SKF India Reports Unaudited Financial Results for Quarter Ended June 30, 2026; Shows Growth in Operations
SKF India Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The company released both Standalone and Consolidated Unaudited Financial Statements.The statutory auditors of SKF India Limited issued an unmodified review conclusion on the unaudited financial results for the first quarter ended June 30, 2026. These results were reviewed by the independent auditor, M/s Deloitte Haskins & Sells LLP, who confirmed that the statements comply with Indian Accounting Standard 34 ('Interim Financial Reporting').
Consolidated Financial Performance Highlights
The consolidated unaudited financial results for the quarter ended June 30, 2026, reflect a Total Income of 6,001.6 million INR and Total Comprehensive Income/(Loss) of 611.7 million INR.Total Income for the company across the reporting periods stands as follows:
| Particulars | Quarter Ended June 30, 2026 (Unaudited) | Quarter Ended March 31, 2026 (Unaudited) | Quarter Ended June 30, 2025 (Unaudited) | Year Ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 5,877.9 | 5,945.4 | 12,831.5 | 37,633.9 |
| Other income | 123.7 | 367.6 | 151.2 | 1,061.6 |
| Total Income | 6,001.6 | 6,313.0 | 12,982.7 | 38,695.5 |
Total expenses for the consolidated entity during the quarter were reported at 5,163.8 million INR. Profit before tax stood at 837.8 million INR.
Standalone Financial Results Overview
The unaudited standalone results show Total Income of 6,001.6 million INR for the quarter ended June 30, 2026. Expenses totaled 5,163.8 million INR, resulting in a profit before exceptional items and tax of 837.8 million INR.Key financial metrics from the standalone results are presented below:
| Particulars | Quarter Ended June 30, 2026 (Unaudited) | Quarter Ended March 31, 2026 (Unaudited) | Year Ended March 31, 2026 (Audited) |
|---|---|---|---|
| Total Income | 6,001.6 | 6,313.0 | 22,066.4 |
| Total Expenses | 5,163.8 | 5,779.2 | 19,445.4 |
| Profit before tax (3 - 4) | 837.8 | 461.0 | 2,350.0 |
| Total tax expense | 219.4 | 663.3 | 1,177.8 |
| Profit/(Loss) for the period/year from continuing operations | 618.4 | (202.3) | 1,172.2 |
Operational Updates and Key Notes
The company's results reflect ongoing activities related to its demerger process and associate shareholding:- Demerger Status: The Scheme of Arrangement between SKF India Limited ("Demerged Company") and SKF India (Industrial) Limited ("Resulting Company"), approved by the National Company Law Tribunal (NCLT), was effective October 1, 2025. Following the scheme’s effectiveness, the Industrial Undertaking has been presented as discontinued operations in the financial results for the quarter ended June 30, 2025.
- Shareholding: SKF Interim AB holds 25,992,059 equity shares (representing 52.58% of the paid-up equity share capital) in SKF India Limited as of March 9, 2026.
- Associated Companies: The consolidated unaudited results include associated companies Sunstrength Renewables Private Limited and Clean Max Taiyo Private Limited. The parent company reported a share of profit after tax of 0.8 million INR and total comprehensive income of 0.8 million INR for the quarter ended June 30, 2026 from these associates.
- Exceptional Items: Exceptional items noted in the results include the "Statutory impact of new Labour Codes" (resulting primarily from gratuity changes related to wage definition) and tax expenses arising from a Bilateral Advance Pricing Agreement (BAPA) entered into with the Central Board of Direct Taxes (CBDT).
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Note: All financial figures are presented in INR Million.
SKFINDIA Stock Price Movement
On Wednesday, shares of SKF India Limited edged higher to settle at ₹1530, driven by an increase of 0.48% on the close. The stock experienced significant intraday movement, reaching a high of ₹1545 while maintaining momentum above its daily low of ₹1510.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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