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NRB Bearings Q2 FY27 results: net profit down 12.5% to ₹36.24 crore, revenue up 18.8%
NRB Bearings Limited reported consolidated revenue of ₹386.36 crore in Q2 FY27, up 18.8% from Q2 FY26, while EBITDA rose to ₹66.91 crore and margin improved to 17.3%. Net profit fell to ₹36.24 crore from ₹41.41 crore, with basic EPS declining to ₹3.66 from ₹4.19.
Key points
- Consolidated revenue was ₹386.36 crore in Q2 FY27, up ₹61.16 crore or 18.8% year on year.
- EBITDA was ₹66.91 crore, up ₹13.35 crore or 24.9%, while margin rose 0.8 percentage points to 17.3%.
- Net profit fell ₹5.17 crore or 12.5% to ₹36.24 crore; basic EPS declined ₹0.53 to ₹3.66.
- Revenue rose ₹16.83 crore or 4.6% from Q1 FY27, but net profit fell ₹1.52 crore or 4.0%.
- The board declared an interim dividend of ₹2.50 per share at 125% of face value.
How did NRB Bearings perform in Q2 FY27?
NRB Bearings reported consolidated revenue of ₹386.36 crore in Q2 FY27, up ₹61.16 crore or 18.8% from ₹325.20 crore in Q2 FY26. Total income rose ₹50.98 crore or 15.0% to ₹390.49 crore. EBITDA increased ₹13.35 crore or 24.9% to ₹66.91 crore, while margin improved 0.8 percentage points to 17.3%.
Profit moved lower despite higher revenue and EBITDA. Profit before tax fell ₹3.70 crore or 7.1% to ₹48.68 crore, and net profit declined ₹5.17 crore or 12.5% to ₹36.24 crore. Profit attributable to owners fell ₹5.19 crore or 12.8% to ₹35.44 crore, while basic EPS declined ₹0.53 to ₹3.66. The net profit margin fell 3.3 percentage points to 9.4%.
Against Q1 FY27, revenue rose ₹16.83 crore or 4.6% to ₹386.36 crore and EBITDA increased ₹3.25 crore or 5.1% to ₹66.91 crore. Margin edged up 0.1 percentage points to 17.3%, but profit before tax fell ₹2.74 crore or 5.3% and net profit fell ₹1.52 crore or 4.0% to ₹36.24 crore. Basic EPS declined ₹0.14 to ₹3.66.
On a standalone basis, Q2 FY27 revenue was ₹342.01 crore, up 17.6%, while profit before tax was ₹36.46 crore and profit after tax was ₹31.76 crore. The standalone results were filed along with the consolidated quarterly and half-year results and the statutory auditors’ limited review report.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 386.36 | 369.53 | 325.20 | +18.8% | +4.6% |
| Other income | 4.13 | 5.47 | 14.31 | −71.1% | −24.5% |
| Total expenses | 341.81 | 326.23 | 287.13 | +19.0% | +4.8% |
| EBITDA | 66.91 | 63.66 | 53.56 | +24.9% | +5.1% |
| EBITDA margin | 17.3% | 17.2% | 16.5% | +0.8 pp | +0.1 pp |
| Profit before tax | 48.68 | 51.42 | 52.38 | −7.1% | −5.3% |
| Tax | 12.44 | 13.66 | 10.97 | +13.4% | −8.9% |
| Net profit | 36.24 | 37.76 | 41.41 | −12.5% | −4.0% |
| EPS (₹) | 3.66 | 3.80 | 4.19 | −12.6% | −3.7% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in NRB Bearings' costs and profit?
Total expenses increased ₹54.68 crore or 19.0% to ₹341.81 crore in Q2 FY27 from ₹287.13 crore in Q2 FY26. Cost of materials rose ₹30.47 crore or 23.5% to ₹159.98 crore, other expenses increased ₹18.28 crore or 19.1% to ₹114.18 crore, and depreciation rose ₹6.31 crore or 47.6% to ₹19.58 crore.
Employee cost increased ₹4.21 crore or 8.1% to ₹56.02 crore, while finance costs rose ₹0.56 crore or 25.2% to ₹2.78 crore. Other income fell ₹10.18 crore or 71.1% to ₹4.13 crore from ₹14.31 crore. The filing does not state the reasons for these movements.
There was no exceptional item in Q2 FY27 or Q2 FY26. Tax expense was ₹12.44 crore, up ₹1.47 crore or 13.4% from ₹10.97 crore. The figures show higher operating expenses and lower other income alongside higher EBITDA, while profit before tax and net profit declined.
Against Q1 FY27, total expenses rose ₹15.58 crore or 4.8% to ₹341.81 crore. Cost of materials increased ₹21.37 crore or 15.4%, other expenses rose ₹12.10 crore or 11.9%, and depreciation rose ₹1.23 crore or 6.7%. Employee cost fell ₹0.80 crore, other income declined ₹1.34 crore, and finance costs rose ₹0.77 crore.
The previous quarter included a ₹2.65 crore exceptional gain, while Q2 FY27 had no exceptional item. Tax expense fell ₹1.22 crore or 8.9% from ₹13.66 crore in Q1 FY27 to ₹12.44 crore, but profit before tax declined ₹2.74 crore and net profit fell ₹1.52 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 159.98 | 129.51 | +30.47 | +23.5% |
| Employee cost | 56.02 | 51.81 | +4.21 | +8.1% |
| Finance costs | 2.78 | 2.22 | +0.56 | +25.2% |
| Depreciation | 19.58 | 13.27 | +6.31 | +47.6% |
| Other expenses | 114.18 | 95.90 | +18.28 | +19.1% |
| Total expenses | 341.81 | 287.13 | +54.68 | +19.0% |
| Other income | 4.13 | 14.31 | −10.18 | −71.1% |
| Tax | 12.44 | 10.97 | +1.47 | +13.4% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, consolidated revenue rose ₹120.64 crore or 19.0% to ₹755.89 crore from ₹635.25 crore in H1 FY26. Total income increased ₹106.52 crore or 16.2% to ₹765.49 crore. Profit before tax rose ₹2.72 crore or 2.8% to ₹100.1 crore.
Profit after tax for H1 FY27 was ₹74.0 crore, down ₹0.22 crore or 0.3% from ₹74.22 crore in H1 FY26. Basic EPS was ₹7.46, down ₹0.04 from ₹7.5. Revenue and profit before tax increased over the first half, while net profit and EPS were marginally lower.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 755.89 | 635.25 | +19.0% |
| Profit before tax | 100.10 | 97.38 | +2.8% |
| Net profit | 74 | 74.22 | −0.3% |
| EPS (₹) | 7.46 | 7.50 | −0.5% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets stood at ₹1,505.87 crore, compared with ₹1,355.62 crore at 31 March 2026. Total equity was ₹1,039.76 crore against ₹983.04 crore, borrowings were ₹192.09 crore against ₹151.04 crore, and cash was ₹29.68 crore against ₹24.24 crore.
Inventories increased to ₹458.94 crore from ₹433.72 crore, trade receivables rose to ₹275.69 crore from ₹244.24 crore, and trade payables increased to ₹155.55 crore from ₹126.07 crore. The balance-sheet comparison is against the previous balance-sheet date of 31 March 2026.
H1 FY27 operating cash flow was ₹80.29 crore, compared with ₹124.51 crore in H1 FY26. Investing cash flow was negative ₹84.81 crore against negative ₹42.46 crore, and financing cash flow was ₹12.3 crore against negative ₹102.56 crore. Capital expenditure was ₹92.93 crore, up from ₹42.86 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 1,506 | 1,356 |
| Total equity | 1,040 | 983.04 |
| Borrowings | 192.09 | 151.04 |
| Cash and equivalents | 29.68 | 24.24 |
| Inventories | 458.94 | 433.72 |
| Trade receivables | 275.69 | 244.24 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 80.29 | 124.51 |
| Cash from investing | −84.81 | −42.46 |
| Cash from financing | 12.30 | −102.56 |
| Capital expenditure | 92.93 | 42.86 |
Source: Company's results filing (XBRL).
How has NRB Bearings done over the last 8 quarters?
Revenue rose year on year in each of the last eight quarters. It reached ₹386.36 crore in Q2 FY27 after ₹369.53 crore in Q1 FY27, while the earlier low in the period shown was ₹278.52 crore in Q3 FY25.
Profit reached its highest level in the series at ₹42.09 crore in Q4 FY26 and fell to ₹36.24 crore in Q2 FY27 from ₹37.76 crore in Q1 FY27. The lowest point was a net loss of ₹1.34 crore in Q4 FY25. EBITDA margin was 17.3% in Q2 FY27, above 17.2% in Q1 FY27 but below the 18.4% peak in Q3 FY26.
What else did the company announce?
The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, along with the statutory auditors’ limited review report. It declared an interim dividend of ₹2.50 per equity share of ₹2 each, equal to 125% of face value, payable to eligible shareholders within 30 days from the declaration date.
The company fixed 11 November 2026 as the record date for the interim dividend. It also reconstituted the Nomination and Remuneration Committee with effect from 4 November 2026, with Bapsy Dastur as chairperson and Jayavardhan Dhar Diwan and Tashwinder Singh as members.
Independent director Rustom Desai will cease to hold office from the close of business hours on 22 January 2027 after completing two consecutive five-year terms. The company said his cessation was solely due to completion of his tenure and that there were no other material reasons. The board also amended six policies and adopted four new policies.
How did other Auto Components & Equipments companies do?
Among 47 other Auto Components & Equipments companies that had filed for the quarter by 4 November 2026, the median revenue growth was 33.6%. Thirteen peers grew revenue more slowly than NRB Bearings, while 34 grew faster than the company.
Of the 48 peers for which profit was compared, 38 reported higher profit. NRB Bearings’ Q2 FY27 revenue growth was 18.8% on a consolidated basis, below the 33.6% peer median.
| NRB Bearings revenue growth (YoY) | +18.8% |
|---|---|
| Median of 47 other Auto Components & Equipments companies | +33.6% |
| Companies with slower revenue growth than NRB Bearings | 13 of 47 |
| Companies with faster revenue growth than NRB Bearings | 34 of 47 |
| Companies whose net profit rose | 38 of 48 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was NRB Bearings' revenue in Q2 FY27?
Revenue from operations was ₹386.36 crore, up 18.8% from ₹325.20 crore in Q2 FY26 (consolidated).
Did NRB Bearings make a profit in Q2 FY27?
Yes. Net profit was ₹36.24 crore, against a net profit of ₹41.41 crore in Q2 FY26.
What was NRB Bearings' EPS in Q2 FY27?
Basic earnings per share were ₹3.66, against ₹4.19 in Q2 FY26.
When did NRB Bearings announce its Q2 FY27 results?
On 4 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Intimation Of The Board Meeting And Closure Of Trading Window (BSE, 29 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting Held On November 04, 2026 (BSE, 4 November 2026) · PDF
- Unaudited Standalone And Consolidated Financial Results For Quarter And Half Year Ended September 30, 2026 (BSE, 4 November 2026) · PDF
- Announcement Under Regulation 30 - General Updates (BSE, 4 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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