Analysts/Institutional Investor Meet/Con. Call Updates

August 13, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Exchange Plaza, C-1, Block - G, Bandra Kurla Street, Mumbai - 400 001 Complex, Bandra (East), Mumbai - 400 051 Scrip Code:530367 Symbol: NRBBEARING Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Revised Earnings Call Transcript Dear Sir/Madam, With reference to the Earnings call transcript on the unaudited Standalone and Consolidated Financial Results of the Company for Q1 FY 2026-27 uploaded earlier today, we wish to inform you that a typographical error has been noticed in the said transcript. Accordingly, we are filing the revised Earnings Call transcript with the necessary correction. You are requested to kindly take the revised transcript on record. Thanking you, For NRB BEARINGS LIMITED Khyati Danani Company Secretary & Compliance Officer Membership no. A21844 “NRB Bearings Limited Q1 FY27 Earnings Conference Call” August 10, 2026 MANAGEMENT: MS. HARSHBEENA ZAVERI – VICE CHAIRMAN AND MANAGING DIRECTOR – NRB BEARINGS LIMITED MODERATOR: MR. DIWAKAR PINGLE – ERNST & YOUNG Page 1 of 13 NRB Bearings Limited August 10, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the NRB Bearings Limited Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this call is being recorded. I now hand the conference over to Mr. Diwakar Pingle from Ernst & Young. Thank you, and over to you, sir. Diwakar Pingle: Thank you. Good afternoon to all the participants on this call. Before we proceed to this call, let me remind you that the discussion may contain forward-looking statements that may involve known or unknown risks, uncertainties, and other factors. It must be viewed in conjunction with the business risks that could cause future result, performance, or achievement to differ significantly from what is expressed or implied by such forward-looking statements. Please note that we have mailed the results and the same are available on the company's website. In case if you have not received the same, you can write to us and we'll be happy to send the same over to you. To take us through the results and answer your questions today, we have the top management of NRB Bearings Limited represented by Harshbeena Zaveri, Vice Chairman and Managing Director. We will start the call with a brief overview of the quarter gone past and then conduct the Q&A session. With that said, I'll now hand over the call to Harshbeena Zaveri. Over to you, ma'am. Harshbeena Zaveri: Hello everyone. Apologies for my voice, just like most of Mumbai, I have a sore throat and a slight problem because of that. I hope that I am audible and that my voice is clear enough. Is it clear enough, ma'am? Moderator: Yes, ma'am, loud and clear. Harshbeena Zaveri: Thank you very much. So I am very delighted to be interacting once again with all our investors. Our Q1 performance reflects the momentum created through a year of disciplined execution. NRB’s trailing 12-months track record for profit growth is the highest. This is due to a high growth and highly diversified approach while staying true to our competencies. This is also evidence that NRB's diversification strategy is showing results. Our margin improvement is driven by structural action, capacity expansion, and thoughtful diversification. Throughout the year, we have remained prudent in our capital allocation, steadfast in our focus on delivering long-term value creation for our shareholders, moving step by step into an accelerated, profitable, and sustainable high-growth trajectory. Key performance indicators and Page 2 of 13 NRB Bearings Limited August 10, 2026 financial highlights are, revenue from operations which stood at INR370 crores in Q1 compared to INR310 crores the year before, reflecting a growth of 19.2% on a consolidated basis. Profit after tax increased to INR38 crores in Q1 FY27 as against INR33 crores registering an increase of 15% on a consolidated basis. Standalone results showed extremely healthy growth with sales rising 14.7% Y-o-Y and PAT rising 31.7% year-on-year. Similarly, standalone EBITDA showed a growth of 21.7% Y-o-Y. These numbers not only demonstrate the resilience of our business and the strength of our intent but also underscore our ability to consistently deliver profitable growth. The numbers are proof that our strategy has begun to work. Behind these strong financial results lies a transformative story in the making of NRB's deliberate, deeply studied strategic pivot. This is built on advanced manufacturing processes, proprietary and copyrighted computational analysis software, simulation capabilities, and a totally integrated approach which combines a lot of technical strengths, particularly on the R&D side. This includes kinematic motion studies, dynamic light weighting, noise reduction technologies, and domain expertise in material science, sealing, and lubrication technology to deliver breakthrough friction solutions. Our backbone is our R&D, and transforming engineering prowess directly into growth in new verticals is our focus. We have identified the verticals for future growth based on such capabilities that exist in our company today, and selected products through which we can enhance our leadership position. I want to be clear, while this is a fresh start, it's not any speculative leap into unknown territory. This strategic direction is built entirely on the corporate strengths we systematically developed over the last decade. And the target markets are adjacent spaces where customers seek the same strengths that our traditional automotive customers rely on us for. The idea is unlocking the true commercial value of our core assets. Having built this world-class foundation, we are now deploying it to capture high-margin opportunities across emerging and traditional both segments. We are strategically broadening our addressable market across six vital vectors. Many of these are between USD10 billion to USD14 billion market opportunities. The first, small, but critically important in the future, is aerospace. What are we doing here? We are buying speed, not scale. Many people have asked us why are we acquiring a relatively small aerospace company where our plans for this space are extremely ambitious, which they are. The answer is simple. We bought access, not capacity. Moving to automotive adjacencies is the next. We are moving beyond traditional boundaries within our core automotive business going well beyond legacy products into adjacent higher- value spaces where our precision engineering manufacturing capabilities are a huge advantage. Tapered and ball bearing wheel hubs, spherical roller bearings, automotive applications beyond transmission and chassis, to steering systems, one-way clutch, wheel bearings. Page 3 of 13 NRB Bearings Limited August 10, 2026 The third, beyond EV electrification. You already know our EV and AV agnostic strategies. But we view electrification holistically. We have recently combined our electric mobility vertical in our engineering to go beyond just mobility, to electrification. I mentioned last time about the business that we got with Siemens in this space. There are many more new announcements which will follow in the next three to six months as we collect opportunities and engage with potential customers in this space. So, we will move of course into high-frequency drives, commercial EV fleets, electric vehicles, electric two- wheelers, off-highway e-mobility, industrial electrification, where electrical erosion mitigation and ultra-low friction torque are paramount. The fourth one, mobility beyond curr [Showing first 8,000 characters — download PDF for full document]