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	Consolidated
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

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	Consolidated	Consolidated
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	3292900000	11986100000
	Other income	29300000	246400000
	Total income	3322200000	12232500000
2	Expenses
(a)	Cost of materials consumed	1215000000	4615900000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	86500000	-86900000
(d)	Employee benefit expense	492800000	1915300000
(e)	Finance costs	24200000	110800000
(f)	Depreciation, depletion and amortisation expense	124200000	475800000
(f)	Other Expenses
1	Consumption of stores and spare parts	195500000	780600000
2	Processing charges	36000000	156700000
3	Power and fuel	120000000	501900000
4	Insurance	13700000	69600000
5	Forwarding charges	90800000	414400000
6	Legal and professional fees	61600000	228100000
7	Travelling and conveyance	22700000	87000000
8	Information technology expenses	9800000	57300000
9	Contract labour	132800000	510000000
10	Miscellaneous expenses	213100000	743800000
	Total other expenses	896000000	3549400000
	Total expenses	2838700000	10580300000
3	Total profit before exceptional items and tax	483500000	1652200000
4	Exceptional items	-476200000	-518900000
5	Total profit before tax	7300000	1133300000
6	Tax expense
7	Current tax	18400000	335500000
8	Deferred tax	2300000	-25400000
9	Total tax expenses	20700000	310100000
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	-13400000	823200000
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	-13400000	823200000
17	Other comprehensive income net of taxes	-28300000	30500000
18	Total Comprehensive Income for the period	-41700000	853700000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	-20800000	794400000
	Total profit or loss, attributable to non-controlling interests	7400000	7400000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	-28300000	30500000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	0
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		8987900000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-0.21	8.2
	Diluted earnings (loss) per share from continuing operations	-0.21	8.2
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	-0.21	8.2
	Diluted earnings (loss) per share from continuing and discontinued operations	-0.21	8.2
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		n1tThe above consolidated 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 14 May 2025 The auditors have carried out an audit of this statement for the year ended 31 March 2025tttttt n2tThe 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 2015as amendedtttttt nttttttt n3tThe outstanding balances as at 31 March 2025 of the Parent Company includes trade receivables amounting to INR 2127 lakhs and trade payables amounting to INR 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 17 201617 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 authorityPending conclusion of the aforesaid matter the amount of penalty if any that may be levied is not ascertainable Howeverthe Parent Companys 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 delaytttttt n4tExceptional items loss gain netttttt nttttttINR in lakhstParticularstQuarter endedtttYear endedt nttt 31 03 2025 t 31 122024 t 31032024 t 31032025 t 31032024 nttttUnaudited ttAuditeDtAudited ntttRefer note 12ttRefer note 12tt nttttttt nti Waluj fire impact also refer note 5tttttt nt Loss of inventories due to firett t t t t 1 658 nt Impairment loss reversal allowance on property plant and equipments n damaged due to fire tttttt nt a Plant and equipments and other accessories tt t t t t 348 nt b Building and other civil structures tt t t t t 70 nt Claim received from insurance company tt 750 t t 1 051 t 750 t 3 051 ntII Gain on sale of land and building net also refer note 6 tt t t t t 17 768 ntiii Reversal of input tax credit under section 16 of CGST Act 2017 refer note 7 tttttt nt a On loss of inventories due to firettt 394 t t 394 t nt b On brokerage paid for sale of land and building at Thanett t 33 t t 33 t ntiv Compensation pursuant to inter company agreement refer note 8tt 5512t t t 5 512t nttttttt nttt 4 762 t 427 t 1051 t 5189 t 18 743 nttttttt n5tA fire incident had occurred at one of the Parent Companys plant situated at Waluj Aurangabad on 8 May 2023 wherein the Parent Company had made an assessment of loss amounting to INR 2076 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 n nDuring the quarter and year ended 31 March 2025 the Insurance Company has disbursed a total amount of INR 750 lakhs as an interim payment against plant and equipments and other accessories buildings and other civil structures 31 March 2024 INR 3 051 lakhs i e INR 1 801 lakhs as final payment against inventories and INR 1 250 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 n nAdditionally the management of the Parent Company has filed a claim with the surveyor to recover operational losses caused due to fire The claim is under discussion and will be recognized when the recoverability is reasonably ascertained tttttt nttttttt n6tThe Board of Directors of the Parent Company at its meeting held on 22 January 2022 had approved sale transfer disposal of freehold land and building situated at 2nd Pokhran Road Majiwade Thane 400 610 Maharashtra During the year ended 31 March 2024 the Parent Company had disposed the said freehold land and building having WDV off INR 53 lakhs at an agreed consideration off INR 19 605 lakhs adjusted by incidental expenses of INR 1 784 lakhs being stamp duty and brokerage expenses resulting into a net gain pre tax of INR 17 768 lakhs The related tax liability on this gain was INR 2 689 lakhs and consequently the post tax gain amounted to INR 15 079 lakhs which forms part of profit after tax These gains were classified as an exceptional item for the year ended 31 March 2024 tttttt nttttttt n7tDuring the quarter ended 31 December 2024 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 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 2023 24 which are classified as an exceptional item for the quarter ended 31 December 2024 and the year ended 31 March 2025 tttttt nttttttt nttttttt nttttttt nttttttt n8t i The Committee of Directors of the Parent Company at its meeting held on 20 January 2025 have 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 n n 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 colour 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 n n 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 n n c non solicitation of each other s employees by both entities in accordance with the terms detailed in the Agreement n n ii Further the Parent 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 Parent Company and a realignment of the beneficial interest in the Trilochan Singh Sahney Trust 1 which holds shares in the Parent 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 n nThe Parent Company has 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 item for the quarter and year ended 31 March 2025 ttt nttttttt nttttttt n9tOperating segments are reported in a manner consistent with the internal 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 tttttt nttttttt n10tThe Parent Companys Board of Directors have recommended final equity dividend of INR 4 3 per share 215Percent previous year INR Nil per share of face value INR 2 per share for the financial year 2024 2025 The payment of dividend is subject to shareholders approval at the ensuing Annual General Meeting tttttt nttttttt n11tThe Parent Companys Board of Directors in its meeting held on 04 October 2024 had declared an interim dividend of INR 2 50 per equity share 125Percent of face value of INR 2 each This interim dividend was paid on 25 October 2024 tttttt nttttttt n12tThe 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 tttttt 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		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	3737500000
	Capital work-in-progress	393600000
	Investment property	0
	Goodwill	4800000
	Other intangible assets	23200000
	Intangible assets under development	2100000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	234800000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	381600000
	Total non-current financial assets	616400000
	Deferred tax assets (net)
	Other non-current assets
	Total non-current assets	4777600000
2	Current assets
	Inventories	4372500000
	Current financial asset
	Current investments	344800000
	Trade receivables, current	2155700000
	Cash and cash equivalents	535600000
	Bank balance other than cash and cash equivalents	24300000
	Loans, current	1700000
	Other current financial assets	2400000
	Total current financial assets	3064500000
	Current tax assets (net)	55700000
	Other current assets	726100000
	Total current assets	8218800000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	12996400000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	193800000
	Other equity	8987900000
	Total equity attributable to owners of parent	9181700000
	Non controlling interest	182900000
	Total equity	9364600000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	100000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities	18000000
	Total non-current financial liabilities	18100000
	Provisions, non-current	0
	Deferred tax liabilities (net)	185800000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	203900000
	Current liabilities
	Current financial liabilities
	Borrowings, current	1839900000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	173300000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	863900000
	Total Trade payable	1037200000
	Other current financial liabilities	299500000
	Total current financial liabilities	3176600000
	Other current liabilities	135000000
	Provisions, current	116300000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	3427900000
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	3631800000
	Total equity and liabilites	12996400000
	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		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
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	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	16700000	13300000
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	11600000	-43800000
5	Total Other comprehensive income	-28300000	30500000

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			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			1133300000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			110800000
	Adjustments for decrease (increase) in inventories			-262500000
	Adjustments for decrease (increase) in trade receivables, current			-432600000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			14900000
	Adjustments for decrease (increase) in other non-current assets			14100000
	Adjustments for other financial assets, non-current			20400000
	Adjustments for other financial assets, current			-500000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			86800000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			8200000
	Adjustments for increase (decrease) in other non-current liabilities			-700000
	Adjustments for depreciation and amortisation expense			475800000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-25200000
	Adjustments for provisions, non-current			113200000
	Adjustments for other financial liabilities, current			81600000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			68900000
	Adjustments for dividend income			-1500000
	Adjustments for interest income			-12800000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			12700000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			300200000
	Net cash flows from (used in) operations			1433500000
	Dividends received			-1500000
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			388300000
	Other inflows (outflows) of cash			-206800000
	Net cash flows from (used in) operating activities			836900000
	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			24800000
	Other cash payments to acquire equity or debt instruments of other entities			133100000
	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			6900000
	Purchase of property, plant and equipment			819000000
	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			0
	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			1500000
	Interest received			12800000
	Income taxes paid (refund)			5700000
	Other inflows (outflows) of cash			314000000
	Net cash flows from (used in) investing activities	-597800000
	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			3703300000
	Repayments of borrowings			3630800000
	Payments of lease liabilities			22700000
	Dividends paid			18400000
	Interest paid			86700000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-230600000
	Net cash flows from (used in) financing activities			-285900000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-46800000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			-5500000
	Net increase (decrease) in cash and cash equivalents			-52300000
	Cash and cash equivalents cash flow statement at beginning of period			587900000
	Cash and cash equivalents cash flow statement at end of period			535600000