NRB Bearings Q2 FY27 Results: Consolidated Net Profit ₹37.76 Crore on Total Income of ₹390 Crore
- Earnings
- bearings manufacturing
Reviewed byKeshav SehgalBlacklitt Research
NRB Bearings (NSE: NRBBEARING) reported total income of ₹390.49 crore and net profit of ₹37.76 crore on a consolidated basis for the quarter ended 30 Sep 2026, it said in a filing on 04 Nov 2026. Standalone total income was ₹348.05 crore and standalone profit after tax ₹31.76 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹390.49 crore, up 15.0% YoY and 4.1% QoQ
- Net profit: ₹37.76 crore, down 8.8% YoY and up 4.2% QoQ; ₹35.44 crore attributable to owners of the parent
- EPS: ₹3.66 basic, after exceptional items, against ₹4.19 a year earlier
- Depreciation: ₹19.58 crore, up 47.6% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹348.05 crore, up 13.2% YoY and 6.1% QoQ
- Net profit: ₹31.76 crore profit after tax, down 12.9% YoY and 8.7% QoQ
- EPS: ₹3.28 basic, against ₹3.76 a year earlier
- Interim dividend: ₹2.50 per share (125%) on ₹2 face value, record date 11 Nov 2026
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 390 | 340 | +15.0% | 375 | +4.1% | |
| Revenue from operations | 386 | 325 | +18.8% | 370 | +4.6% |
| Other income | 4 | 14 | -71.1% | 5 | -24.5% |
| 38 | 41 | -8.8% | 36 | +4.2% | |
| Profit before tax | 51 | 52 | -1.8% | 49 | +5.6% |
| Finance costs | 3 | 2 | +25.2% | 2 | +38.3% |
| Depreciation | 20 | 13 | +47.6% | 18 | +6.7% |
| Tax expense | 14 | 11 | +24.5% | 12 | +9.8% |
| Net profit margin | 9.67% | 12.20% | -2.53 pp | 9.66% | +0.01 pp |
| EPS, basic (₹) | 3.66 | 4.19 | -12.6% | 3.80 | -3.7% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Total income rose 15.0% year on year, but net profit fell 8.8%.
Depreciation rose from ₹13.27 crore to ₹19.58 crore, and finance costs from ₹2.22 crore to ₹2.78 crore. Tax expense of ₹13.66 crore is 26.6% of profit before tax of ₹51.42 crore. The filing does not give a reason for the rise in depreciation.
The statement classifies a ₹2.65 crore insurance claim on the Waluj fire as an exceptional gain in the quarter ended 30 Jun 2026, and the ₹13.24 crore labour code statutory impact as an exceptional item for the year ended 31 Mar 2026. The company says both are classified as exceptional items in the statement.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 348 | 307 | +13.2% | 328 | +6.1% | |
| Revenue from operations | 342 | 291 | +17.6% | 320 | +6.9% |
| Other income | 6 | 17 | -63.6% | 8 | -24.9% |
| 32 | 36 | -12.9% | 35 | -8.7% | |
| Profit before tax | 41 | 45 | -9.2% | 46 | -10.2% |
| Finance costs | 1 | 1 | +75.9% | 1 | +92.1% |
| Depreciation | 16 | 11 | +47.1% | 15 | +2.7% |
| Tax expense | 9 | 9 | +5.7% | 11 | -15.1% |
| Net profit margin | 9.13% | 11.86% | -2.74 pp | 10.60% | -1.48 pp |
| EPS, basic (₹) | 3.28 | 3.76 | -12.8% | 3.59 | -8.6% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone total income rose 13.2% year on year to ₹348.05 crore, while net profit fell 12.9% to ₹31.76 crore. Revenue from operations rose 17.6% to ₹342.01 crore, while other income fell from ₹16.58 crore to ₹6.04 crore, or 14.7% of profit before tax of ₹41.22 crore.
Standalone depreciation rose from ₹10.67 crore to ₹15.70 crore. Tax expense of ₹9.46 crore is 23.0% of profit before tax of ₹41.22 crore.
Consolidated net profit of ₹37.76 crore is ₹6.00 crore higher than the standalone figure of ₹31.76 crore, and consolidated total income of ₹390.49 crore is ₹42.44 crore higher than standalone. The consolidated statement includes SNL Bearings, NRB Holdings Limited in the UAE, Mahant Tool Rooms and NRB Unitec Friction Solutions.
Inference
The filing reports an interim dividend of ₹2.50 per share, 125% of the ₹2 face value, payable within 30 days of declaration, with 11 Nov 2026 fixed as the record date. The filing does not state the total payout.
The filing says Rustom Desai, an Independent Director, ceases to hold office on 22 Jan 2027 on completion of his tenure, and that the cessation is solely due to that. It does not say who will replace him.
The company says a ₹23.04 crore balance of receivables from customers outside India is delayed beyond FEMA timelines and that any penalty is not ascertainable; it expects the exposure not to be material. The amount of any penalty and when it may be levied are not stated.
Filed with BSE on . Reference: Original filing (PDF)
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