NRB Bearings (NRBBEARING) Q4 25/26 earnings summary

Executive summary

• Q4 FY26 consolidated revenue grew 13% year-over-year to INR 372 crore; full-year revenue up 11% to INR 1,335 crore.

• Audited standalone and consolidated financial results for the year ended March 31, 2026, were approved with unmodified audit opinions.

• Profit after tax for Q4 was INR 42 crore; full-year profit after tax surged 77% to INR 146 crore.

• A third interim dividend of ₹2.25 per share (112.5%) was declared; no final dividend will be recommended for FY 2025-26.

• Growth driven by volume expansion, market share gains, product mix improvements, and operational efficiencies.

Financial highlights

• Standalone revenue from operations for FY26: ₹118,570 lakhs (up from ₹107,752 lakhs YoY); consolidated revenue: ₹133,515 lakhs (up from ₹119,861 lakhs YoY).

• Standalone net profit after tax for FY26: ₹12,151 lakhs (up from ₹5,868 lakhs YoY); consolidated net profit: ₹14,563 lakhs (up from ₹8,232 lakhs YoY).

• EBITDA for Q4 rose 17% year-over-year to INR 74 crore, with a margin of 19.5%; full-year EBITDA up 19% to INR 267 crore.

• Gross and EBITDA margins improved to 19.5% for the year, up from 18.3% previously.

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

Outlook and guidance

• International business expected to grow 10%-14% in FY27, possibly up to 15%.

• Capacity expansion planned with a 17–25% increase in volumes over one year, supported by robust orderbook for FY27 and FY28.

• CapEx for FY27 projected at INR 120 crore, with a total of INR 240 crore planned over 18 months, including land acquisition.

• Major capacity enhancements to be commissioned from June/July, with benefits accruing through FY27 and into FY28.

• New product launches and entry into aerospace and precision industrial bearings expected to drive growth.