Abrasives & Bearings company SKF India announced Q1FY27 results Standalone Financial Highlights: 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). 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. 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. 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. 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). 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. 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. Consolidated Financial Highlights: 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). 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. 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. 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. 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. Basic and diluted EPS for Q1FY27 was Rs 12.5, as against Rs (4.0) in Q4FY26 and Rs 23.9 in Q1FY26. Business Highlights: Corporate Restructuring: 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. Bilateral Advance Pricing Agreement (BAPA): 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). Labour Codes Impact: 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. Shareholding Changes: 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). Land Transfer: 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. Shailesh Kumar Sharma, Managing Director, SKF India, said: “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.” Mayank Holani, Chief Financial Officer, SKF India, said: “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.” Result PDF
Abrasives & Bearings company SKF India announced Q4FY26 & FY26 results Consolidated Financial Highlights: Revenue from operations for Q4FY26 was Rs 5,945.4 million, representing a 3.10% increase QoQ from Rs 5,766.4 million in Q3FY26, but a 51.00% decrease YoY compared to Rs 12,133.7 million in Q4FY25, primarily due to the demerger of the industrial undertaking. Total income for the quarter stood at Rs 6,313.0 million, up 4.00% QoQ from Rs 6,070.7 million and down 48.50% YoY from Rs 12,258.7 million in Q4FY25. Profit before tax for Q4FY26 was Rs 465.7 million, showing a decline of 46.13% from Rs 863.5 million in Q3FY26 and a decline of 83.10% YoY from Rs 2,756.5 million. The Group reported a Net Loss for Q4FY26 of Rs 197.6 million, compared to a Net Profit of Rs 620.0 million in Q3FY26 and Rs 2,032.8 million in Q4FY25. For the full year ended March 31, 2026 (FY26), consolidated revenue from operations was Rs 37,633.9 million, compared to Rs 49,199.2 million in FY25. Annual Net Profit for FY26 stood at Rs 2,659.4 million, registering a decrease of 53.01% compared to Rs 5,659.1 million in FY25. Standalone Financial Highlights: Revenue from operations for Q4FY26 was Rs 5,945.4 million, up 3.10% QoQ from Rs 5,766.4 million in Q3FY26 and up 20.68% YoY compared to Rs 4,926.5 million for continuing operations in Q4FY25. Total income for the quarter reached Rs 6,313.0 million, registering a growth of 3.99% QoQ from Rs 6,070.7 million and a growth of 27.95% YoY from Rs 4,933.8 million for continuing operations. Profit before tax for the quarter was Rs 461.0 million, down 46.61% from Rs 863.4 million in Q3FY26 and down 58.37% YoY from Rs 1,107.4 million in Q4FY25. Standalone results recorded a Net Loss for Q4FY26 of Rs 202.3 million, as against a profit of Rs 619.9 million in Q3FY26 and Rs 813.8 million in Q4FY25 for continuing operations. For FY26, standalone revenue from operations for continuing operations was Rs 21,295.9 million, up 15.40% from Rs 18,453.4 million in FY25. Annual Standalone Net Profit for FY26 reached Rs 2,660.1 million, compared to Rs 5,658.1 million in FY25. Business Highlights: Demerger of Industrial Undertaking: The company successfully implemented the demerger of its Industrial Undertaking to SKF India (Industrial) Limited, effective October 01, 2025. Consequently, the Industrial Undertaking is presented as discontinued operations in these results. Segment Performance: The company manufactures bearings and other related components and operates as a single business segment. Dividend: The Board of Directors recommended a final dividend of Rs 40/- per equity share (400% of the face value of Rs 10/- each) for the financial year ended March 31, 2026. This dividend, if approved, will result in a total payout of Rs 1,977.6 million. Bilateral Advance Pricing Agreement (BAPA): On March 18, 2026, the company entered into a BAPA with the Central Board of Direct Taxes (CBDT), covering financial years FY 2012-13 to FY 2020-21. This resulted in an incremental tax expense of Rs 614.8 million, including interest of Rs 72.8 million. Exceptional Items: The results include a statutory impact of new Labour Codes recognized as an exceptional item, consisting of a gratuity provision of Rs 24 million for FY26. Additionally, the company accounted for demerger expenses aggregating to Rs 334.4 million under exceptional items. Capital Expenditure: In account of the demerger, the company is in the process of transferring land parcels. The resulting company has recognized stamp duty costs and estimated transfer premiums amounting to Rs 1,639.2 million. Result PDF