NRB Bearing Limited

rs,

August 28, 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. 272 crore

Investor Release: NRB Bearings Limited Q1 FY24 Financial Performance  Revenue at Rs. 272 crores, growth of 15.2% y-o-y  EBITDA at Rs. 45 crores, growth of 5.7% y-o-y  PAT at Rs. 19 crores, g

15.2%

ease: NRB Bearings Limited Q1 FY24 Financial Performance  Revenue at Rs. 272 crores, growth of 15.2% y-o-y  EBITDA at Rs. 45 crores, growth of 5.7% y-o-y  PAT at Rs. 19 crores, growth of -22.4% y-

Rs. 45 crore

ted Q1 FY24 Financial Performance  Revenue at Rs. 272 crores, growth of 15.2% y-o-y  EBITDA at Rs. 45 crores, growth of 5.7% y-o-y  PAT at Rs. 19 crores, growth of -22.4% y-o-y Mumbai, August 24th, 2023:

5.7%

formance  Revenue at Rs. 272 crores, growth of 15.2% y-o-y  EBITDA at Rs. 45 crores, growth of 5.7% y-o-y  PAT at Rs. 19 crores, growth of -22.4% y-o-y Mumbai, August 24th, 2023: NRB Bearings Lim

Rs. 19 crore

at Rs. 272 crores, growth of 15.2% y-o-y  EBITDA at Rs. 45 crores, growth of 5.7% y-o-y  PAT at Rs. 19 crores, growth of -22.4% y-o-y Mumbai, August 24th, 2023: NRB Bearings Limited, India’s premier bearing

22.4%

of 15.2% y-o-y  EBITDA at Rs. 45 crores, growth of 5.7% y-o-y  PAT at Rs. 19 crores, growth of -22.4% y-o-y Mumbai, August 24th, 2023: NRB Bearings Limited, India’s premier bearing manufacturer has

16.68%

FY24 Q1 FY23 Revenues (Sales) EBITDA 272.02 45.38 236.11 42.93 EBITDA Margins (%) 16.68% 18.18% Profit After Tax (PAT) PAT Margins (%) 18.99 6.98% 24.46 10.36% Y-o-Y 15.2

18.18%

FY23 Revenues (Sales) EBITDA 272.02 45.38 236.11 42.93 EBITDA Margins (%) 16.68% 18.18% Profit After Tax (PAT) PAT Margins (%) 18.99 6.98% 24.46 10.36% Y-o-Y 15.2% 5.7%

6.98%

42.93 EBITDA Margins (%) 16.68% 18.18% Profit After Tax (PAT) PAT Margins (%) 18.99 6.98% 24.46 10.36% Y-o-Y 15.2% 5.7% -22.4% Q4FY23 312.44 64.33 20.59% 34.97 11.19

10.36%

Margins (%) 16.68% 18.18% Profit After Tax (PAT) PAT Margins (%) 18.99 6.98% 24.46 10.36% Y-o-Y 15.2% 5.7% -22.4% Q4FY23 312.44 64.33 20.59% 34.97 11.19% Q-o-Q -12.9

20.59%

ns (%) 18.99 6.98% 24.46 10.36% Y-o-Y 15.2% 5.7% -22.4% Q4FY23 312.44 64.33 20.59% 34.97 11.19% Q-o-Q -12.9% -29.5% -45.7% Key Performance Highlights: – For Q1FY24, R

“We anticipate significant growth in this segment throughout the year and are fully equipped to tackle any associated challenges.”

“Additionally, I am pleased to share that our ongoing land deal is on track to close as scheduled by the end of the second quarter.”

Investor Release

1

Consolidated Quarterly Financial Highlights

1

Key Performance Highlights

1

Investor Relations Advisors

1

Investor Release

NRB Bearings Limited Q1 FY24 Financial Performance  Revenue at Rs. 272 crores, growth of 15.2% y-o-y  EBITDA at Rs. 45 crores, growth of 5.7% y-o-y  PAT at Rs. 19 crores, growth of -22.4% y-o-y Mumbai, August 24th, 2023: NRB Bearings Limited, India’s premier bearing manufacturer has announced its financial results for the quarter ended 30th June 2023 on 11th August 2023. The following are the key highlights from the results:

Consolidated Quarterly Financial Highlights

Particulars (Rs. Crs.) Q1 FY24 Q1 FY23 Revenues (Sales) EBITDA 272.02 45.38 236.11 42.93 EBITDA Margins (%) 16.68% 18.18% Profit After Tax (PAT) PAT Margins (%) 18.99 6.98% 24.46 10.36% Y-o-Y 15.2% 5.7% -22.4% Q4FY23 312.44 64.33 20.59% 34.97 11.19% Q-o-Q -12.9% -29.5% -45.7%

Key Performance Highlights

– For Q1FY24, Revenues increased by 15.2% to Rs. 272 crores. Revenues were impacted due fire breakout at Waluj Plant. – EBITDA grew by 5.7% in Q1FY24 to 45 crores. Margins for the quarter stood at 16.7%. – Land sale deal in Thane is on track and is expected to be closed by Q2FY2024. Commenting on the performance, Ms. Harshbeena Zaveri, Managing Director said, “Despite various challenges, we are optimistic about our market position. Both the domestic and export markets are performing well, which has contributed to our confidence in the upcoming quarters. We are cautiously optimistic and are poised to capitalize on the favorable market conditions. The unfortunate incident of fire breakout that occurred at our Waluj plant led to restrictions on access, which affected our top-line performance. While some of our production lines were directly damaged, the limitations on access also disrupted the operations of other unaffected lines. Our team worked tirelessly to restore production, and curr

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