SKF India Reports Q1 FY27 Consolidated Profit of INR 619.2 Million

PUNE — Bearings and technology solutions provider SKF India Ltd declared its financial results for the first quarter ended June 30, 2026 (Q1 FY27), recording consolidated revenue from operations of INR 5,877.9 million (INR 5.88 billion) and a consolidated net profit of INR 619.2 million.

The Board of Directors approved the unaudited standalone and consolidated financial results during a meeting held on August 12, 2026, following a limited review by statutory auditors Deloitte Haskins & Sells LLP, who issued an unmodified opinion. The quarterly performance highlights operational stability across core business segments following the corporate demerger of its industrial undertaking executed in late 2025.

Financial Performance and Operational Breakdown

During the April–June 2026 quarter, SKF India Ltd reported total consolidated income of INR 6,001.6 million, supported by operational revenues and other income of INR 123.7 million. Total expenses for the period stood at INR 5,163.8 million, driven by cost of materials consumed at INR 2,203.0 million, stock-in-trade purchases of INR 1,238.2 million, and employee benefit expenses of INR 503.5 million.

Consolidated profit before tax (PBT) reached INR 838.6 million, which included a modest INR 0.8 million share of profit from associate entities Clean Max Taiyo Private Limited and Sunstrength Renewables Private Limited. Total income tax expenses for the quarter amounted to INR 219.4 million, comprising current tax of INR 191.3 million and a deferred tax charge of INR 28.1 million. Basic and diluted earnings per share (EPS) for the quarter stood at INR 12.5 per share.

SKF India Ltd - Q1 FY27 Consolidated Financial Highlights

• Revenue from Operations: INR 5,877.9 million

• Total Income: INR 6,001.6 million

• Total Expenses: INR 5,163.8 million

• Profit Before Tax (PBT): INR 838.6 million

• Net Profit (PAT): INR 619.2 million

• Basic & Diluted EPS: INR 12.5

(Source: Corporate Regulatory Filings to BSE and NSE)

Corporate Demerger and Shareholding Structure

The figures for Q1 FY27 reflect the corporate structure following the National Company Law Tribunal (NCLT) approved Scheme of Arrangement, which demerged the industrial undertaking into SKF India (Industrial) Limited effective October 1, 2025. Consequently, financial results for prior periods are re-presented under accounting standards to reflect discontinued operations, rendering direct year-on-year quarter comparisons non-comparable.

The filings also confirmed structural changes in ultimate parent entity holdings. As of March 9, 2026, promoter group entity SKF Vertevo AB (formerly SKF Interim AB) holds 25,992,059 equity shares, representing a 52.58% controlling stake in SKF India Ltd.

Impact on Investors and Capital Markets

For institutional investors and retail shareholders, the Q1 FY27 results signal operational clarity following complex corporate restructuring and tax adjustments. During the preceding quarter (Q4 FY26), the company recorded tax-related adjustments pursuant to a Bilateral Advance Pricing Agreement (BAPA) with the Central Board of Direct Taxes (CBDT) covering historical financial years from FY 2012-13 to FY 2020-21. The filing of modified tax returns under section 92CD of the Income-tax Act, 1961, during Q1 FY27 closes lingering tax liabilities, presenting a cleaner balance sheet moving forward.

Official Sources Section

The financial details were officially disclosed in regulatory filings submitted to the National Stock Exchange of India Limited under symbol SKFINDIA and BSE Limited under scrip code 500472. Regulatory notifications were signed by Managing Director Shailesh Sharma, Chief Financial Officer Mayank Holani, and Company Secretary Mayuri Kulkarni.

Quote Section

According to official regulatory declarations filed with the stock exchanges:

"The Unaudited Financial Results (Standalone and Consolidated) for the first quarter ended 30th June 2026 of the Company together with Limited Review Report of the Statutory Auditors were placed before the Board of Directors and taken on record with unmodified opinion."

Why It Matters

SKF India Ltd is a primary supplier of bearings, seals, and lubrication systems across automotive and industrial value chains. The quarterly stability provides insight into broad manufacturing demand across OEM and aftermarket automotive channels in India. Additionally, the resolution of legacy transfer pricing adjustments under BAPA eliminates long-standing tax uncertainties for market participants.

Key Facts at a Glance

• Consolidated Operational Revenue: Reported at INR 5,877.9 million for Q1 FY27.

• Consolidated Profit After Tax: Stood at INR 619.2 million with EPS at INR 12.5.

• Auditor Opinion: Deloitte Haskins & Sells LLP issued an unmodified limited review report.

• Promoter Holding: SKF Vertevo AB maintains a 52.58% equity stake in SKF India Ltd.

• Tax Resolution: Modified tax returns filed under section 92CD pursuant to the CBDT Bilateral Advance Pricing Agreement.

FAQ Section

What was SKF India Ltd's consolidated revenue from operations in Q1 FY27?

SKF India Ltd reported consolidated revenue from operations of INR 5,877.9 million (INR 5.88 billion) for the quarter ended June 30, 2026.

What was the net profit reported by SKF India Ltd for the June 2026 quarter?

The company reported a consolidated net profit after tax of INR 619.2 million for Q1 FY27.

Why are Q1 FY27 figures not directly comparable to Q1 FY26?

The figures are not directly comparable due to the demerger of the company's industrial undertaking into SKF India (Industrial) Limited, which took effect on October 1, 2025, reclassifying past industrial operations as discontinued operations.

Who is the majority shareholder in SKF India Ltd?

SKF Vertevo AB holds 25,992,059 equity shares, representing 52.58% of the paid-up equity share capital of SKF India Ltd.

Source: Unaudited Financial Results and Regulatory Filings submitted by SKF India Ltd to the National Stock Exchange of India Limited and BSE Limited on August 12, 2026.