NRB Industrial Bearings Reports Q1 Results and Acquires Stake in Captive Solar Power Project
NRB Industrial Bearings Limited has announced the unaudited financial results for the quarter ended June 30, 2026. The company also confirmed its participation in a strategic captive solar power project through an equity acquisition in Lok Green Energy India Private Limited.The Board of Directors approved these results and the strategic move during its meeting held on Wednesday, August 05, 2026.
Financial Performance Highlights
The financial statements for the quarter ended June 30, 2026, were reviewed by the Audit Committee and approved by the Board. The company’s operations are primarily centered in the Bearings and related components segment.Key figures from the unaudited standalone results (reported in Rupees Lakhs) for the Quarter Ended June 30, 2026, are as follows:
| Financial Metric | Q ended June 30, 2026 | Q ended March 31, 2026 | Q ended June 30, 2025 | Year Ended March 31, 2026 |
|---|---|---|---|---|
| Total Income (1+2) | 1,975.97 | 2,173.03 | 1,982.72 | 8,033.68 |
| Total Expenses | 2,648.24 | 2,854.67 | 2,512.13 | (Figure truncated) |
| Loss before Tax (3-4) | (672.27) | (681.64) | (529.41) | (2,837.84) |
For the consolidated results, which include shares of associates and other comprehensive income, the figures for the quarter ended June 30, 2026, are:
| Financial Metric | Q ended June 30, 2026 | Q ended March 31, 2026 | Q ended June 30, 2025 | Year Ended March 31, 2026 |
|---|---|---|---|---|
| Total Income (1+2) | 1,975.97 | 2,173.03 | 1,982.72 | 8,033.68 |
| Loss before Tax | (672.27) | (681.64) | (529.41) | (2,837.84) |
Strategic Equity Acquisition in Solar Power Project
The Board also considered and approved the company's involvement in a Captive Solar Power Project through an acquisition of equity shares in Lok Green Energy India Private Limited.Details regarding the acquisition include:
- Target Entity: Lok Green Energy India Private Limited.
- Acquisition Stake: 9.08% of equity shares.
- Consideration: Cash investment up to Rs. 42,00,000 (Rupees Forty-Two Lakh Only).
- Industry: Renewable Energy.
The acquisition is aimed at meeting the company's green energy needs, optimizing energy costs, and complying with regulatory requirements for captive power consumption under electricity laws. Lok Green Energy India Private Limited is a Special Purpose Vehicle established for setting up a 3.7 MW Solar project in Nashik.
NIBL Stock Price Movement
Shares of NRB Industrial Bearings Limited are trending up in live trading, reaching ₹36.54 as of 3:19 PM today after gaining ₹1.19, or 3.37%. The stock is currently trading within a wide range, having touched a low of ₹34.50 and seeing a volume of 33,883 shares traded so far this session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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