SKF India LtdAutomobilesSKFINDIA
Q1 FY27 earnings callSKF India Ltd
SKF India completed its demerger to become a pure-play automotive company and is investing in capacity and technology for future growth in the mobility sector.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Standalone Revenue (FY 25-26) | Rs 2,129 crores | 15.4% | |
| Profit Before Tax (FY 25-26) | Rs 235 crores | -34% | |
| Revenue from Operations (FY 25-26) | Rs 3,440 crores | — | |
| EBITDA (FY 25-26) | Rs 449 crores | — | |
| Profit After Tax (FY 25-26) | Rs 217.77 crores | — | |
| EBITDA Margin (FY 25-26) | 13% | — | |
| Revenue (FY 25-26) | Rs 21,095 million | — | |
| Profit After Tax (FY 25-26) | Rs 117 crore | — |
Financials
| Quarter | Revenue | Net profit (PAT) | Basic EPS |
|---|---|---|---|
| Q3 FY25 | ₹1,256.10 Cr+15% YoY+1% QoQ | ₹109.50 Cr-17.1% YoY+16.3% QoQ | ₹22.15-17.1% YoY+16.3% QoQ |
| Q2 FY25 | ₹1,244.23 Cr+10.6% YoY+3.2% QoQ | ₹94.19 Cr+4.7% YoY-40.7% QoQ | ₹19.05+4.7% YoY— QoQ |
| Q1 FY25 | ₹1,206.22 Cr+4.9% YoY+0.2% QoQ | ₹158.93 Cr+2.9% YoY-9.3% QoQ | ₹0.00-100% YoY-100% QoQ |
| Q4 FY24 | ₹1,203.40 Cr+9.9% YoY+10.2% QoQ | ₹175.23 Cr+42.5% YoY+32.6% QoQ | ₹35.45+42.5% YoY+32.6% QoQ |
| Q3 FY24 | ₹1,092.31 Cr+1.4% YoY-2.9% QoQ | ₹132.16 Cr+13.3% YoY+46.9% QoQ | ₹26.73+13.3% YoY+46.9% QoQ |
TL;DR
- The company demerged its industrial business effective Oct 1, 2025, and is now a focused automotive business.
- Revenue grew 15.4% to Rs 2,129 crores for FY 25-26, though profit before tax declined ~34% due to one-off items.
- The company is investing Rs 500 crore in capex until 2028, with Rs 170-200 crore planned for 2026, mainly for capacity expansion.
- Strategy focuses on e-mobility, high-speed EV bearings, capacity expansion across three plants, and sustainability goals.
Said on the call
“SKF India is now a dedicated automotive company focused on delivering advanced mobility solutions across OEM and aftermarket segments.”
From the Q&A
| Topic | What management said |
|---|---|
| Capacity and Expansion | Capacity utilization is in excess of 90-95%, factories are full, and the company is planning a Rs 500 crore capex until 2028, with Rs 170-200 crore to be spent in 2026. |
| R&D and Technology | The SKF Group spends about 4% of revenue on R&D; AI/ML initiatives are in pilot stage; the Bangalore tech center has about 150 engineers. |
| Demerger and Competition | Post-demerger, SKF India is a pure-play automotive company; there is 'no true competition' exactly like it, but the company benchmarks against Schaeffler and Timken. |
| Workforce and Attrition | Total on-roll employees are 933; overall attrition is around 15%, while attrition at leadership level is about 5%; gender diversity ratio is 19%. |
| Financials and Shareholder Queries | A dividend of Rs 40 per share (400%) has been declared; there is no current plan for a share split; 21,375 equity shares were transferred to IEPF during the year. |
Guidance
- Capex of around Rs 500 crore is planned up to 2028, with Rs 170-200 crore to be spent in 2026 itself.
- Aim to achieve complete decarbonization of manufacturing operations by 2030.
- Strategy is to strengthen market leadership in e-mobility through innovation like high-speed EV bearings.
Source
Summary written from the transcript filed by SKF India Ltd for the call held on 14 Aug 2026; published 20 Aug 2026, 17:32 IST.