Board okays Q3 results, 160 percent dividend, new CFO and Chairman change
NRBBEARING · price
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NRB Bearings Q3 FY26 standalone revenue up 15 percent YoY at Rs 296.32 cr; PAT rose 32 percent to Rs 23.97 cr (after Rs 7.03 cr exceptional loss from new labour codes). Board declared 2nd interim dividend of Rs 3.20 per share (160 percent). Ashank Desai ends Chairman tenure Mar 29; Tashwinder Singh takes over Mar 30. Vineet Goel is the new CFO from Feb 11, replacing interim CFO Dhara Dhedhi. Board also approved capital investment and a new joint venture.
Strong Q3 results and 160 percent dividend reward shareholders. New CFO and Chairman are experienced; new JV and capex point to growth.