5303672025-01-012025-03-315303672025-03-315303672024-03-315303672024-04-012025-03-315303672025-01-012025-03-31in-capmkt:OtherExpenses1Member5303672025-01-012025-03-31in-capmkt:OtherExpenses2Member5303672025-01-012025-03-31in-capmkt:OtherExpenses3Member5303672025-01-012025-03-31in-capmkt:OtherExpenses4Member5303672025-01-012025-03-31in-capmkt:OtherExpenses5Member5303672025-01-012025-03-31in-capmkt:OtherExpenses6Member5303672025-01-012025-03-31in-capmkt:OtherExpenses7Member5303672025-01-012025-03-31in-capmkt:OtherExpenses8Member5303672025-01-012025-03-31in-capmkt:OtherExpenses9Member5303672025-01-012025-03-31in-capmkt:OtherExpenses10Member5303672024-04-012025-03-31in-capmkt:OtherExpenses1Member5303672024-04-012025-03-31in-capmkt:OtherExpenses2Member5303672024-04-012025-03-31in-capmkt:OtherExpenses3Member5303672024-04-012025-03-31in-capmkt:OtherExpenses4Member5303672024-04-012025-03-31in-capmkt:OtherExpenses5Member5303672024-04-012025-03-31in-capmkt:OtherExpenses6Member5303672024-04-012025-03-31in-capmkt:OtherExpenses7Member5303672024-04-012025-03-31in-capmkt:OtherExpenses8Member5303672024-04-012025-03-31in-capmkt:OtherExpenses9Member5303672024-04-012025-03-31in-capmkt:OtherExpenses10Member5303672025-01-012025-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares530367NRBBEARINGNOTLISTEDINE349A01021NRB Bearing LimitedMain BoardEquity2024-04-012025-03-312025-05-142025-05-07INRLakhsQuarterlyFourth quarterSingle segmentBearings2025-05-1412:20:002025-05-1417:50:00trueCash Flow IndirectDeclaration of unmodified opinion2025-01-012025-03-31AuditedConsolidated32929000002930000033222000001215000000086500000492800000242000001242000008960000002838700000483500000-4762000007300000184000002300000207000000-134000000000-13400000-28300000-41700000-208000007400000-2830000001938000002-0.21-0.2100-0.21-0.211 The 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 2025 <BR> <BR> 2 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 <BR> <BR> 3 The 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 authority Pending conclusion of the aforesaid matter the amount of penalty if any that may be levied is not ascertainable However the 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 delay <BR> <BR> 4 Exceptional items loss gain net <BR> INR in lakhs Particulars Quarter ended Year ended <BR> 31 03 2025 31 12 2024 31 03 2024 31 03 2025 31 03 2024 <BR> Unaudited Audited Audited <BR> Refer note 12 Refer note 12 <BR> <BR> i Waluj fire impact also refer note 5 <BR> Loss of inventories due to fire 1658 <BR> Impairment loss reversal allowance on property plant and equipments damaged due to fire <BR> a Plant and equipments and other accessories 348 <BR> b Building and other civil structures 70 <BR> Claim received from insurance company 750 1051 750 3051 <BR> <BR> II Gain on sale of land and building net also refer note 6 17768 <BR> <BR> iii Reversal of input tax credit under section 16 of CGST Act 2017 refer note 7 <BR> a On loss of inventories due to fire 394 394 <BR> b On brokerage paid for sale of land and building at Thane 33 33 <BR> <BR> iv Compensation pursuant to inter company agreement refer note 8 5512 5512 <BR> <BR> 4762 427 1051 5189 18743 <BR> <BR> 5 A 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 <BR> <BR> During 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 3051 lakhs ie INR 1801 lakhs as final payment against inventories and INR 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 <BR> <BR> Additionally 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 <BR> <BR> 6 The 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 19605 lakhs adjusted by incidental expenses of INR 1784 lakhs being stamp duty and brokerage expenses resulting into a net gain pre tax of INR 17768 lakhs The related tax liability on this gain was INR 2689 lakhs and consequently the post tax gain amounted to INR 15079 lakhs which forms part of profit after tax These gains were classified as an exceptional item for the year ended 31 March 2024 <BR> <BR> 7 During 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 <BR> <BR> 8 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 <BR> <BR> 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 <BR> <BR> 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 <BR> <BR> c non solicitation of each others employees by both entities in accordance with the terms detailed in the Agreement <BR> <BR> 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 <BR> <BR> The Parent Company has made a payment to NIBL of INR 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 <BR> <BR> 9 Operating 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 Groups entire business falls under one operational segment <BR> <BR> 10 The Parent Companys Board of Directors have recommended final equity dividend of INR 4 3 per share 215 Percent 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 <BR> <BR> 11 The 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 125 Percent of face value of INR 2 each This interim dividend was paid on 25 October 2024 <BR> <BR> 12 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 <BR> <BR> 2024-04-012025-03-31AuditedConsolidated119861000002464000001223250000046159000000-8690000019153000001108000004758000003549400000105803000001652200000-5189000001133300000335500000-25400000310100000082320000000008232000003050000085370000079440000028800000305000000193800000289879000008.28.2008.28.2Consumption of stores and spare parts195500000Processing charges36000000Power and fuel120000000Insurance13700000Forwarding charges90800000Legal and professional fees61600000Travelling and conveyance22700000Information technology expenses9800000Contract labour132800000Miscellaneous expenses213100000Consumption of stores and spare parts780600000Processing charges156700000Power and fuel501900000Insurance69600000Forwarding charges414400000Legal and professional fees228100000Travelling and conveyance87000000Information technology expenses57300000Contract labour510000000Miscellaneous expenses7438000003737500000393600000048000002320000021000000023480000000381600000616400000477760000043725000003448000002155700000535600000243000001700000240000030645000005570000072610000082188000000012996400000193800000898790000091817000001829000009364600000100000180000001810000001858000000020390000018399000001733000008639000001037200000299500000317660000013500000011630000000342790000000363180000012996400000110800000-262500000-4326000000149000001410000020400000-50000008680000008200000-7000004758000000-2520000011320000081600000068900000-1500000-12800000012700000000003002000001433500000-150000000388300000-206800000836900000002480000013310000000006900000819000000000000000000000001500000128000005700000314000000-59780000000000000370330000036308000002270000018400000867000000-230600000-285900000-46800000-5500000-52300000587900000535600000167000001330000011600000-43800000-2830000030500000AuditedtrueWalker Chandiok & Co LLPtrue2028-05-31