss) after tax: (₹1,356.82)
  • Total Comprehensive Income: (₹1,452.14)
  • Earnings per share (Basic & Diluted): (₹5.60)

Balance Sheet Highlights as at September 30, 2026 (Standalone)

  • Total Assets: ₹13,793.62 Lakhs
  • Non-current assets: ₹6,624.88 Lakhs
  • Property, plant and equipment: ₹3,536.70 Lakhs
  • Right-of-use assets: ₹760.58 Lakhs
  • Investment in associates: ₹525.00 Lakhs
  • Current assets: ₹7,168.74 Lakhs
  • Inventories: ₹2,556.38 Lakhs
  • Trade receivables: ₹1,262.59 Lakhs
  • Cash and cash equivalents: ₹18.85 Lakhs
  • Total Equity: (₹5,918.37 Lakhs) [Negative Net Worth]
  • Equity Share capital: ₹484.61 Lakhs
  • Other Equity: (₹6,402.98 Lakhs)
  • Non-current liabilities: ₹9,775.44 Lakhs
  • Borrowings: ₹8,725.41 Lakhs
  • Current liabilities: ₹9,936.55 Lakhs
  • Borrowings: ₹6,703.99 Lakhs
  • Trade payables: ₹2,436.76 Lakhs
  • Net Current Liabilities: ₹2,767.81 Lakhs

Cash Flow Highlights (Standalone) for H1 FY27

  • Net cash used in operating activities: (₹819.04 Lakhs)
  • Net cash used in investing activities: (₹939.06 Lakhs)
  • Purchase of property, plant and equipment: (₹587.36 Lakhs)
  • Net cash from financing activities: ₹1,759.14 Lakhs
  • Proceeds from non-current borrowings: ₹600.27 Lakhs
  • Proceeds from current borrowings: ₹1,513.35 Lakhs

Key Quantitative Figures - Consolidated

The consolidated financial results for the quarter and half-year are largely similar to the standalone figures, with the following key adjustments:

  • Share of Profit/(loss) of Associates (Q2): ₹34.85 Lakhs
  • Profit/(loss) after tax and share of Associates (Q2): (₹649.70 Lakhs)
  • Consolidated EPS (Q2): (₹2.68)
  • Consolidated Net Worth as of Sep 30, 2026: (₹6,217.26 Lakhs)
  • The unrecognized share of losses in associate NRB-IBC Bearings Private Limited is ₹583.83 Lakhs.

Dates of Action

  • Board Meeting Date: October 28, 2026 (12:40 PM to 12:55 PM)
  • Financial Results Period: Quarter and Half-Year ended September 30, 2026
  • Appointment Effective Date: October 28, 2026

Parties Involved

  • Statutory Auditors: M/s. S R B C and Co. LLP
  • Associates: NRB IBC Bearings Private Limited, NIBL-Korta Engineering Private Limited
  • New Appointee: Mr. M. B. Ravi Shankar

Purpose / Rationale

  • The financial results are a mandatory quarterly disclosure under SEBI LODR Regulations.
  • The appointment of Mr. Ravi Shankar is to fill the role of Head-Manufacturing (SMP).

Financial / Operational Impact

  • The company continues to report losses and has a negative net worth.
  • Management has formulated strategic plans for improving profitability and a promoter director has provided a financial support commitment, leading to preparation on a going concern basis.

Capital Structure Impact

  • Paid-up equity share capital remained unchanged at ₹484.61 Lakhs (Face value ₹2 per share).
  • No immediate impact on capital structure from the disclosed events.

Notes to Financial Results

1. Prepared in accordance with Ind AS.

2. Single business segment: Bearings and related components.

3. Going Concern: The company has negative net worth and net current liabilities. Management is confident based on strategic plans and a promoter's support letter.

4. Exceptional Item: An exceptional expense of ₹172.75 Lakhs was recognized in FY26 related to the impact of New Labour Codes.

5. A Family Settlement Agreement is being processed for share transmission, with no expected financial impact.

6. Results were reviewed by the Audit Committee and approved by the Board on October 28, 2026.

Management Appointment

  • Name: Mr. M. B. Ravi Shankar
  • Role: Head-Manufacturing, designated as Senior Management Personnel (SMP)
  • Effective Date: October 28, 2026
  • Profile: 59-year-old mechanical engineer with over 33 years of experience in manufacturing, plant operations, quality assurance, and process engineering, including direct bearing industry experience.