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-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	14-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	07-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Bearings
Start date and time of board meeting	14-May-2025   12:20:00
End date and time of board meeting	14-May-2025   17:50:00
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
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	No
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2022-02-14
Indicate Company website link for updated RPT policy of the Company	https://www.nrbbearings.com/disclosures.htm
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
No Default on loans and Debt securities as on 31/03/25

Financial Results Ind-AS
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	2949400000	10775200000
	Other income	41200000	273900000
	Total income	2990600000	11049100000
2	Expenses
(a)	Cost of materials consumed	1240200000	4788400000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	109000000	149200000
(d)	Employee benefit expense	354900000	1361600000
(e)	Finance costs	16400000	84600000
(f)	Depreciation, depletion and amortisation expense	102000000	401100000
(f)	Other Expenses
1	Consumption of stores and spare parts	155800000	646400000
2	Power and fuel	101500000	427500000
3	Insurance	10900000	59700000
4	Travelling and conveyance	20000000	69700000
5	Legal and professional fees	48600000	182400000
6	Forwarding charges	71600000	330300000
7	Information technology expenses	9500000	55800000
8	Contract labour	132900000	510000000
9	Expenditure on corporate social responsibility (refer note 54)	5700000	22800000
10	Miscellaneous expenses	182100000	642400000
	Total other expenses	738600000	2947000000
	Total expenses	2561100000	9731900000
3	Total profit before exceptional items and tax	429500000	1317200000
4	Exceptional items	-476200000	-518900000
5	Total profit before tax	-46700000	798300000
6	Tax expense
7	Current tax	-500000	233800000
8	Deferred tax	4900000	-22300000
9	Total tax expenses	4400000	211500000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	-51100000	586800000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	-51100000	586800000
17	Other comprehensive income net of taxes	-18900000	-19800000
18	Total Comprehensive Income for the period	-70000000	567000000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	193800000	193800000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		0
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-0.53	6.06
	Diluted earnings (loss) per share from continuing operations	-0.53	6.06
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	-0.53	6.06
	Diluted earnings (loss) per share from continuing and discontinued operations	-0.53	6.06
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1 The above standalone financial results statement of NRB Bearings Limited the Company were reviewed and recommended by the Audit Committee and were thereafter approved by the Board of Directors at their respective meetings held on 14 May 2025 The auditors have carried out an audit of this statement for the year ended 31 March 2025 n2 The statement is prepared in accordance with the recognition and measurement principles laid down under Indian Accounting Standards Ind AS prescribed under Section 133 of the Companies Act 2013 the Act read with Companies Indian Accounting Standards Rules 2015 as amended and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of SEBI Listing Obligations and Disclosure Requirements Regulations 2015 as amended n3 The outstanding balances as at 31 March 2025 includes trade receivables amounting to 2127 lakhs and trade payables amounting to 301 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 16201516 and FED Master Direction No 17201617 respectively under the Foreign Exchange Management Act 1999 The 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 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 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 n4 Exceptional Items n4 Exceptional items loss gain net nin lakhs nParticulars Quarter ended Year ended n31032025 31122024 31032024 31032025 31032024 nUnaudited Audited Audited nRefer note 13 Refer note 13 ni Gain on sale of investment in subsidiary also refer note 5 2295 nii Waluj fire impact also refer note 6 nLoss of inventories due to fire 1658 nImpairment loss reversal allowance on property plant and equipments damaged due to fire na Plant and equipments and other accessories 348 nb Building and other civil structures 70 nClaim received from insurance company 750 1051 750 3051 niii Gain on sale of land and building net also refer note 7 17768 niv Reversal of input tax credit under section 16 of CGST Act 2017 refer note 8 na On loss of inventories due to fire 394 394 nb On brokerage paid on sale of land building at Thane 33 33 nv Compensation pursuant to intercompany agreement refer note 9 5512 5512 n4762 427 1051 5189 21038 n5 The Committee of Directors constituted by the Board at its meeting held on 28 January 2023 had approved the execution of the share purchase agreement with its wholly owned Subsidiary NRB Holdings Limited for transfer of 100Percent of its share holding in the Companys other wholly owned subsidiary NRB Bearing Thailand Limited at a consideration of 4708 lakhs as a result of which the latter has become wholly owned step down subsidiary of the Company w e f 1 April 2023 The Company had recognised a surplus of 2295 lakhs on such transfer of shareholding which is classified as an exceptional gain for year ended 31 March 2024 n6 A fire incident had occurred at one of the Companys plant situated at Waluj Aurangabad on 8 May 2023 wherein the Company had made an assessment of loss amounting to 2076 lakhs with respect to the damage caused to inventories plant and equipments and other accessories buildings and other civil structures The Company believes it has adequate insurance coverage to cover these losses nDuring the quarter and year ended 31 March 2025 the Insurance Company has disbursed a total amount of 750 lakhs as an interim payment against plant and equipments and other accessories buildings and other civil structures 31 March 2024 3051 lakhs ie 1801 lakhs as final payment against inventories and 1250 lakhs as an interim payment against plant and equipments and other accessories buildings and other civil structures which is classified as an exceptional gain for the quarter and year ended 31 March 2025 nAdditionally the management of the Company has 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 n7 The Board of Directors at its meeting held on 22 January 2022 had approved sale transfer disposal of freehold land and building situated at 2nd Pokhran Road Majiwade Thane400 610 Maharashtra During the year ended 31 March 2024 the Company disposed the said freehold land and building having WDV of 53 lakhs at an agreed consideration of 19605 lakhs adjusted by incidental expenses of 1784 lakhs being stamp duty and brokerage expenses resulting into a net gain pretax of 17768 lakhs The related tax liability on this gain was 2689 lakhs and consequently the post tax gain amounted to 15079 lakhs which forms part of profit after tax These gains were classified as an exceptional item for the year ended 31 March 2024 n8 During the quarter ended 31 December 2024 the Company had reversed the input tax credit amounting to 394 lakhs and 33 lakhs on account of loss of inventories due to fire and brokerage paid for sale of land and building at Thane respectively These credits have been 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 202324 which are classified as an exceptional item for the quarter ended 31 December 2024 and the year ended 31 March 2025 nNRB BEARINGS LIMITED nPART IV Notes Parts I to III continued n9 i The Committee of Directors at its meeting held on 20 January 2025 have approved the execution of an InterCompany Agreement Agreement dated 20 January 2025 between the Company and NRB Industrial Bearings Limited NIBL a related party which mainly covers the following na As per the scheme of demerger dated 24 August 2012 executed between the 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 nb immediate release by NIBL of the right to use the immovable property of the 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 nc nonsolicitation of each others employees by both entities in accordance with the terms detailed in the Agreement nii Further the Company has 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 Company for the current period or the subsequent period in which such transactions would be executed nThe Company has made a payment to NIBL of 5512 lakhs on 14 February 2025 upon completion of conditions precedent as specified in the Agreement which is classified as an exceptional item for the quarter and year ended 31 March 2025 n10 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 Company as one segment Bearing Thus as defined under Ind AS 108 Operating Segments the Companys entire business falls under one operational segment n11 The Board of Directors has recommended final equity dividend of 43 per share 215Percent previous year Nil per share of face value 2 per share for the financial year 20242025 The payment of dividend is subject to shareholders approval at the ensuing Annual General Meeting n12 The Board of Directors in its meeting held on 4 October 2024 had declared an interim dividend of 250 per equity share 125Percent of face value of 2 each This interim dividend was paid on 25 October 2024 n13 The figures for the quarters ended 31 March 2025 and 31 March 2024 are the balancing figures between audited figures in respect of full financial year and the year to date figures upto end of the third quarter of the respective financial years which were subjected to a limited review by the statutory auditors n n

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	2829500000
	Capital work-in-progress	186900000
	Investment property	0
	Goodwill	0
	Other intangible assets	20800000
	Intangible assets under development	900000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	350800000
	Trade receivables, non-current	0
	Loans, non-current	548200000
	Other non-current financial assets	47700000
	Total non-current financial assets	946700000
	Deferred tax assets (net)	294200000
	Other non-current assets	36000000
	Total non-current assets	4315000000
2	Current assets
	Inventories	2929400000
	Current financial asset
	Current investments	0
	Trade receivables, current	2454200000
	Cash and cash equivalents	399700000
	Bank balance other than cash and cash equivalents	16300000
	Loans, current	1600000
	Other current financial assets	9600000
	Total current financial assets	2881400000
	Current tax assets (net)	116600000
	Other current assets	785500000
	Total current assets	6712900000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	11027900000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	193800000
	Other equity	8596000000
	Total equity attributable to owners of parent	8789800000
	Non controlling interest
	Total equity	8789800000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	7800000
	Total non-current financial liabilities	7800000
	Provisions, non-current	0
	Deferred tax liabilities (net)	31000000
	Deferred government grants, Non-current	0
	Other non-current liabilities	169400000
	Total non-current liabilities	208200000
	Current liabilities
	Current financial liabilities
	Borrowings, current	708100000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	170900000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	644300000
	Total Trade payable	815200000
	Other current financial liabilities	273900000
	Total current financial liabilities	1797200000
	Other current liabilities	121800000
	Provisions, current	110900000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	2029900000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	2238100000
	Total equity and liabilites	11027900000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
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
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	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	16600000	13200000
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	2300000	6600000
5	Total Other comprehensive income	-18900000	-19800000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			798300000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			84600000
	Adjustments for decrease (increase) in inventories			-36700000
	Adjustments for decrease (increase) in trade receivables, current			-190000000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			91500000
	Adjustments for decrease (increase) in other non-current assets			25000000
	Adjustments for other financial assets, non-current			-20300000
	Adjustments for other financial assets, current			300000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			73000000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			10800000
	Adjustments for increase (decrease) in other non-current liabilities			-700000
	Adjustments for depreciation and amortisation expense			401100000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-22600000
	Adjustments for provisions, non-current			102000000
	Adjustments for other financial liabilities, current			69600000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-1900000
	Adjustments for dividend income			20100000
	Adjustments for interest income			63600000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			1200000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			17300000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			8000000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			528500000
	Net cash flows from (used in) operations			1326800000
	Dividends received			-20100000
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			330900000
	Other inflows (outflows) of cash			-109800000
	Net cash flows from (used in) operating activities			866000000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			9000000
	Purchase of property, plant and equipment			529100000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			245000000
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			20100000
	Interest received			63600000
	Income taxes paid (refund)			4000000
	Other inflows (outflows) of cash			224100000
	Net cash flows from (used in) investing activities	28700000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			3062300000
	Repayments of borrowings			3630500000
	Payments of lease liabilities			22500000
	Dividends paid			11300000
	Interest paid			85500000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-231000000
	Net cash flows from (used in) financing activities			-918500000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-23800000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			-6000000
	Net increase (decrease) in cash and cash equivalents			-29800000
	Cash and cash equivalents cash flow statement at beginning of period			429500000
	Cash and cash equivalents cash flow statement at end of period			399700000