Integrated Filing — IndAS



General information about company

Scrip Code 530367
NSE Symbol NRBBEARING
MSEI Symbol NOTLISTED
ISIN INE349A01021
Name of company NRB BEARING LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 10-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 05-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Bearing
Start date and time of board meeting 10-11-2025   15:30:00
End date and time of board meeting 10-11-2025   19:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 32,520.00 63,525.00
Other income 1,431.00 2,372.00
Total income 33,951.00 65,897.00
2 Expenses
(a) Cost of materials consumed 12,951.00 25,513.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (558.00) (1,285.00)
(d) Employee benefit expense 5,181.00 10,108.00
(e) Finance costs 222.00 507.00
(f) Depreciation, depletion and amortisation expense 1,327.00 2,625.00
(f) Other Expenses
1 Consumption of stores and spare parts 1,985.00 4,070.00
2 Processing charges 432.00 772.00
3 Power and fuel 1,376.00 2,596.00
4 Insurance 102.00 211.00
5 Forwarding charges 1,264.00 2,186.00
6 Legal and professional fees 676.00 1,170.00
7 Travelling and conveyance 318.00 592.00
8 Information technology expenses 90.00 222.00
9 Contract labour 1,446.00 2,725.00
10 Miscellaneous expenses 1,901.00 4,147.00
Total other expenses 9,590.00 18,691.00
Total expenses 28,713.00 56,159.00
3 Total profit before exceptional items and tax 5,238.00 9,738.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 5,238.00 9,738.00
6 Tax expense
7 Current tax 1,325.00 2,296.00
8 Deferred tax (228.00) 20.00
9 Total tax expenses 1,097.00 2,316.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 4,141.00 7,422.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 4,141.00 7,422.00
17 Other comprehensive income net of taxes 347.00 504.00
18 Total Comprehensive Income for the period 4,488.00 7,926.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 4,063.00 7,272.00
Total profit or loss, attributable to non-controlling interests 78.00 150.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 4,410.00 7,776.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 78.00 150.00
21 Details of equity share capital
Paid-up equity share capital 1,938.00 1,938.00
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 4.19 7.5
Diluted earnings (loss) per share from continuing operations 4.19 7.5
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 4.19 7.5
Diluted earnings (loss) per share from continuing and discontinued operations 4.19 7.5
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1 The above consolidated unaudited financial results ('statement') of NRB Bearings Limited (the 'Parent Company') were reviewed and recommended by the Audit Committee and were thereafter approved by the Board of Directors at their respective meetings held on 10 November 2025. The auditors have carried out a limited review of this statement for the quarter and half year ended 30 September 2025. 2 The statement has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 - Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 (the 'Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). 3 The outstanding balances as at 30 September 2025 of the Parent Company includes trade receivables amounting to INR 2,346 lakhs and trade payables amounting to INR 5 lakhs, pertaining to customers and vendors situated outside India. These balances are pending for settlement / adjustments and have resulted in delays in receipts of receivables and payments of payables, beyond the timeline stipulated by the FED Master Direction No. 16/2015-16 and FED Master Direction No. 17/ 2016-17 respectively, under the Foreign Exchange Management Act, 1999. The Parent Company is in the process of making the payment for outstanding payables and also recovering these outstanding dues, however, wherever required, provision has been made in the books of account. The Parent Company is also in the process of regularising these defaults with the appropriate authority. Pending conclusion of the aforesaid matter, the amount of penalty, if any, that may be levied, is not ascertainable. However, the Parent Company's management believes that the exposure is not expected to be material. Accordingly, the accompanying statement do not include any consequential adjustments that may arise due to such delay. 4 Exceptional items - (loss) (net) (INR in lakhs) Particulars Quarter ended Half year ended Year ended 30.09.2025 30.06.2025 30.09.2024 30.09.2025 30.09.2024 31.03.2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) i) Claim received from insurance company on account of fire (also refer note 5) - - - - - 750 ii) Reversal of input tax credit under section 16 of CGST Act, 2017 (refer note 6) a) On loss of inventories due to fire - - - - - (394) b) On brokerage paid on sale of land & building at Thane - - - - - (33) iii) Compensation pursuant to inter-company agreement (refer note 7) - - - - - (5,512) - - - - - (5,189) 5 A fire incident had occurred at one of the Parent Company's plant situated at Waluj, Aurangabad on 8 May 2023, wherein the Parent Company had made an assessment of loss amounting to INR 2,076 lakhs with respect to the damage caused to inventories, plant and equipments and other accessories, buildings, and other civil structures. The Parent Company believes it has adequate insurance coverage to cover these losses. During the year ended 31 March 2025, the Insurance Company had disbursed a total amount of INR 750 lakhs as an interim payment against plant and equipments and other accessories, buildings and other civil structures, which was classified as an exceptional gain for the year ended 31 March 2025. Additionally, the management of the Parent Company had filed a claim with the surveyor to recover operational losses caused due to fire. The same is under discussion and the claim will be recognised when the recoverability is reasonably ascertained. 6 During the year ended 31 March 2025, the Parent Company had reversed the input tax credit amounting to INR 394 lakhs and INR 33 lakhs on account of loss of inventories due to fire at Waluj and brokerage paid for sale of land and building at Thane respectively. These credits were reversed under section 16 of the CGST Act, 2017 from the available balances in the electronic credit ledger while filing the Goods and Services Tax (GST) annual return for the financial year 2023-24, which are classified as an exceptional item for the year ended 31 March 2025. 7 (i) The Committee of Directors of the Parent Company at its meeting held on 20 January 2025 had approved the execution of an Inter-Company Agreement (Agreement) dated 20 January 2025 between the Parent Company and NRB Industrial Bearings Limited (NIBL), a related party, which mainly covers the following: (a) As per the scheme of demerger dated 24 August 2012 executed between the Parent Company and NIBL, NIBL presently uses the marks “NRB Industrial” and “NRB Industrial Bearings” in which the word NRB is used in a red color combination, stylization, font and pattern. NIBL shall be entitled to the continued usage of the same in terms of the scheme of demerger and the word ‘NRB” attached to Industrial only in red colour specified in the scheme of demerger, strictly in the manner, font, styling and colour in accordance with the terms detailed in the Agreement and with related restrictions at all times. At any point of time, if there is a change of control of NIBL, the aforesaid right to use shall be discontinued and shall be revoked in accordance with the terms detailed in the Agreement; (b) immediate release by NIBL of the right to use the immovable property of the Parent Company situated at 2nd and 3rd floor, Dhannur, 15 Sir P M Road, Fort, Mumbai 400 001 along with granting vacant possession of the same and the shifting of their registered office by NIBL, in accordance with the terms detailed in the Agreement; and (c) non-solicitation of each other’s employees by both entities in accordance with the terms detailed in the Agreement. (ii) Further, the Parent Company had also received an intimation of a proposed realignment of shares within the “Promoter / Promoter Group” as contemplated under the Memorandum Recording Family Settlement dated 20 January 2025 that would result in the realignment of shares held in the Company and a realignment of the beneficial interest in the Trilochan Singh Sahney Trust 1 which holds shares in the Company. Such change is not expected to have any impact on the statement of the Parent Company for the current period or the subsequent period in which such transactions would be executed. The Parent Company had made a payment to NIBL of INR 5,512 lakhs on 14 February 2025, upon completion of conditions precedent as specified in the Agreement, which is classified as an exceptional loss for the year ended 31 March 2025. 7 Pursuant to the Board Meeting held on 22 January 2022, the Company had paid Voluntary Retirement Scheme (VRS) amounting to Rs. 64 lakhs during the quarter ended 31 March 2022 to the workmen at the Thane plant in accordance with VRS Scheme approved by the Board of Directors of the Company. 8 The authorised share capital of the Parent Company, which earlier comprised of 100,000,000 equity shares of INR 2 each, aggregating to INR 2,000 lakhs has been increased to 200,000,000 equity shares of INR 2 each, aggregating to INR 4,000 lakhs. This increase in authorised share capital was approved by the Board of Directors of the Parent Company in the board meeting held on 7 August 2025 and shareholders of the Parent Company in the Annual General Meeting held on 11 September 2025, respectively. 9 During the quarter ended 30 September 2025, the Parent Company has paid a final dividend of INR 4.30 per share (215percentage) on face value of INR 2 per share each post receiving shareholder's approval in Annual General Meeting held on 11 September 2025, which was in line with dividend recommended by the Board of Directors of the Parent Company for the financial year 2024-25. 10 The Board of Directors of the Parent Company in its meeting held on 24 October 2025, has declared an interim dividend of INR 2.50 per equity share (125percentage) of face value of INR 2 each. This interim dividend stands unpaid as at 10 November 2025. 11 The Board of Directors of the Parent Company in its meeting held on 24 October 2025 have given in principal approval to acquire minimum 99percentage of the shares of Sahney Bearings Private Limited from one of the promoter’s of the Company on an arm’s length basis. 12 The statement of cash flows has been prepared under the indirect method as set out in Indian Accounting Standard (Ind AS) 7 - Statement of Cash Flows. 13 Operating segments are reported in a manner consistent with the integral reporting provided to the Chief Operating Decision Maker (CODM). The CODM regularly monitors and reviews the operating result of the whole group as one segment Bearing. Thus, as defined under Ind AS 108 Operating Segments, the Group's entire business falls under one operational segment. For and on behalf of the Board of Directors Place : Mumbai (Ms) Harshbeena Zaveri Date : 10 November 2025 Vice Chairman & Managing Director



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 39,398.00
Capital work-in-progress 3,666.00
Investment property 0.00
Goodwill 48.00
Other intangible assets 195.00
Intangible assets under development 21.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 2,674.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets 797.00
Total non-current financial assets 3,471.00
Deferred tax assets (net) 4,333.00
Other non-current assets 422.00
Total non-current assets 51,554.00
2 Current assets
Inventories 46,494.00
Current financial asset
Current investments 3,710.00
Trade receivables, current 22,974.00
Cash and cash equivalents 2,919.00
Bank balance other than cash and cash equivalents 580.00
Loans, current 32.00
Other current financial assets 34.00
Total current financial assets 30,249.00
Current tax assets (net) 71.00
Other current assets 4,709.00
Total current assets 81,523.00
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 1,33,077.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,938.00
Other equity 93,487.00
Total equity attributable to owners of parent 95,425.00
Non controlling interest 1,902.00
Total equity 97,327.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 138.00
Total non-current financial liabilities 138.00
Provisions, non-current 0.00
Deferred tax liabilities (net) 1,847.00
Deferred government grants, Non-current 0.00
Other non-current liabilities 0.00
Total non-current liabilities 1,985.00
Current liabilities
Current financial liabilities
Borrowings, current 13,058.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 2,376.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 9,716.00
Total Trade payable 12,092.00
Other current financial liabilities 3,772.00
Total current financial liabilities 28,922.00
Other current liabilities 2,650.00
Provisions, current 1,454.00
Current tax liabilities (Net) 739.00
Deferred government grants, Current 0.00
Total current liabilities 33,765.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 35,750.00
Total equity and liabilites 1,33,077.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss (26.00) (70.00)
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss (321.00) (434.00)
5 Total Other comprehensive income 347.00 504.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 9,738.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 507.00
Adjustments for decrease (increase) in inventories (2,717.00)
Adjustments for decrease (increase) in trade receivables, current (813.00)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 2,383.00
Adjustments for decrease (increase) in other non-current assets (4.00)
Adjustments for other financial assets, non-current (411.00)
Adjustments for other financial assets, current 59.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 1,954.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 1,301.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 2,625.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current (4.00)
Adjustments for other financial liabilities, current (196.00)
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (272.00)
Adjustments for dividend income (8.00)
Adjustments for interest income (12.00)
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 523.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (242.00)
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 450.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 5,163.00
Net cash flows from (used in) operations 14,901.00
Dividends received 8.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 2,458.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 12,451.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 7.00
Purchase of property, plant and equipment 4,286.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 8.00
Interest received 12.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 13.00
Net cash flows from (used in) investing activities (4,246.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 5,390.00
Payments of lease liabilities 113.00
Dividends paid 4,622.00
Interest paid 507.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 376.00
Net cash flows from (used in) financing activities (10,256.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (2,051.00)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents (386.00)
Net increase (decrease) in cash and cash equivalents (2,437.00)
Cash and cash equivalents cash flow statement at beginning of period 5,356.00
Cash and cash equivalents cash flow statement at end of period 2,919.00