NRB Bearing Q3 FY26 results: PAT up 32% YoY, declares 160% interim dividend
NRBBEARING · price
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NRB Bearing Q3 FY26 standalone revenue Rs 296.3 cr (+15% YoY), PAT Rs 24 cr (+32% YoY). 9M revenue Rs 865.7 cr, PAT Rs 86.8 cr (+36%). Board declares 2nd interim dividend of Rs 3.20 per share (160%). Exceptional net loss of Rs 7 cr in Q3, mainly Rs 13.2 cr statutory impact of new labour codes, partly offset by Rs 6.2 cr insurance claim from Waluj fire. Board approves JV with Italy's Unitec for cylindrical roller bearings, new aerospace subsidiary Mahani Tool Room, and capacity expansion. Independent Director Ashank Desai to step down as Chairman on March 29, 2026; Vineet Goel appointed as new CFO from Feb 11.
Strong earnings growth and healthy dividend are positives. New JV and aerospace foray signal expansion, but labour code impact is a near-term cost headwind.