NRB Industrial Bearings' Q1 FY 2025-26 Quarterly Results

Result Summary

• NRB Industrial Bearings Ltd reported a 3.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 34.9%.
• Its expenses for the quarter were down by 5.0% QoQ and up 10.3% YoY.
• The net profit decreased 30.8% QoQ and decreased 36.6% YoY.
• The earnings per share (EPS) of NRB Industrial Bearings Ltd declined at 2.1 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

NRB Industrial Bearings Ltd is a company specializing in the manufacture and distribution of industrial bearings, a crucial component used in various machinery and equipment across multiple sectors including automotive, manufacturing, and aerospace. Bearings are essential for reducing friction between moving parts, thereby enhancing machinery efficiency and lifespan. The company operates within the industrial manufacturing sector, which is characterized by its cyclical nature and dependency on broader economic conditions. As of the latest data available up to October 2023, no significant developments such as mergers, acquisitions, or major product launches have been reported for the company.

Revenue

For the first quarter of FY26, NRB Industrial Bearings Ltd recorded a total income of ₹19.83 crores. This reflects a quarter-over-quarter increase of 3.9% from the ₹19.08 crores reported in Q4FY25. Year-over-year, the company's revenue grew by a substantial 34.9% compared to ₹14.70 crores in Q1FY25. This significant annual growth suggests an upward trajectory in the company's revenue generation capabilities, possibly driven by increased demand or expanded market reach for its products.

Profitability

In terms of profitability, NRB Industrial Bearings Ltd reported a loss before tax of ₹5.29 crores for Q1FY26. This represents an improvement from the loss of ₹7.36 crores in Q4FY25, translating to a 28.1% reduction in losses quarter-over-quarter. Compared to the same quarter in the previous year (Q1FY25), where the loss before tax was ₹8.07 crores, there is a year-over-year reduction of 34.4%. The profit after tax for Q1FY26 was a loss of ₹5.09 crores, improved from a loss of ₹7.36 crores in Q4FY25 and ₹8.03 crores in Q1FY25, marking reductions of 30.8% and 36.6% respectively. Earnings per share (EPS) for Q1FY26 was reported at -₹2.10, showing a reduction in losses from -₹3.00 in the previous quarter and -₹3.30 in the same quarter of the previous year, reflecting improvements of 30.0% quarter-over-quarter and 36.4% year-over-year.

Operating Metrics

The total expenses for NRB Industrial Bearings Ltd in Q1FY26 were ₹25.12 crores, indicating a decrease of 5.0% from the previous quarter's expenses of ₹26.44 crores. Compared to the same quarter last year, total expenses increased by 10.3% from ₹22.77 crores in Q1FY25. This data underscores the company's efforts to manage and reduce operational costs on a quarterly basis while seeing a moderate increase annually. The absence of tax expenses in the reported quarters points towards the company's current financial structure, where tax impacts are not accounted for due to the losses incurred.