NRB Bearing Limited Earnings Summary — Q4 FY2026
NRB Bearings Reports Strong Q4 Performance with 45% Net Profit Growth and Expansion into Aerospace
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 0.7% sequentially in Q1 FY2027.
- Revenue of ₹370 Cr is 19.2% higher year-on-year.
- Revenue has compounded at 12.3% annualised over the last 10 quarters.
- Net profit of ₹37 Cr is 14.8% above the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 8.6% annualised across the period.
- Operating margin stands at 17.2% in Q1 FY2027.
- Operating margin expanded by 65 bps year-on-year.
- Over the last two years operating margin has expanded by 260 bps.
- PBT margin is 13.9%.
- Expense growth of 18.3% remained below revenue growth of 19.2%.
- Operating profit of ₹64 Cr is 23.8% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 68/100 (Healthy) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 370 | 372 | 328 | 325 | 310 | 329 | 279 | 302 | 289 | 285 |
| Expenses | Improving | 306 | 305 | 267 | 272 | 259 | 269 | 234 | 250 | 247 | 237 |
| Operating Profit | Improving | 64 | 67 | 60 | 54 | 51 | 60 | 45 | 52 | 42 | 47 |
| Operating Margin | Stable | 17.2% | 18.0% | 18.4% | 16.5% | 16.6% | 18.3% | 16.1% | 17.2% | 14.6% | 16.6% |
| Other Income | Volatile | 8 | 7 | -3 | 14 | 9 | -45 | 2 | 10 | 5 | 12 |
| Interest | Softening | 2 | 2 | 2 | 2 | 3 | 2 | 3 | 3 | 3 | 4 |
| Depreciation | Improving | 18 | 16 | 14 | 13 | 13 | 12 | 12 | 12 | 11 | 11 |
| Profit Before Tax | Volatile | 51 | 56 | 41 | 52 | 45 | 1 | 32 | 48 | 33 | 44 |
| Tax | Volatile | 14 | 14 | 12 | 11 | 12 | 2 | 10 | 12 | 7 | 12 |
| Net Profit | Volatile | 37 | 41 | 29 | 41 | 32 | -2 | 21 | 35 | 25 | 31 |
| Net Margin | Volatile | 10.0% | 11.1% | 8.7% | 12.5% | 10.3% | -0.6% | 7.7% | 11.7% | 8.6% | 11.0% |
Key Takeaways
- Standalone Revenue for Q4 reached ₹32,004 lakhs, marking an 8% sequential growth compared to Q3 FY2026.
- Net Profit surged significantly both YoY and QoQ, reaching ₹3,469 lakhs, partially aided by normalized tax expenses compared to previous periods.
- The Board declared a 3rd interim dividend of ₹2.25 per share, bringing the total dividend for FY2025-26 to ₹7.95 per share.
- Strategic expansion continues with the approval of a ₹40 crore land acquisition for capacity building.
- The company is finalizing the acquisition of Mahant Tool Room to strengthen its presence as a fuel engine product supplier in the aerospace segment.
- Management executed a Joint Venture with Unitec S.r.L. (Mondial Group) to manufacture cylindrical roller bearings for the industrial segment.
Management Guidance
Management is focusing on 'premiumization' by shifting from commodity bearings to high-value aerospace and industrial components. The company aims to leverage its AS9100D aerospace certification and the new Joint Venture in Hyderabad to diversify revenue streams.
Sentiment Shift
Improving
Earnings quality is stabilizing following a year of exceptional items (fire insurance claims and demerger settlements), with core operating profits showing steady sequential growth.
Outlook
The outlook is positive driven by the transition into high-precision aerospace engineering and the stabilization of the core automotive bearing market share at ~60%. Debt reduction remains a priority, with interest coverage improving significantly over the fiscal year.
From the Annual Report (Key Quotes)
“The Board of Directors... approved... Acquisition of parcel of land upto INR 40 crores for expansion.”
“Mahant Tool Room Private Limited... with the objective of strengthening the Company's brand image and positioning it as a supplier of fuel engine products within the aerospace segment.”
“The figures for the quarters ended 31 March 2026... are the balancing figures between audited figures in respect of full financial year and the year to date figures upto end of the third quarter.”
Official Quarterly Documents
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This summary is AI-generated from NRB Bearing Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.