Q3 2026 NRB Bearings Ltd Earnings Call Transcript
Key Points
- NRB Bearings Ltd (BOM:530367) reported an 18% year-on-year increase in revenue from operations, reaching INR328 crores for Q3 FY26.
- EBITDA grew by 26% year-on-year to INR64 crores, with an improved EBITDA margin of over 19%.
- Profit after tax before exceptional items rose by 44% year-on-year to INR38 crores.
- The company has entered a joint venture with Unitec, enhancing its capabilities in industrial cylindrical roller bearings.
- NRB Bearings Ltd (BOM:530367) acquired Mahant Tool Room, marking its entry into the aerospace industry, which aligns with its core capabilities and long-term aspirations.
- The company's aftermarket segment is facing challenges, contributing to a decline in this area.
- There are concerns about capacity constraints, as current capacities are reportedly full, potentially limiting growth in Q4.
- The company has a high inventory level, historically between 120 to 130 days, which it aims to reduce to 90-100 days.
- NRB Bearings Ltd (BOM:530367) faces competition in the needle and cylindrical bearings market, with limited local raw material sourcing options.
- The company's growth target of INR2,500 crores by 2031 implies a CAGR of 12-14%, which some investors perceive as conservative given the company's expansion into new sectors.
Ladies and gentlemen, good day and welcome to the NRB Bearings Limited Q3 FY26 earnings conference call. (Operator Instructions)
I now hand the conference over to Mr. Ajit Mishra from Ernst and Young, Investor Relations. Thank you and over to you, sir.
Thank you. Good afternoon to all the participants on this call. Before we proceed to the call, let me remind you that the discussion may contain forward-looking statements that may involve known or unknown risks, uncertainties, and other factors. It must be viewed in conjunction with our business risks that could cause future recent performance or achievement to differ significantly from what it expressed or implied by such forward-looking statements.
Please note that we have mailed the Q3 FY26 results, press release, and the same are available on the company's website. In case, if you have not received the same, you can write to us and we will be happy to send the same over to you.
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