NRB Bearings profit falls despite 6.91% quarterly revenue growth
Expenses grew faster than revenue, while higher interest and lower other income pulled pre-tax profit down sequentially.
Filed 04 Nov 2026, 20:31 IST · after market close · NRB Bearings Ltd (NRBBEARING)
Key takeaways
- Standalone operating margin narrowed 0.73 percentage points QoQ to 15.30% as expenses grew +7.84%, faster than revenue at +6.91%.
- Net profit fell -8.66% QoQ to Rs 31.76 cr despite a 1.31 percentage-point lower tax rate, as interest rose +92.11% and other income contributed 14.65% of pre-tax profit.
- NRB Bearings' 15.30% operating margin was 3.39 percentage points above the 11.91% median for 223 Consumer Discretionary peers that had reported.
Price around the results
Revenue growth did not reach net profit
Standalone revenue rose +6.91% QoQ to Rs 342.01 cr, but operating profit grew only +2.09% to Rs 52.34 cr as costs increased faster. Net profit fell -8.66% to Rs 31.76 cr, with EPS declining -8.64% to Rs 3.28. The results were filed after market close on 04 Nov 2026.
Faster costs and higher interest squeezed earnings
Expenses increased +7.84% QoQ against +6.91% revenue growth, narrowing operating margin by 0.73 percentage points to 15.30%. Interest expense rose +92.11% to Rs 1.46 cr, adding pressure below the operating line. Other income fell -43.50%, while it still represented 14.65% of pre-tax profit; the lower 22.95% tax rate partly cushioned the decline in net profit.
Margin remains above the reported peer median
NRB Bearings' 15.30% operating margin was 3.39 percentage points above the 11.91% median for 223 Consumer Discretionary peers that had reported the same quarter. Sequentially, however, margin moved down from 16.03% in Q1FY27, so the immediate direction was weaker despite the sector comparison.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹342 cr | ₹320 cr | +6.91% |
| Other income | ₹6 cr | ₹11 cr | -43.50% |
| Expenses | ₹290 cr | ₹269 cr | +7.84% |
| Operating profit | ₹52 cr | ₹51 cr | +2.09% |
| Operating margin (%) | 15.30% | 16.03% | — |
| Interest | ₹1 cr | ₹1 cr | +92.11% |
| Depreciation | ₹16 cr | ₹15 cr | +2.68% |
| Profit before tax | ₹41 cr | ₹46 cr | -10.22% |
| Tax | ₹9 cr | ₹11 cr | -15.08% |
| Net profit | ₹32 cr | ₹35 cr | -8.66% |
| EPS (₹) | ₹3.28 | ₹3.59 | -8.64% |
Operating margin of 15.30% compares with a Consumer Discretionary sector median of 11.91% across 223 peers that have reported Q2FY27.
What to watch
- Whether operating margin recovers from 15.30% after the 0.73 percentage-point sequential decline.
- Whether expenses grow more slowly than revenue after rising +7.84% versus revenue growth of +6.91%.
- Whether interest stays at or below Rs 1.46 cr and other income remains below 14.65% of pre-tax profit.