NRB Bearings Limited reported a net profit of Rs 26.39 crores for the first quarter ended June 30, 2025, marking a 50% increase from Rs 17.55 crores in the same period last year. The company’s board of directors approved these unaudited financial results during a meeting held on August 7, 2025.
Revenue from operations grew 9.9% year-on-year to Rs 278.56 crores in the April-June quarter, compared to Rs 253.35 crores in the corresponding period of the previous financial year.
The company returned to profitability after posting a loss of Rs 5.11 crores in the previous quarter, which was impacted by exceptional items totaling Rs 47.62 crores.
The board also approved the reappointment of Ms. Harshbeena Zaveri as Vice Chairman and Managing Director for a further five-year term from October 1, 2025, to September 30, 2030.
This decision requires approval from shareholders, the Central Government, and other necessary authorities. Zaveri has served as Managing Director since October 2010 and holds a degree from Wellesley College.
Under Zaveri’s leadership, the company has established research and development centers and expanded globally. NRB Bearings was recognized by Forbes as one of Asia’s Best 200 companies under $1 billion and received the Star Performer Award for Export Excellence in 2025 from the Engineering Export Promotion Council of India.
The board approved increasing the company’s authorized share capital from Rs 20 crores to Rs 40 crores, subject to shareholder approval. This move will provide the company with greater financial flexibility for future expansion and fund-raising activities.
Additionally, the board updated several policies to align with recent amendments to SEBI regulations and the Companies Act 2013, including policies for subsidiaries, insider trading regulations, related party transactions, corporate social responsibility, and materiality of events.
NRB Bearings Limited, established in 1965, manufactures bearings and friction solutions. The company operates from its registered office in Mumbai and has manufacturing facilities across India. Its shares are listed on both the Bombay Stock Exchange and National Stock Exchange under the symbols 530367 and NRBBEARING respectively.
The board meeting commenced at 2:30 PM and concluded at 6:05 PM on August 7, 2025. The company’s statutory auditors, Walker Chandiok & Co LLP, conducted a limited review of the quarterly financial results.