SKF India Reports ₹21.77 Crore Profit for FY26, Recommends Dividend

SKF India has announced its audited financial results for the fiscal year ending March 31, 2026. The company reported revenue from operations of ₹344.04 crore and a profit of ₹21.77 crore. A final dividend of ₹10 per equity share has been recommended, subject to shareholder approval.

These figures are presented following a significant demerger. As a result, direct year-on-year comparisons with previous periods are challenging due to restatements from the new entity's incorporation date. The company's Board of Directors approved these audited results on May 12, 2026.

Demerger Restatements Affect Comparisons

SKF India underwent a corporate restructuring involving a demerger of specific undertakings, effective October 1, 2025. The resulting entity, SKF India Limited, began trading on the BSE and NSE on December 5, 2025. Financial statements are now prepared for this new structure, with historical periods restated from the entity's incorporation date (December 17, 2024). This accounting adjustment makes direct comparisons to prior financial years difficult.

FY26 Financial Performance

For the audited fiscal year 2026, SKF India generated ₹344.04 crore in revenue and ₹21.77 crore in profit. In comparison, the unaudited figures for the prior fiscal year, FY25, showed revenue of ₹720.61 crore and a profit of ₹121.31 crore. The financial statements received an unmodified audit opinion from Deloitte Haskins & Sells LLP.

Notable Expenses and Costs

The company recorded exceptional items related to the demerger process and recent labour code changes. Demerger-related expenses amounted to ₹286.9 million and ₹1,639.2 million. Additionally, adjustments for wage definition changes totalled ₹34.9 million.

Industry Peer Snapshot

SKF India's reported FY26 revenue of ₹344 crore and profit of ₹21.77 crore are notably lower than major industry peers such as Schaeffler India (₹17,344 crore revenue in FY24) and Timken India (₹1,308 crore revenue in FY24). This difference stems from SKF India's current reporting focusing on specific business segments within its demerged entity, unlike consolidated figures often reported by larger, integrated competitors.

What's Next for Investors

Shareholders will vote on the proposed final dividend of ₹10 per share at the upcoming Annual General Meeting. Investors and analysts will continue to monitor the evolving financial performance of the demerged SKF India Limited. Tracking the full integration of the demerger and any further updates on financial comparatives will be important as the new entity matures.