NRB Industrial Bearings Q2 FY27 Revenue Rises 20%

Q2 results show higher sales but continued losses

NRB Industrial Bearings Ltd reported unaudited standalone and consolidated financial results for the quarter ended September 30, 2026. The company recorded revenue from operations of ₹21.41 crore in Q2 FY27, up 19.8% from ₹17.86 crore in the year-earlier quarter. Higher sales volumes in the bearings segment supported the increase in revenue. However, the company remained loss-making during the quarter. Its standalone loss before tax stood at ₹6.85 crore, compared with a loss of ₹7.02 crore in Q2 FY26. The result also followed a ₹6.72 crore loss before tax in Q1 FY27. The board approved the unaudited results at its meeting on October 28, 2026.

Revenue from operations rose year on year

Revenue from operations increased to ₹21.41 crore in Q2 FY27 from ₹17.86 crore a year earlier. The quarterly sales figure was also above the ₹18.90 crore reported for the June 2026 quarter. The company attributed the year-on-year rise to higher sales volumes in its bearings business. The available quarterly data shows that sales have recovered from ₹16.36 crore in September 2024 and ₹17.86 crore in September 2025. Yet, higher sales have not translated into operating profitability. Quarterly expenses were reported at ₹23.06 crore, exceeding sales of ₹21.41 crore. Operating profit remained negative at ₹1.65 crore in the September 2026 quarter.

Loss narrowed from the year-earlier quarter

The standalone loss before tax was ₹6.85 crore in Q2 FY27, against ₹7.02 crore in Q2 FY26. This represents a narrower loss on a year-on-year basis despite the company remaining in negative territory. Sequentially, however, the loss increased marginally from ₹6.72 crore in Q1 FY27. The reported profit after tax loss for Q2 FY27 was also ₹6.85 crore. The company has therefore continued to report losses across recent quarters. Its operating margin was stated at negative 13% for the quarter, down by 150 basis points from the year-earlier period. This indicates that cost pressures remained significant even as revenue increased.

Key financial figures

Balance sheet continues to reflect stress

NRB Industrial Bearings disclosed a negative net worth of ₹59.18 crore as of September 30, 2026. It also reported a net current liability position of ₹27.68 crore. A net current liability position means current liabilities were higher than current assets at the reporting date. These disclosures underline the financial pressure facing the company despite the improvement in sales. The results statement referred to plans intended to improve profitability and business performance. Management also cited support letters from promoter directors as part of its basis for preparing the accounts on a going-concern basis. The company said it expects to meet its financial obligations through promoter support and its business plans.

Board approves results and manufacturing appointment

The board meeting on October 28, 2026 approved the unaudited financial results for the quarter and half year ended September 30, 2026. In a separate decision, the board appointed M. B. Ravi Shankar as Head of Manufacturing and Senior Management Personnel. The appointment took effect from October 28, 2026. The company did not provide an earnings-call transcript or management guidance alongside the reported results. As a result, the disclosed financial statements remain the principal source for assessing the quarter. The manufacturing appointment adds a senior operational role at a time when the company is seeking profitability improvement. No specific financial impact from the appointment was disclosed.

Auditor issues limited review report

The Q2 FY27 results were reviewed by S R B C & Co. LLP, Chartered Accountants. The auditor issued a limited review report on the unaudited standalone and consolidated results. According to the company disclosure, the review did not identify material misstatements in the financial information. A limited review is not the same as a full statutory audit, but it is a standard review process for quarterly financial reporting. The results also included the company’s disclosures on its negative net worth and current-liability position. These disclosures are relevant for investors evaluating the company’s ability to fund operations and service obligations. Management’s going-concern assessment relies on planned business measures and promoter support.

What the quarter means for investors

The quarter presents two contrasting trends for investors. On one hand, revenue growth of 19.8% indicates higher bearings sales compared with the same period last year. On the other hand, expenses exceeded revenue and the company continued to record operating and net losses. The negative net worth and net current liability position remain important balance-sheet risks. The modest year-on-year reduction in loss before tax does not remove those concerns. Revenue growth will need to be assessed alongside the company’s ability to manage costs and improve margins. Investors will also track whether management provides further detail on its profitability measures in future disclosures.

Broader context from recent quarterly performance

NRB Industrial Bearings has reported negative operating profit in several recent quarters. Sales rose from ₹18.55 crore in June 2025 to ₹21.41 crore in September 2026, but operating performance remained under pressure through this period. In June 2026, the company reported sales of ₹18.90 crore and operating profit of negative ₹1.62 crore. In September 2025, sales were ₹17.86 crore and operating profit was negative ₹2.63 crore. The latest quarter therefore shows better sales and a smaller operating loss than the year-earlier quarter. But the operating loss widened slightly from the immediately preceding June quarter. The next set of company disclosures will show whether higher sales volumes can be converted into a sustained improvement in profitability.

Outlook rests on execution and financial support

NRB Industrial Bearings ended Q2 FY27 with higher revenue but continued financial strain. The company has stated that it will continue as a going concern, supported by promoter directors and planned business actions. Its immediate financial focus remains profitability improvement, managing liabilities and sustaining operations. The board has also strengthened its manufacturing leadership with the appointment of M. B. Ravi Shankar. For the market, subsequent quarterly results and any further disclosures on funding or operational measures will be key developments to monitor. Until then, the reported Q2 FY27 numbers show sales growth alongside unresolved balance-sheet and margin challenges.