NRB Bearings Limited, a leading manufacturer of bearings in India, has reported a robust performance for the first half of fiscal year 2026, with a 21% growth in earnings. The company has also unveiled an ambitious ₹500 crore capital expenditure plan to fuel its expansion into industrial segments and aerospace over the next five years.

Financial Performance

NRB Bearings delivered impressive results in H1 FY26:

• 21% earnings growth in the first half
• PAT margins improved to 12% in Q2
• Secured lifetime-nominated business worth ₹750 crores from global customers

Expansion Plans

The company has outlined a significant expansion strategy:

• ₹500 crore CAPEX plan over five years
• Focus on expanding into industrial segments and aerospace
• Targeting ₹2,500 crore revenue by 2031

New Business Wins

NRB Bearings has secured important contracts with prestigious global automotive manufacturers:

• Lifetime-nominated business from BMW, Mercedes-Benz, and Stellantis
• Orders for advanced hybrid and EV platforms

Industrial and Aerospace Expansion

The company is making strategic moves to diversify its portfolio:

• Entering high-margin, high-entry barrier industrial markets
• Focus on off-highway and construction equipment, robotics, automation, and drones
• Plans to enter the aerospace sector, with a potential acquisition to speed up certification processes

Manufacturing Footprint

NRB Bearings is expanding its manufacturing capabilities:

• New plant in Hyderabad for industrial cylindrical roller bearings
• Upgrades planned for Jalna and Pantnagar plants
• Thailand facility demonstrating success in international operations

Technology and Innovation

The company emphasized its commitment to research and development:

• Continued focus on EV-agnostic products
• Development of new products for both automotive and industrial sectors
• In-house design capabilities for specialized bearings, including for aerospace applications

Market Position

NRB Bearings highlighted its strong market presence:

• Products used in over 90% of vehicles on Indian roads

Future Outlook

The company maintains a positive outlook:

• Targeting 17-18% Return on Equity (ROE)
• Focused on high-margin, customized solutions
• Aiming for risk-mitigated growth across various sectors

NRB Bearings' strong performance and strategic expansion plans demonstrate its commitment to growth and innovation in the bearing industry. The company's focus on diversification into industrial and aerospace sectors, coupled with its strong presence in the automotive market, positions it well for future growth. Investors will be watching closely as NRB Bearings works towards its ambitious revenue target of ₹2,500 crore by 2031.

NRB Bearings , India's leading manufacturer of cylindrical and needle roller bearings, has announced robust financial results for the second quarter and half-year ended September 30, 2025. The company demonstrated strong operational performance, with significant growth in profitability and improved margins.

Financial Highlights

For the second quarter of FY2026, NRB Bearings reported:

For the half-year ended September 30, 2025, the company's performance was even more impressive:

Dividend Declaration

The Board of Directors has declared an interim dividend of ₹2.50 per equity share (125% on face value of ₹2 each) for FY2026. This follows the payment of a final dividend of ₹4.30 per share (215%) for the previous financial year, which was approved by shareholders at the Annual General Meeting held on September 11, 2025.

Strategic Initiatives and Future Outlook

Ms. Harshbeena Zaveri, Managing Director of NRB Bearings, commented on the company's performance: "We are pleased to report our Q2FY26 and H1FY26 results, reflecting steady growth and continued strong financial performance for three quarters in a row, despite the delay of the GST implementation that cast a shadow on the last quarter demand."

The company is focusing on several strategic initiatives:

1. Expanding product range and market penetration
2. Leveraging R&D capabilities for existing OEMs in Mobility Friction Solutions
3. Aggressively entering the Industrial friction solutions space
4. Targeting high-growth and under-penetrated segments in sunrise industries

NRB Bearings has embarked on a ₹200 crore expansion plan, which is the first phase of its roadmap to reach an aspirational vision of ₹2,500+ crore turnover by 2031.

Corporate Actions

1. The company completed the acquisition of an 8.5% stake in Ampere Private Limited to source solar power as a captive consumer for up to 15 MWp in Maharashtra, enhancing its renewable energy usage.

2. The Board of Directors has given in-principle approval to acquire a minimum 99% stake in Sahney Bearings Private Limited from one of the company's promoters on an arm's length basis.

3. The authorized share capital of the company has been increased from ₹2,000 lakhs to ₹4,000 lakhs, comprising 200,000,000 equity shares of ₹2 each.

NRB Bearings continues to focus on diversifying beyond automotive, while retaining its edge in that market. The company is rapidly expanding into industrials, aerospace, and defense industries, supported by selective and strategic acquisitions and joint ventures for faster market entry.

With its strong financial performance, strategic initiatives, and focus on sustainable growth, NRB Bearings appears well-positioned to capitalize on emerging opportunities in the bearing industry and related sectors.