NRB Bearings (NRBBEARING) Q3 25/26 earnings summary

Executive summary

• Revenue from operations grew 18% year-on-year in Q3 FY26, reaching INR 328 crore, with unaudited standalone and consolidated results showing strong revenue and profit growth.

• EBITDA increased 26% YoY to INR 64 crore, with margins improving to over 19%.

• Profit after tax before exceptional items rose 44% YoY to INR 38 crore; consolidated profit after tax for Q3 FY26 was ₹1,844 lakhs, up from ₹996 lakhs YoY.

• Strategic focus on diversification, new platforms, and high-margin segments, including industrial and aerospace.

• Major board and management changes include the appointment of a new Chairman and CFO, and reconstitution of key committees.

Financial highlights

• Q3 FY26 revenue: INR 328 crore (+18% YoY); EBITDA: INR 64 crore (+26% YoY); EBITDA margin: >19%.

• Consolidated revenue for Q3 FY26 was ₹32,792 lakhs, up from ₹27,852 lakhs in Q3 FY25; nine-month consolidated revenue was ₹96,317 lakhs, up from ₹86,932 lakhs YoY.

• Profit after tax before exceptional items: INR 38 crore (+44% YoY); consolidated profit after tax for Q3 FY26 was ₹1,844 lakhs, up from ₹996 lakhs YoY.

• Nine-month FY26 revenue: INR 963 crore (+11% YoY); EBITDA: INR 193 crore (+20% YoY); EBITDA margin: 19.5%.

• Exceptional items included insurance claim gains and statutory impacts from new labour codes.

Outlook and guidance

• Capacity expansion of 17–25% across product lines is planned, with a capital investment of ₹70 crores to meet robust demand for FY27 and FY28.

• Automotive business entrenched in EV, ICE, and hybrid platforms globally, providing long-term revenue visibility.

• Industrial business expected to grow rapidly, leveraging new JV and partnerships.

• Aerospace and defense seen as a major growth engine with high entry barriers and robust margins.

• Management aims to maintain EBITDA margins in the 18%-20% range as a percentage of sales.