Bimetal Bearings Limited reported a 9.8% rise in net profit to ₹1,142.17 lakh for the financial year ended March 31, 2026, compared to ₹1,039.90 lakh in the previous year. Revenue from operations for the year increased to ₹29,698.36 lakh from ₹23,907.82 lakh in FY25. The board of directors has recommended a final dividend of ₹13.50 per share for FY26, subject to the approval of shareholders.

For the quarter ended March 31, 2026, the company recorded a profit after tax of ₹347.77 lakh, up from ₹210.93 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹9,428.11 lakh. The financial results were reviewed and recommended by the Audit Committee and approved by the Board in their meeting held on May 27, 2026.

The statutory auditors, Fraser & Ross LLP, issued an unmodified opinion on the audited standalone financial results for the year and reviewed the results for the quarter. The company noted that the Labour Codes, which became effective from November 21, 2025, necessitated amendments to employee benefit policies, resulting in a past service cost of ₹50 lakh recognized in the employee benefits expense.

Financial Performance

The company's total expenses for FY26 rose to ₹28,693.57 lakh from ₹23,367.62 lakh in the prior year. Profit before tax for the year increased to ₹1,510.81 lakh from ₹1,096.25 lakh. Earnings per share (EPS) for the year improved to ₹29.86 from ₹27.19 in the previous year.

Segment Performance

The company operates in two primary segments: Engine Bearings, Bushings and thrust washers, and Engineering and Project services. The Engine Bearings segment reported a gross revenue of ₹27,677.95 lakh for the year, while the Engineering and Project services segment contributed ₹2,020.41 lakh. The total assets of the company as of March 31, 2026, stood at ₹29,474.11 lakh, compared to ₹27,388.60 lakh in the previous year.

Bimetal Bearings Limited has announced that its board of directors will meet on Wednesday, May 27, 2026. The primary agenda for the meeting is to consider, take on record, and adopt the audited financial statements for the financial year ended March 31, 2026. Additionally, the board will deliberate upon the declaration of a dividend, if any, for the financial year ending on that date.

In compliance with the company's code to regulate, monitor, and report trading by insiders, the trading closure period has been implemented. This restriction applies to all promoters, directors, designated employees, and other connected persons, including auditors, consultants, legal advisors, and share transfer agents. The closure period commenced on April 1, 2026, and will remain in effect until 48 hours after the conclusion of the board meeting.

The meeting follows standard regulatory procedures under Regulation 30. The intimation was formally addressed to BSE Limited on May 19, 2026, by S. Narayanan, Whole Time Director of the company. The registered office of Bimetal Bearings Limited is located at Huzur Gardens, Sembiam, Chennai.

Key Meeting Details

The company manufactures thinwall bearings, bushings, and thrust washers. It is a member of the Amalgamations Group and holds certifications including IATF 16949-2016, ISO 14001, ISO 45001, and ISO 9001.