NRB Bearings Reports FY26 Results, Declares Dividend, Plans Expansion

NRB Bearings announced its audited financial results for the fiscal year ended March 31, 2026. The company reported consolidated revenue of ₹1369.52 crore and consolidated profit after tax (PAT) of ₹145.63 crore. Standalone revenue stood at ₹1224.08 crore with a PAT of ₹121.51 crore. The company also declared an interim dividend of ₹2.25 per equity share.

Financial Results for FY26

NRB Bearings Ltd has approved its audited financial results for the fiscal year ending March 31, 2026. Consolidated revenue reached ₹136,952.00 lakh (₹1369.52 crore). Consolidated profit after tax was ₹14,563.00 lakh (₹145.63 crore). Standalone revenue was ₹122,408.00 lakh (₹1224.08 crore) with a PAT of ₹12,151.00 lakh (₹121.51 crore).

Strategic Growth Initiatives

The company is expanding its operations and market reach through key investments and capacity enhancements. Entry into the aerospace sector via the planned acquisition of Mahant Tool Room and a joint venture with Unitec S.r.L. for cylindrical roller bearings signal diversification and market strengthening. Planned land acquisition for up to ₹40 crore aims to boost capacity by 17-25% starting in FY2027.

Performance Trajectory

In the fiscal year 2022-23, NRB Bearings reported consolidated revenue of ₹1,174.87 crore and profit after tax of ₹81.81 crore, indicating a growth trajectory leading up to the FY26 results.

Shareholder Benefits and Outlook

Shareholders will receive an interim dividend of ₹2.25 per equity share, reflecting the company's profitability. The company's diversification into aerospace and strengthening of its core roller bearing business are expected to unlock new revenue streams. Capacity expansion plans are in place to support future demand and market share growth.

Potential Risks

Outstanding trade receivables from overseas customers are experiencing delays in settlement, though management believes the exposure is not material. The acquisition of Mahant Tool Room is contingent on fulfilling certain conditions, with an extended long stop date of July 27, 2026. The joint venture company with Unitec S.r.L. was not yet established as of March 31, 2026.

Industry Context

For context, SKF India reported a consolidated PAT of ₹141.1 crore for FY23-24. Key peers like Schaeffler India and Timken India also operate in similar automotive and industrial bearing segments, focusing on growth and technological advancement.

Key Future Milestones

• Completion of the Mahant Tool Room acquisition by the extended deadline of July 27, 2026.
• Formal establishment of the Joint Venture company with Unitec S.r.L.
• Progress on the planned land acquisition and the commencement of capacity expansion starting in FY2027.