NRB Industrial Bearings narrows operating loss as revenue rises 13.28%
Margin improved sequentially as expenses grew slower than revenue, but interest and depreciation kept the company in a Rs 6.50 cr loss.
Filed 28 Oct 2026, 17:48 IST · after market close · NRB Industrial Bearings Ltd (NIBL)
Key takeaways
- Consolidated revenue rose 13.28% sequentially to Rs 21.41 cr, while operating loss narrowed only slightly to Rs 1.65 cr.
- Operating margin improved 0.85 percentage points to -7.69% because expenses grew slower than revenue, but the company still reported a Rs 6.50 cr net loss.
- The company’s operating margin was 18.72 percentage points below the 11.03% median for 47 Industrials peers that had reported.
Price around the results
Revenue improved, but losses remained substantial
The consolidated results show revenue up 13.28% sequentially to Rs 21.41 cr, while operating profit remained negative at Rs 1.65 cr. Profit before tax was a Rs 6.50 cr loss after interest of Rs 3.41 cr and depreciation of Rs 2.75 cr. With tax at zero, net profit was also a Rs 6.50 cr loss and EPS was negative Rs 2.68.
Lower cost growth lifted margin, but financing costs stayed high
Expenses rose 12.33% sequentially, slower than revenue growth, which improved operating margin by 0.85 percentage points to -7.69%. Interest expense declined 0.58%, but remained a significant charge against the operating loss, while depreciation increased 8.27%. Other income rose 33.67% to Rs 1.31 cr, but represented -20.15% of pre-tax profit because pre-tax profit was negative; it did not change the reported loss.
Margin remains near the bottom of the Industrials peer set
NRB Industrial Bearings’ operating margin was 18.72 percentage points below the 11.03% median among 47 Industrials companies that had reported the same quarter. It ranked third from the bottom on this measure. Sequentially, the margin improved from -8.54% in Q1FY27, but the available trend covers only one prior quarter and does not establish a longer run of improvement or decline.
Results were filed after market close
The consolidated results were filed after market close on 28 Oct 2026. The results are therefore too fresh for a market reaction to assess, and there is no post-results move to compare with the stock’s historical response.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹21 cr | ₹19 cr | +13.28% |
| Other income | ₹1 cr | ₹1 cr | +33.67% |
| Expenses | ₹23 cr | ₹21 cr | +12.33% |
| Operating profit | ₹-2 cr | ₹-2 cr | -2.48% |
| Operating margin (%) | -7.69% | -8.54% | — |
| Interest | ₹3 cr | ₹3 cr | -0.58% |
| Depreciation | ₹3 cr | ₹3 cr | +8.27% |
| Profit before tax | ₹-7 cr | ₹-7 cr | +1.37% |
| Tax | ₹0 cr | ₹0 cr | — |
| Net profit | ₹-7 cr | ₹-7 cr | +1.37% |
| EPS (₹) | ₹-2.68 | ₹-2.72 | +1.47% |
Operating margin of -7.69% compares with a Industrials sector median of 11.03% across 47 peers that have reported Q2FY27.
What to watch
- Whether operating margin moves above -7.69% next quarter.
- Whether expenses continue to grow slower than revenue after the 12.33% sequential increase.
- Whether interest expense falls below Rs 3.41 cr while the company remains loss-making.