NRB Bearing Limited — Q1FY27 earnings call summary

• Defense/aerospace order book ~INR30 Cr; total defense orders ~INR50 Cr; aerospace revenue target INR300 Cr by 2031
• Q1 FY27 consolidated revenue grew 19.2% y-y to INR370 Cr; PAT up 15% to INR38 Cr
• FY31 revenue target around INR2,700 Cr based on 14.38% 12-month growth; aspirational INR3,000 Cr
• Margins expected between 18%-20% annually; focus on profitable, sustainable growth
• Capex of INR270 Cr planned; INR60 Cr invested, INR100 Cr ordered; plant commissioning by April 2027
• Standalone sales rose 14.7% y-y; PAT increased 31.7%; EBITDA up 21.7% y-y
• Strategic pivot to diversified high-margin verticals including aerospace, automotive adjacencies, electrification, robotics, and defense
• New US production order for GM Corvette planet pins validates US manufacturing footprint

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