NRB Bearings Q3 profit up 32%, declares 160% interim dividend, new CFO appointed
NRBBEARING · price
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NRB Bearings Q3 FY26 standalone PAT rose 32% YoY to Rs 2,397 lakhs on revenue of Rs 29,632 lakhs (up 15%). Board declared 2nd interim dividend of Rs 3.20 per share (160%). Chairman Ashank Desai ends tenure March 29, 2026; Tashwinder Singh named new Chairman. Vineet Goel appointed CFO from Feb 11, replacing interim CFO Dhara Dhedhi. Board also approved a new JV and capital investment for capacity expansion.
Strong Q3 with profit growth and generous 160% dividend signals shareholder-friendly management. New CFO and Chairman changes are routine leadership transitions.