NRB Bearing Limited

rs,

February 14, 2024 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. 809 crore

Investor Release: NRB Bearings Limited reported Resilient Performance in 9MFY24 ✓ Revenue at Rs. 809 crores, growth of 8.7% y-o-y ✓ EBITDA at Rs. 146 crores, growth of 12.9% y-o-y ✓ PAT at Rs. 210 crores,

8.7%

Bearings Limited reported Resilient Performance in 9MFY24 ✓ Revenue at Rs. 809 crores, growth of 8.7% y-o-y ✓ EBITDA at Rs. 146 crores, growth of 12.9% y-o-y ✓ PAT at Rs. 210 crores, growth of 242.8%

Rs. 146 crore

ed Resilient Performance in 9MFY24 ✓ Revenue at Rs. 809 crores, growth of 8.7% y-o-y ✓ EBITDA at Rs. 146 crores, growth of 12.9% y-o-y ✓ PAT at Rs. 210 crores, growth of 242.8% y-o-y ✓ Debt reduction has been

12.9%

n 9MFY24 ✓ Revenue at Rs. 809 crores, growth of 8.7% y-o-y ✓ EBITDA at Rs. 146 crores, growth of 12.9% y-o-y ✓ PAT at Rs. 210 crores, growth of 242.8% y-o-y ✓ Debt reduction has been done with the pro

Rs. 210 crore

t Rs. 809 crores, growth of 8.7% y-o-y ✓ EBITDA at Rs. 146 crores, growth of 12.9% y-o-y ✓ PAT at Rs. 210 crores, growth of 242.8% y-o-y ✓ Debt reduction has been done with the proceeds from land sale Mumbai,

242.8%

f 8.7% y-o-y ✓ EBITDA at Rs. 146 crores, growth of 12.9% y-o-y ✓ PAT at Rs. 210 crores, growth of 242.8% y-o-y ✓ Debt reduction has been done with the proceeds from land sale Mumbai, February 14th, 202

2.9%

4 Q3 FY23 Y-o-Y 9M FY24 9M FY23 Y-o-Y Revenues (Sales) EBITDA 258 45 251 49 2.9% -7.4% 809 146 745 129 8.7% 12.9% EBITDA Margins (%) 16.8% 18.4% 17.6% 16.8%

7.4%

Y23 Y-o-Y 9M FY24 9M FY23 Y-o-Y Revenues (Sales) EBITDA 258 45 251 49 2.9% -7.4% 809 146 745 129 8.7% 12.9% EBITDA Margins (%) 16.8% 18.4% 17.6% 16.8% Profi

16.8%

258 45 251 49 2.9% -7.4% 809 146 745 129 8.7% 12.9% EBITDA Margins (%) 16.8% 18.4% 17.6% 16.8% Profit After Tax (PAT) 166 23 608.4% 210 61 242.8% PAT Marg

18.4%

45 251 49 2.9% -7.4% 809 146 745 129 8.7% 12.9% EBITDA Margins (%) 16.8% 18.4% 17.6% 16.8% Profit After Tax (PAT) 166 23 608.4% 210 61 242.8% PAT Margins (%)

17.6%

1 49 2.9% -7.4% 809 146 745 129 8.7% 12.9% EBITDA Margins (%) 16.8% 18.4% 17.6% 16.8% Profit After Tax (PAT) 166 23 608.4% 210 61 242.8% PAT Margins (%) 62.1%

“The new machines have been received and we expect supplies to normalise within the next quarter.”

“The funds will be utilized towards reduction of debt, which will result in lower finance costs going forward.”

Investor Release

1

Consolidated Quarterly Financial Highlights

1

Key Performance Highlights

1

Investor Relations Advisors

1

Investor Release

NRB Bearings Limited reported Resilient Performance in 9MFY24 ✓ Revenue at Rs. 809 crores, growth of 8.7% y-o-y ✓ EBITDA at Rs. 146 crores, growth of 12.9% y-o-y ✓ PAT at Rs. 210 crores, growth of 242.8% y-o-y ✓ Debt reduction has been done with the proceeds from land sale Mumbai, February 14th, 2024: NRB Bearings Limited, India’s premier bearing manufacturer has announced its financial results for the quarter ended 31st December 2023 on 13th February 2024. The following are the key highlights from the results:

Consolidated Quarterly Financial Highlights

Particulars (Rs. Crores.) Q3 FY24 Q3 FY23 Y-o-Y 9M FY24 9M FY23 Y-o-Y Revenues (Sales) EBITDA 258 45 251 49 2.9% -7.4% 809 146 745 129 8.7% 12.9% EBITDA Margins (%) 16.8% 18.4% 17.6% 16.8% Profit After Tax (PAT) 166 23 608.4% 210 61 242.8% PAT Margins (%) 62.1% 8.9% 25.3% 8.0%

Key Performance Highlights

– Our resilient performance in the 9MFY24 is showing the impact of our strategy to de-risk the business by reducing dependence on domestic sales and restructuring the international business. The strategy to systematically strengthen the business growth and reduce risk while mitigating price pressure is yielding positive results. – Our 9MFY24 Outlook: o Production at Waluj: Fire at our Waluj plant affected an auto component manufacturing line, which impacted ~5% of our topline. The new machines have been received and we expect supplies to normalise within the next quarter. o Demand Scenario: Slowdown in the last quarter in rural economy led to lower off takes of farm equipment and two-wheelers, along with challenges such as material input shortages and rising prices. However, commercial and passenger vehicle segments have shown good growth, and momentum is expected to be maintained in the coming months. The sales improved overall in January, with the automotive market indicating a rebou

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