Board approves doubling of authorized capital to Rs 40 crores and extends Harshbeena Zaveri's tenure until 2030, subject to shareholder approval.
08 Aug 2025 | 1985 Views | By Angitha Suresh
NRB Bearings Limited reported a standalone net profit of Rs 26.39 crores for the first quarter ended June 30, 2025, marking a 50% increase from Rs 17.55 crores in the same period last year. The company's board of directors approved these unaudited financial results during a meeting held on August ...
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NRB Bearings Limited reported a standalone net profit of Rs 26.39 crores for the first quarter ended June 30, 2025, marking a 50% increase from Rs 17.55 crores in the same period last year. The company's board of directors approved these unaudited financial results during a meeting held on August 7, 2025.
Revenue from operations grew 9.9% year-on-year to Rs 278.56 crores in the April-June quarter, compared to Rs 253.35 crores in the corresponding period of the previous financial year.
On a consolidated basis, NRB Bearings had a net profit of 32.81 crore on revenue of 310.05 crore during the June quarter.
The board also approved the reappointment of Ms. Harshbeena Zaveri as Vice Chairman and Managing Director for a further five-year term from October 1, 2025, to September 30, 2030.
This decision requires approval from shareholders, the Central Government, and other necessary authorities. Zaveri has served as Managing Director since October 2010 and holds a degree from Wellesley College.
Under Zaveri's leadership, the company has established research and development centers and expanded globally. NRB Bearings was recognized by Forbes as one of Asia's Best 200 companies under $1 billion and received the Star Performer Award for Export Excellence in 2025 from the Engineering Export Promotion Council of India.
NRB Bearings Limited, established in 1965, manufactures bearings and friction solutions. The company operates from its registered office in Mumbai and has manufacturing facilities across India. Its shares are listed on both the Bombay Stock Exchange and National Stock Exchange under the symbols 530367 and NRBBEARING respectively.
DISCLAIMER: This story was earlier published with an image of NRB Industrial Bearings Ltd, which is a different company. The error is regretted.