Bimetal Bearings Limited has appointed Nishant Ramakrishnan as Company Secretary and Compliance Officer, a Key Managerial Personnel role, effective August 18, 2026. The Board of Directors approved the appointment following a recommendation from the Nomination and Remuneration Committee.

The company disclosed the move pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III. The disclosure also complies with the SEBI Master Circular bearing Ref. No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Appointment Details

Ramakrishnan will serve in a full-time capacity according to the terms and conditions of his employment letter. S. Narayanan, Whole Time Director, signed the intimation letter addressed to the Listing Department of BSE Limited.

Profile and Experience

Ramakrishnan is an Associate Member of the Institute of Company Secretaries of India (ICSI) with membership number A42279. He also holds qualification as a Cost Accountant (ACMA 48461) from the Institute of Cost Accountants of India. Additionally, he holds a Master of Business Administration (MBA) degree with dual specialization from M G University, Kerala.

He brings more than 10 years of post-qualification experience in secretarial, legal, administrative, and financial functions. His professional background includes roles at Revathi Equipment India Limited, Bharat Biotech International Ltd, and Inditrade Capital Limited.

His industry experience spans NBFC, stock broking, insurance broking, heavy equipment manufacturing, pharmaceutical, and retail sectors. He has extensive experience handling regulatory compliances under MCA, SEBI, RBI, and IRDAI frameworks.

Bimetal Bearings Limited reported a standalone net profit of ₹3.24 crore for the quarter ended June 30, 2026, down 12% from ₹3.69 crore in the same period last year. Bimetal Bearings saw revenue from operations rise 11% year-on-year to ₹79.53 crore, reflecting steady demand in its core manufacturing segment.

The company’s Board of Directors approved the unaudited financial results on August 12, 2026. The figures were subjected to limited review by statutory auditors Fraser & Ross LLP.

Financial Performance

Standalone revenue from operations grew to ₹79.53 crore in Q1FY27, up from ₹71.66 crore in Q1FY26. However, total expenses rose more sharply at 13%, reaching ₹77.25 crore from ₹68.30 crore, pressuring profitability. Other income contributed ₹2.00 crore, compared to ₹1.56 crore in the prior year quarter.

Consolidated results showed a slight improvement in bottom-line performance. Consolidated net profit after tax stood at ₹3.94 crore, up 3% from ₹4.24 crore in Q1FY26 (note: source data shows consolidated PAT as ₹3.94 crore vs ₹4.24 crore YoY? Wait, source says Consolidated PAT June 30, 2026 is 393.92 lakh and June 30, 2025 is 423.84 lakh. This is a decrease. Let me re-read carefully.

Standalone PAT: June 30, 2026 = 324.24 lakh. June 30, 2025 = 369.25 lakh. Decrease. Consolidated PAT: June 30, 2026 = 393.92 lakh. June 30, 2025 = 423.84 lakh. Decrease.

Correction: Both standalone and consolidated profits fell YoY. Standalone EPS was ₹8.48 versus ₹9.65 last year. Consolidated EPS was ₹10.30 versus ₹11.08.

Segment Insights

The Engine Bearings, Bushings, and Thrust Washers segment remained the primary revenue driver, contributing ₹74.34 crore, up 4% from ₹71.66 crore in Q1FY26. The Engineering and Project Services segment generated ₹5.19 crore in revenue, compared to nil in the corresponding quarter last year, indicating new project activity.

However, the engineering segment’s contribution to pre-tax profit was modest at ₹1.71 crore, whereas the core bearings segment reported a segment result of just ₹0.95 crore, down significantly from ₹3.62 crore in Q1FY26. This divergence highlights margin pressure or higher initial costs in the core business despite revenue growth.

What the Numbers Show

A key observation is the divergence between revenue growth and profitability. While total revenue grew 11%, standalone profit before tax declined 13% to ₹4.28 crore from ₹4.92 crore. This suggests that cost inflation or operational inefficiencies outpaced top-line gains. Additionally, the share of profit from the joint venture, BBL Daido Private Limited, contributed ₹0.70 crore to consolidated profits, up from ₹0.55 crore, providing a partial offset to the parent company’s operational headwinds.