- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
NRB Bearings (NRBBEARING) announced its financial results for the quarter and nine months ended Dec 31, 2025, alongside significant strategic updates.
**Financial Highlights (Consolidated):**
* Revenue from Operations: ₹327.92 Cr (up from ₹278.52 Cr YoY)
* Profit After Tax (PAT): ₹29.32 Cr (up from ₹22.10 Cr YoY)
* Standalone results also reflected robust growth.
**Key Strategic Initiatives:**
* **Expansion:** The company approved a ₹70 Cr capital investment to boost capacity by 17-25% across product lines, starting Q1 FY27. This expansion is driven by a strong order book and new product launches.
* **New Ventures:** NRB is forming a Joint Venture, NRB Unitec Technologies Pvt Ltd (NRB will hold minimum 75%), to manufacture Cylindrical Roller Bearings in Hyderabad. It also incorporated Mahant Tool Room Pvt Ltd, which is acquiring a precision machinery components maker for the aerospace sector for ₹27.50 Cr.
**Leadership Changes:**
* Mr. Ashank Desai completed his tenure as Independent Director and Chairman.
* Mr. Tashwinder Singh appointed as the new Chairman (effective March 30, 2026).
* Mr. Vineet Goel appointed as Chief Financial Officer (effective Feb 11, 2026).
**Dividend:** The board declared a 2nd interim dividend of ₹3.20 per equity share (160%).
---
**Issue, Impact, and Company's Response:**
* **Exceptional Loss Impact:** The company's Q3 PAT includes a net exceptional loss of ₹7.03 Cr. A significant portion of this (₹13.24 Cr) stems from the statutory impact of new labour codes on gratuity and long-term compensated absences.
* **Impact:** This item reduced reported profit for the quarter.
* **Company's Response:** This is a one-time accounting adjustment for the quarter and is now accounted for.
* **Minor Trade Delays:** There are minor delays in settling international trade receivables (₹23.42 Cr) and payables (₹0.80 Cr) beyond stipulated timelines.
* **Impact:** Potential for penalties, though management believes the exposure is not material.
* **Company's Response:** The company is in the process of regularizing these defaults and has made provisions where required.
* **Overall Outlook:** Despite the one-off exceptional item, the company's strong revenue growth, substantial capacity expansion plans, and strategic new ventures signal positive long-term demand and growth prospects.