NRB Bearing Limited

rs,

June 27, 2023 BSE Limited Corporate Relationship Department 1st Floor, P.J. Towers, Dalal Street Mumbai 400 001 Code No. 530367/ NRBBEARING National Stock Exchange of India Limite

Rs. 312.44 crore

Investor Release: NRB Bearings Limited Q4 FY23 Financial Performance  Revenue at Rs. 312.44 crores, growth of 22.75% y-o-y  EBITDA at Rs. 63.97 crores, growth of 52.24% y-o-y  PAT at Rs. 33.74

22.75%

e: NRB Bearings Limited Q4 FY23 Financial Performance  Revenue at Rs. 312.44 crores, growth of 22.75% y-o-y  EBITDA at Rs. 63.97 crores, growth of 52.24% y-o-y  PAT at Rs. 33.74 crores, growth of 9

Rs. 63.97 crore

Q4 FY23 Financial Performance  Revenue at Rs. 312.44 crores, growth of 22.75% y-o-y  EBITDA at Rs. 63.97 crores, growth of 52.24% y-o-y  PAT at Rs. 33.74 crores, growth of 93.24% y-o-y Mumbai, June 21st, 20

52.24%

e  Revenue at Rs. 312.44 crores, growth of 22.75% y-o-y  EBITDA at Rs. 63.97 crores, growth of 52.24% y-o-y  PAT at Rs. 33.74 crores, growth of 93.24% y-o-y Mumbai, June 21st, 2023: NRB Bearings Li

Rs. 33.74 crore

2.44 crores, growth of 22.75% y-o-y  EBITDA at Rs. 63.97 crores, growth of 52.24% y-o-y  PAT at Rs. 33.74 crores, growth of 93.24% y-o-y Mumbai, June 21st, 2023: NRB Bearings Limited, India’s premier bearing m

93.24%

% y-o-y  EBITDA at Rs. 63.97 crores, growth of 52.24% y-o-y  PAT at Rs. 33.74 crores, growth of 93.24% y-o-y Mumbai, June 21st, 2023: NRB Bearings Limited, India’s premier bearing manufacturer has ann

16.53%

EBITDA EBITDA Margins (%) Profit After Tax (PAT) PAT Margins (%) FY23 1057.16 174.74 16.53% 94.92 8.98% FY22 942.81 145.13 15.39% 75.61 8.02% Y-o-Y 12.13% 20.40% 25.54

8.98%

Margins (%) Profit After Tax (PAT) PAT Margins (%) FY23 1057.16 174.74 16.53% 94.92 8.98% FY22 942.81 145.13 15.39% 75.61 8.02% Y-o-Y 12.13% 20.40% 25.54% Consolidated

15.39%

AT) PAT Margins (%) FY23 1057.16 174.74 16.53% 94.92 8.98% FY22 942.81 145.13 15.39% 75.61 8.02% Y-o-Y 12.13% 20.40% 25.54% Consolidated Quarterly Financial Highlights:

8.02%

(%) FY23 1057.16 174.74 16.53% 94.92 8.98% FY22 942.81 145.13 15.39% 75.61 8.02% Y-o-Y 12.13% 20.40% 25.54% Consolidated Quarterly Financial Highlights: Particulars (Rs

12.13%

57.16 174.74 16.53% 94.92 8.98% FY22 942.81 145.13 15.39% 75.61 8.02% Y-o-Y 12.13% 20.40% 25.54% Consolidated Quarterly Financial Highlights: Particulars (Rs. Crs.) Q4 FY23

“Additionally, we anticipate an improvement in our exports starting this year.”

Investor Release

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Consolidated yearly Financial Highlights

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Consolidated Quarterly Financial Highlights

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Key Performance Highlights

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Investor Relations Advisors

1

Investor Release

NRB Bearings Limited Q4 FY23 Financial Performance  Revenue at Rs. 312.44 crores, growth of 22.75% y-o-y  EBITDA at Rs. 63.97 crores, growth of 52.24% y-o-y  PAT at Rs. 33.74 crores, growth of 93.24% y-o-y Mumbai, June 21st, 2023: NRB Bearings Limited, India’s premier bearing manufacturer has announced its financial results for the quarter and year ended 31st March 2023 on 30th May 2023. The following are the key highlights from the results:

Consolidated yearly Financial Highlights

Particulars (Rs. Crs.) Revenues EBITDA EBITDA Margins (%) Profit After Tax (PAT) PAT Margins (%) FY23 1057.16 174.74 16.53% 94.92 8.98% FY22 942.81 145.13 15.39% 75.61 8.02% Y-o-Y 12.13% 20.40% 25.54%

Consolidated Quarterly Financial Highlights

Particulars (Rs. Crs.) Q4 FY23 Q4 FY22 Y-o-Y Q3FY23 Revenues (Sales) EBITDA 312.44 63.97 254.54 42.02 EBITDA Margins (%) 20.47% 16.51% Profit After Tax (PAT) PAT Margins (%) 33.74 10.80% 17.46 6.86% 22.75% 52.24% 93.24% 251.09 34.46 13.72% 23.45 9.34% Q-o-Q 24.43% 85.64% 43.88%

Key Performance Highlights

– The Company achieved a significant milestone, surpassing Rs. 1,000 crores in revenues in FY23. Revenues increased by 12.13% YoY, reaching Rs. 1,057.16 crores as compared to Rs. 942.81 crores in FY22 – For Q4FY23, Revenues increased by 22.75% to Rs. 312.44 crores. EBITDA jumped by 52.24% and margins improved by 396 bps – The company has taken all the lagged price hikes and are now comfortably placed for the coming quarters – NRB Bearings (Thailand) LTD. also achieved milestone with revenues crossing Rs. 100 crores – Due diligence is in progress for land sale in Thane and the deal is expected to be closed by Q3 FY2024. Commenting on the performance, Ms. Harshbeena Zaveri, Managing Director said, “The demand for Indian auto components continues to remain robust, despite the economic challenges faced by the US and European countries. Companies in these regions are actively adopting strategies to diversify their sourcing away from China, seeking alternate sources of components. This trend

Investor Relations Advisors

NRB Bearings Ltd CIN: L29130MH1965PLC013251 Mr. Satish Rangani – Executive Director investorcare@nrbbearings.co.in Orient Capital (a division of Link Group) Ms. Payal Dave Payal.dave@linkintime.co.in +91 98199 16314