SKF India Share Price

<h3><span style="font-size:16px;"><strong>Abrasives & Bearings company SKF India announced Q1FY27 results</strong></span></h3> <p _ngcontent-ng-c1940132427=""><strong>Standalone Financial Highlights:</strong></p> <ul> <li _ngcontent-ng-c1940132427="">Revenue from operations for Q1FY27 was Rs 5,877.9 million, representing a marginal QoQ decrease of 1.14% from Rs 5,945.4 million in Q4FY26 and a YoY increase of 27.09% from Rs 4,625.0 million in Q1FY26 (continuing operations).</li> <li _ngcontent-ng-c1940132427="">Other income during Q1FY27 stood at Rs 123.7 million, showing a QoQ decrease of 66.35% from Rs 367.6 million in Q4FY26 and a YoY growth of 158.25% from Rs 47.9 million in Q1FY26.</li> <li _ngcontent-ng-c1940132427="">Total income for the quarter Q1FY27 reached Rs 6,001.6 million, down by 4.93% QoQ from Rs 6,313.0 million in Q4FY26, but up by 28.43% YoY from Rs 4,672.9 million in Q1FY26.</li> <li _ngcontent-ng-c1940132427="">Profit before tax for Q1FY27 was Rs 837.8 million, reflecting a QoQ increase of 81.74% from Rs 461.0 million in Q4FY26 and a YoY increase of 32.67% from Rs 631.5 million in Q1FY26.</li> <li _ngcontent-ng-c1940132427="">Net profit for the period Q1FY27 stood at Rs 618.4 million. This was a turnaround from a net loss of Rs 202.3 million in Q4FY26, while it showed a YoY decrease of 47.86% compared to Rs 1,186.0 million in Q1FY26 (which included discontinued operations).</li> <li _ngcontent-ng-c1940132427="">Total comprehensive income for Q1FY27 was reported at Rs 610.9 million, marking a turnaround from a total comprehensive loss of Rs 232.5 million in Q4FY26 and a YoY decline of 48.49% from Rs 1,186.0 million in Q1FY26.</li> <li _ngcontent-ng-c1940132427="">Basic and diluted earnings per share (EPS) for Q1FY27 (continuing operations) was Rs 12.5, compared to a loss per share of Rs 4.1 in Q4FY26 and an EPS of Rs 9.5 in Q1FY26.</li> </ul> <p _ngcontent-ng-c1940132427=""><strong>Consolidated Financial Highlights:</strong></p> <ul> <li _ngcontent-ng-c1940132427="">Revenue from operations in Q1FY27 was Rs 5,877.9 million, down 1.14% QoQ from Rs 5,945.4 million in Q4FY26. On a YoY basis, it reflected a decrease of 54.19% from Rs 12,831.5 million in Q1FY26 (due to the impact of the demerger).</li> <li _ngcontent-ng-c1940132427="">Total income for the group in Q1FY27 stood at Rs 6,001.6 million, a decrease of 4.93% QoQ from Rs 6,313.0 million in Q4FY26 and a decrease of 53.77% YoY from Rs 12,982.7 million in Q1FY26.</li> <li _ngcontent-ng-c1940132427="">Profit before tax for Q1FY27 reached Rs 838.6 million, representing a QoQ growth of 80.07% from Rs 465.7 million in Q4FY26 and a YoY decrease of 47.53% from Rs 1,598.4 million in Q1FY26.</li> <li _ngcontent-ng-c1940132427="">Consolidated net profit for Q1FY27 was Rs 619.2 million, showing a turnaround from a net loss of Rs 197.6 million in Q4FY26 and a YoY decrease of 47.62% from Rs 1,182.1 million in Q1FY26.</li> <li _ngcontent-ng-c1940132427="">Total comprehensive income for the period Q1FY27 stood at Rs 611.7 million, compared to a loss of Rs 227.8 million in Q4FY26 and a profit of Rs 1,182.1 million in Q1FY26.</li> <li _ngcontent-ng-c1940132427="">Basic and diluted EPS for Q1FY27 was Rs 12.5, as against Rs (4.0) in Q4FY26 and Rs 23.9 in Q1FY26.</li> </ul> <p _ngcontent-ng-c1940132427=""><strong>Business Highlights:</strong></p> <ul> <li _ngcontent-ng-c1940132427=""><strong _ngcontent-ng-c1940132427="">Corporate Restructuring:</strong> The company implemented a Scheme of Arrangement between SKF India Limited ("Demerged Company") and SKF India (Industrial) Limited ("Resulting Company"), effective October 1, 2025. Post-scheme, the Resulting Company ceased to be a subsidiary. The assets, liabilities, and retained earnings of the Industrial Undertaking were transferred to the Resulting Company at book value.</li> <li _ngcontent-ng-c1940132427=""><strong _ngcontent-ng-c1940132427="">Bilateral Advance Pricing Agreement (BAPA):</strong> In Q4FY26, the company entered into a BAPA with the Central Board of Direct Taxes (CBDT) covering FY13 to FY21. This resulted in an incremental tax expense of Rs 614.8 million (including interest of Rs 72.8 million).</li> <li _ngcontent-ng-c1940132427=""><strong _ngcontent-ng-c1940132427="">Labour Codes Impact:</strong> The company assessed the statutory impact of new Labour Codes and recognized an incremental gratuity cost of Rs 24 million for the year ended March 31, 2026.</li> <li _ngcontent-ng-c1940132427=""><strong _ngcontent-ng-c1940132427="">Shareholding Changes:</strong> On October 1, 2025, SKF (UK) Ltd and SKF Forvaltning transferred their holdings to AB SKF. Subsequently, AB SKF transferred its entire holding of 25,992,059 equity shares (52.58% stake) to SKF Interim AB (now renamed SKF Vertevo AB).</li> <li _ngcontent-ng-c1940132427=""><strong _ngcontent-ng-c1940132427="">Land Transfer:</strong> The company is in the process of transferring certain land parcels to the Resulting Company. The Resulting Company has recognized stamp duty and transfer premium costs amounting to Rs 1,639.2 million, which it has agreed to bear entirely.</li> </ul> <p><strong>Shailesh Kumar Sharma, Managing Director, SKF India, said:</strong> “We have started FY27 on a resilient note, reflecting the strength of our business portfolio, customer-centric approach and disciplined execution. While the operating environment continues to evolve, we remain focused on delivering sustainable and profitable growth by leveraging our technology leadership, local manufacturing capabilities and strong customer partnerships.”</p> <p><strong>Mayank Holani, Chief Financial Officer, SKF India, said:</strong> “We remain focused on strengthening operational efficiency and improving cost competitiveness while maintaining a disciplined approach to profitability. Our continued focus on these priorities will help us drive sustainable performance and create long-term value for our stakeholders.”</p> <p><a class="lb" href="/get-document/post/pdf/5785480/" target="_blank">Result PDF</a></p>

• Trendlyne
• 23 hours 58 minutes ago

Please find enclosed herewith the copy of Press Release in connection with the Unaudited Financial Results (Standalone and Consolidated) for the First Quarter ended 30th June 2026.

• BSE India
• 1 day ago

Pursuant to Regulation 30 and 33 of SEBI (LODR) Regulation, 2015 we wish to inform you that the Board of Directors of the Company at its meeting held on 12th August 2026 commenced at 18:30 Hrs (IST) and concluded at 19:30 Hrs (IST) has inter-alia considered and approved the Unaudited Financial Results (Standalone and Consolidated) for first quarter ended 30th June 2026

• BSE India
• 1 day 15 hours ago