NRB Bearings (NRBBEARING) Q4 25/26 earnings summary

Executive summary

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

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

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

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

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

Financial highlights

• Consolidated revenue for FY26: ₹133,515 lakhs (up from ₹119,861 lakhs YoY); standalone revenue: ₹118,570 lakhs.

• Consolidated net profit for FY26: ₹14,563 lakhs (up from ₹8,232 lakhs YoY); standalone net profit: ₹12,151 lakhs.

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

• International business and replacement market grew 4% year-over-year despite global headwinds.

• Q4 gross margin dipped below 60% due to foreign exchange fluctuations and product mix; expected to normalize.

Outlook and guidance

• International business expected to grow 10%-14% in FY27.

• 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 major investments in machinery and land.

• Targeting industrial segment to reach 20%-25% of total business over the next few years.

• Aspirational goal to reach INR 2,500 crore revenue in five years, increasingly seen as achievable.