5303672026-04-012026-06-305303672026-04-012026-06-30in-capmkt:OtherExpenses1Member5303672026-04-012026-06-30in-capmkt:OtherExpenses2Member5303672026-04-012026-06-30in-capmkt:OtherExpenses3Member5303672026-04-012026-06-30in-capmkt:OtherExpenses4Member5303672026-04-012026-06-30in-capmkt:OtherExpenses5Member5303672026-04-012026-06-30in-capmkt:OtherExpenses6Member5303672026-04-012026-06-30in-capmkt:OtherExpenses7Member5303672026-04-012026-06-30in-capmkt:OtherExpenses8Member5303672026-04-012026-06-30in-capmkt:OtherExpenses9Member5303672026-04-012026-06-30in-capmkt:OtherExpenses10Member5303672026-04-012026-06-30AuditorDomain1iso4217:INRiso4217:INRxbrli:shares530367NRBBEARINGNOTLISTEDINE349A01021NRB Bearing LimitedMain BoardEquity2026-04-012027-03-312026-08-072026-08-04INRLakhsQuarterlyFirst quarterSingle segmentBearing2026-08-0716:00:002026-08-0718:32:00Declaration of unmodified opinion2026-04-012026-06-30UnauditedConsolidated36953000005470000037500000001386100000083600000568200000201000001835000001020800000326230000048770000026500000514200000148500000-119000001366000000377600000000037760000082000003858000003684000009200000376700000910000019380000023.83.8003.83.8NRB Bearings Limited <br /> Notes <br /> <br /> 1. The above unaudited 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 07 August 2026. The auditors have carried out a limited review of this statement for the quarter ended 30 June 2026. <br /> <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. The statement includes the unaudited financial results of the Parent Company and its 4 subsidiaries together referred to as the Group 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 /> <br /> 3. The outstanding balances as at 30 June 2026 of the Parent Company include trade receivables amounting to 2512 lakhs pertaining to customers situated outside India. These balances are pending for settlement adjustments and have resulted in delays in receipt beyond the timeline stipulated by the FED Master Direction No. 16 2015 16 as amended under the Foreign Exchange Management Act 1999. The Parent Company is in the process of 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 management believes that the exposure is not expected to be material. Accordingly the accompanying statement does not include any consequential adjustments that may arise due to such delay. <br /> <br /> 4. Exceptional items gain loss net <br /> <br /> in lakhs <br /> <br /> Particulars <br /> <br /> Quarter ended 30.06.2026 Unaudited <br /> <br /> Quarter ended 31.03.2026 Unaudited <br /> <br /> Quarter ended 30.06.2025 Unaudited <br /> <br /> Year ended 31.03.2026 Audited <br /> <br /> Claim received from Insurance company on account of Waluj fire refer note 5 <br /> <br /> 265 <br /> <br /> 0 <br /> <br /> 0 <br /> <br /> 621 <br /> <br /> Statutory impact of new labour codes refer note 6 <br /> <br /> 0 <br /> <br /> 0 <br /> <br /> 0 <br /> <br /> 1324 <br /> <br /> Total <br /> <br /> 265 <br /> <br /> 0 <br /> <br /> 0 <br /> <br /> 703 <br /> <br /> 5. A fire incident had occurred at one of the Parent Company plants situated at Waluj Aurangabad on 08 May 2023 wherein the Parent Company had made an assessment of loss amounting to 2076 lakhs with respect to the damage caused to inventories plant and equipment and other accessories buildings and other civil structures. The Parent Company believed it has adequate insurance coverage to cover these losses. <br /> <br /> The management of the Parent Company had filed a claim with the surveyor to recover operational losses caused due to fire wherein the Insurance Company had disbursed 621 lakhs during the year ended 31 March 2026 which is classified as an exceptional gain for the year ended 31 March 2026. Additionally a disbursement of 265 lakhs was sanctioned by the Insurance Company on 30 June 2026 which has been classified as an exceptional gain for the quarter ended 30 June 2026. This was subsequently received on 29 July 2026. <br /> <br /> 6. Effective 21 November 2025 the Government of India had consolidated multiple existing labour legislations into a unified framework comprising four Labour Codes Code on Wages 2019 Industrial Relations Code 2020 Code on Social Security 2020 and Occupational Safety Health and Working Conditions Code 2020. As per the evaluation done by the Parent Company on the basis of the information and guidance available as on date the Parent Company had considered and recorded the statutory impact due to the change in definition of wages as per the new labour codes of 1018 lakhs on account of gratuity and 306 lakhs on account of long term compensated absences under exceptional items for the year ended 31 March 2026. <br /> <br /> 7. The Board of Directors of the Parent Company in their meeting held on 07 May 2026 had declared an interim dividend of 2.25 per share 112.5 on the face value of 2 each. The interim dividend was paid on 11 May 2026. <br /> <br /> 8. Mahant Tool Room Private Limited MTRPL a wholly owned subsidiary of the Parent Company was incorporated on 30 December 2025 to support the Company aerospace business strategy. Pursuant to a Business Transfer Agreement dated 27 January 2026 MTRPL agreed to acquire the business undertaking of Ms Mahant Tool Room Bengaluru for a consideration of 3750 lakhs. The long stop date for completion of the transaction was mutually extended to 27 July 2026. <br /> <br /> To facilitate the proposed acquisition the Parent Company had extended an inter corporate deposit ICD of 700 lakhs to MTRPL during the year ended 31 March 2026 carrying interest at 6.90 per annum and containing an option for conversion into equity. <br /> <br /> During the quarter ended 30 June 2026 the Parent Company exercised the conversion option and converted an aggregate amount of 715 lakhs comprising principal and accrued interest into equity share capital of MTRPL. The conversion was effected at a valuation of 29688 per equity share based on a valuation report issued by an independent registered valuer resulting in the allotment of 2409 equity shares to the Parent Company. MTRPL subsequently filed the requisite return of allotment Form PAS 3 with the Registrar of Companies on 04 June 2026. <br /> <br /> Further pursuant to the terms of the Business Transfer Agreement MTRPL received a satisfaction notice in respect of the conditions precedent from the transferor on 12 June 2026. Following verification and confirmation of such conditions by the relevant personnel the parties mutually agreed on 10 July 2026 as the completion date for the transaction. <br /> <br /> To enable MTRPL to discharge the balance consideration payable under the acquisition the Parent Company made an additional equity investment of 3050 lakhs in MTRPL during the subsequent period by subscribing to equity shares at the same valuation determined by the independent registered valuer. <br /> <br /> 9. Pursuant to the Joint Venture Agreement the Agreement dated 30 November 2025 entered into between the Parent Company and Unitec Srl part of the Mondial Group Italy for the manufacture of a new range of Cylindrical Roller Bearings CRBs for the industrial business segment the Parent Company incorporated NRB Unitec Friction Solutions Private Limited as a wholly owned subsidiary on 22 April 2026. <br /> <br /> In line with the agreed structure the Board of Directors of the Parent Company at their meeting held on 07 May 2026 approved the transfer of 2500 equity shares of 10 each representing 25 of the paid up equity share capital of NRB Unitec Friction Solutions Private Limited to Unitec Srl subject to the terms of the Agreement and completion of the requisite formalities. <br /> <br /> As at 30 June 2026 the aforesaid share transfer had not been completed and accordingly NRB Unitec Friction Solutions Private Limited continued to remain a wholly owned subsidiary of the Parent Company. <br /> <br /> 10. 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 Group entire business falls under one operating segment. <br /> <br /> 11. The figures for the quarter ended 31 March 2026 are the balancing figures between audited figures for the financial year ended 31 March 2026 and published year to date figures up to the end of the third quarter of the said financial year which were subject to a limited review by the statutory auditors. <br /> <br /> For and on behalf of the Board of Directors <br /> <br /> Place Mumbai <br /> <br /> Ms Harshbeena Zaveri <br /> Vice Chairman Managing Director <br /> <br /> Date 07 August 2026Consumption of stores and spare parts233900000Processing charges47000000Power and fuel171900000Insurance7400000Forwarding charges98100000Legal and professional fees52800000Travelling and conveyance27400000Information technology expenses15700000Contract labour152700000Miscellaneous expenses2139000005400000-136000008200000UnauditedtrueWalker Chandiok & Co LLPtrue2028-05-31