NRB Bearings reported a consolidated net profit of Rs 36.24 crore for Q2 FY27, marking a 12.5 percent decrease compared to Rs 41.41 crore in the corresponding period of the previous financial year.
On a sequential basis, consolidated net profit declined 4 percent from Rs 37.76 crore recorded in Q1 FY27. The drop in net profit despite top-line expansion was driven by higher material consumption, employee benefit expenses, and depreciation costs during the period.
Consolidated revenue from operations for the quarter rose 18.8 percent year-on-year to Rs 386.36 crore from Rs 325.20 crore in Q2 FY25, and grew 4.6 percent sequentially against Rs 369.53 crore in Q1 FY27. Total consolidated income, which included other income of Rs 4.13 crore, stood at Rs 390.49 crore.
Total consolidated expenses increased 19 percent year-on-year to Rs 341.81 crore compared to Rs 287.13 crore in the year-ago quarter, and advanced 4.8 percent sequentially from Rs 326.23 crore.
On a standalone basis, the company posted a net profit of Rs 31.76 crore for Q2 FY27, down 12.9 percent from Rs 36.46 crore in Q2 FY25, and lower by 8.7 percent compared to Rs 34.77 crore in Q1 FY27.
Standalone revenue from operations grew 17.6 percent year-on-year to Rs 342.01 crore from Rs 290.78 crore, while rising 6.9 percent sequentially from Rs 319.89 crore.
Standalone total expenses increased 17.1 percent year-on-year to Rs 306.83 crore compared to Rs 261.95 crore, and grew 7.8 percent sequentially from Rs 284.67 crore.
Within the notes to the financial results, the management disclosed that outstanding trade receivables include Rs 23.04 crore from customers outside India that faced delays beyond timelines stipulated under FEMA regulations, and the company is in the process of regularising these defaults while noting that potential penalties are not expected to be material.