5303672025-04-012025-06-305303672025-04-012025-06-30in-capmkt:OtherExpenses1Member5303672025-04-012025-06-30in-capmkt:OtherExpenses2Member5303672025-04-012025-06-30in-capmkt:OtherExpenses3Member5303672025-04-012025-06-30in-capmkt:OtherExpenses4Member5303672025-04-012025-06-30in-capmkt:OtherExpenses5Member5303672025-04-012025-06-30in-capmkt:OtherExpenses6Member5303672025-04-012025-06-30in-capmkt:OtherExpenses7Member5303672025-04-012025-06-30in-capmkt:OtherExpenses8Member5303672025-04-012025-06-30in-capmkt:OtherExpenses9Member5303672025-04-012025-06-30in-capmkt:OtherExpenses10Member5303672025-04-012025-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15303672025-04-012025-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss25303672025-04-012025-06-30ItemsThatWillBeReclassifiedToProfitAndLoss15303672025-04-012025-06-30ItemsThatWillBeReclassifiedToProfitAndLoss2iso4217:INRiso4217:INRxbrli:shares530367NRBBEARINGNOTLISTEDINE349A01021NRB Bearing LimitedMain BoardEquity2025-04-012026-03-312025-08-072025-07-31INRLakhsQuarterlyFirst quarterSingle segmentBearings2025-08-0714:30:002025-08-0718:05:00Not applicable2025-04-012025-06-30UnauditedConsolidated310050000094100000319460000012562000000-72700000492700000285000001298000009101000002744600000450000000045000000097100000248000001219000000328100000000032810000015700000343800000320900000720000015700000019380000023.313.31003.313.31Notes <BR> 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 07 August 2025 The auditors have carried out a limited review of this statement for the quarter ended 30 June 2025 <BR> 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 <BR> 3 The outstanding balances as at 30 June 2025 of the Parent Company includes trade receivables amounting to INR 2233 lakhs and trade payables amounting to INR 118 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 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> 4 Exceptional items loss net <BR> INR in lakhs <BR> Particulars Quarter ended Year ended <BR> 30062025 31032025 30062024 31032025 <BR> Unaudited Unaudited Unaudited Audited <BR> Refer note 9 <BR> i Claim received from insurance company on account of fire also refer note 5 750 750 <BR> 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 <BR> iii Compensation pursuant to intercompany agreement refer note 7 5512 5512 4762 5189 <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> During the quarter and 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 is classified as an exceptional gain for the quarter and year ended 31 March 2025 <BR> 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 <BR> 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 202324 which are classified as an exceptional item for the year ended 31 March 2025 <BR> 7 i The Committee of Directors of the Parent Company at its meeting held on 20 January 2025 had approved the execution of an InterCompany 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 nonsolicitation of each others employees by both entities in accordance with the terms detailed in the Agreement <BR> 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 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> 8 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 Groups entire business falls under one operational segment <BR> 9 The figures for the quarter ended 31 March 2025 are the balancing figures between audited figures for the financial year ended 31 March 2025 and the published year to date figures upto end of the third quarter of the said financial year which were subjected to a limited review by the statutory auditors <BR> Place Mumbai Ms Harshbeena Zaveri <BR> Date 07 August 2025 Vice Chairman Managing DirectorConsumption of stores and spare parts208500000Contract labour127800000Power and fuel122000000Forwarding charges92200000Fair valuation loss on financial assets measured at FVTPL62100000Legal and professional fees49400000Processing charges34000000Commission on sales29600000Travelling and conveyance27300000Miscellaneous expenses157200000Actuarial gain on remeasurements of the net defined benefit plans-2500000Fair value changes on equity instruments through other comprehensive income690000044000000Exchange differences in translating the financial statements of a foreign operation's16200000Remeasurement of gains on derivative hedging instruments-64000009800000-150000015700000