SNL Bearings Q1 Results: Net profit rises 28% YoY to ₹346 lakh
SNL Bearings Limited posted a net profit of ₹346 lakh in Q1FY26, up 27.6% YoY, aided by a 23.3% revenue increase to ₹1,525 lakh. The Board approved the results and announced the search for a new internal auditor following the demise of the previous firm's proprietor.
*this image is generated using AI for illustrative purposes only.
SNL Bearings Limited reported a 27.6% year-on-year rise in net profit after tax (PAT) to ₹346 lakh for the quarter ended June 30, 2026, driven by robust revenue growth and improved operational margins. Revenue from operations expanded by 23.3% to ₹1,525 lakh, up from ₹1,237 lakh in the corresponding quarter of FY25. The company’s Board of Directors approved the unaudited financial results on August 06, 2026, following a limited review by statutory auditors Walker Chandio & Co LLP.
The Board meeting also addressed a change in internal audit leadership. M/s. Jayesh Bhagchandani & Co., Chartered Accountants, ceased to act as the Internal Auditor following the demise of its proprietor, Mr. Jayesh Bhagchandani, on July 13, 2026. The company is currently in the process of appointing a new internal auditor to fill the casual vacancy. These disclosures were made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance Highlights
| Particulars | Q1FY26 (₹ in lakhs) | Q4FY26 (₹ in lakhs) | Q1FY25 (₹ in lakhs) | YoY Change |
|---|---|---|---|---|
| Revenue from operations | 1,525 | 1,522 | 1,237 | +23.3% |
| Other income | 124 | (1) | 86 | +44.2% |
| Total Income | 1,649 | 1,521 | 1,323 | +24.6% |
| Total Expenses | 1,183 | 1,179 | 971 | +21.8% |
| Profit Before Tax | 466 | 342 | 352 | +32.4% |
| Net Profit After Tax | 346 | 257 | 271 | +27.7% |
| EPS (₹) | 9.58 | 7.12 | 7.51 | +27.6% |
Revenue from operations grew sequentially as well, rising slightly from ₹1,522 lakh in Q4FY26. Other income contributed significantly to the top line, increasing to ₹124 lakh from ₹86 lakh in Q1FY25, compared to a negligible negative balance in the preceding quarter. Total expenses rose to ₹1,183 lakh, with cost of materials consumed increasing to ₹510 lakh and employee benefits expense standing at ₹266 lakh.
What the Numbers Show
The expansion in profit before tax (PBT) outpaced revenue growth, indicating effective cost management. PBT surged 32.4% year-on-year to ₹466 lakh, while revenue grew by 23.3%. This divergence suggests an improvement in operating leverage during the quarter. Additionally, the significant jump in other income from ₹86 lakh to ₹124 lakh provided a supplementary boost to overall profitability, although core operational efficiency remained the primary driver of the earnings beat against the previous year's figures.
The company operates under a single segment, "Bearing," as defined under Ind AS 108. There were no subsidiaries, associates, or joint ventures, so consolidated financial results are not applicable. An interim dividend of ₹15 per equity share was previously declared and paid on May 07, 2026.
Historical Stock Returns for SNL Bearings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.21% | +0.73% | +0.42% | +6.97% | +0.33% | +41.37% |
How will the appointment of a new internal auditor impact SNL Bearings' compliance timelines and operational oversight for the remainder of FY26?
Given the 44.2% surge in other income, what specific non-operational factors contributed to this growth, and are they expected to be sustainable in Q2FY26?
With operating leverage improving as PBT growth outpaced revenue growth, can SNL Bearings maintain these margin expansions amidst rising material costs?
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