SKF India's Q1 FY 2025-26 Quarterly Results

Result Summary

• SKF India Ltd reported a 4.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 4.2%.
• Its expenses for the quarter were up by 12.8% QoQ and 10.3% YoY.
• The net profit decreased 32.5% QoQ and decreased 25.6% YoY.
• The earnings per share (EPS) of SKF India Ltd stood at 23.9 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

SKF India Ltd is a subsidiary of the Swedish multinational company SKF Group, which is a global leader in the manufacturing and supply of bearings, seals, mechatronics, lubrication systems, and services. The company is primarily involved in the automotive and industrial sectors, providing a range of products and services that improve the performance and reliability of its clients' machinery. SKF India operates in the engineering sector and has a significant presence in the Indian market, where it caters to various industries including automotive, aerospace, and railways. It is known for its commitment to innovation and sustainable practices, providing solutions that are aimed at enhancing efficiency and reducing environmental impact. As of the date of this report, any specific recent major developments were not available.

Revenue

In Q1FY26, SKF India Ltd reported total income of ₹1298.27 crores, reflecting a quarter-over-quarter (QoQ) growth of 4.8% compared to ₹1238.34 crores in Q4FY25. Year-over-year (YoY), the total income increased by 4.2% from ₹1246.28 crores in Q1FY25. This steady growth in revenue over both periods indicates a positive trend in the company's ability to generate income from its operations. The increase in total income may be attributed to various factors including higher sales volume, improved pricing strategies, or enhanced product offerings.

Profitability

The profitability metrics for SKF India Ltd in Q1FY26 depict a decline when compared to the previous quarter and the same quarter of the previous year. The Profit Before Tax (PBT) for Q1FY26 was ₹159.75 crores, which represents a decrease of 30.3% QoQ from ₹229.18 crores in Q4FY25 and a 25.2% YoY decrease from ₹213.71 crores in Q1FY25. Correspondingly, the Profit After Tax (PAT) also decreased by 32.5% QoQ and 25.6% YoY, amounting to ₹118.21 crores in Q1FY26. The Earnings Per Share (EPS) followed a similar trend, decreasing to ₹23.90 from ₹35.40 in the previous quarter and ₹32.10 in the same quarter last year, marking a 32.5% QoQ and 25.5% YoY decline.

Operating Metrics

Total expenses for SKF India Ltd in Q1FY26 were reported at ₹1138.52 crores, indicating a significant increase of 12.8% QoQ from ₹1009.16 crores in Q4FY25, and a 10.3% YoY increase from ₹1032.57 crores in Q1FY25. The rise in expenses over these periods may have impacted the company's profitability, as evidenced by the corresponding declines in PBT and PAT. The increase in expenses could stem from various factors including higher raw material costs, increased labor costs, or expansion-related expenses. The tax paid by the company in Q1FY26 was ₹41.63 crores, which decreased by 23.4% QoQ and 23.9% YoY, aligning with the overall reduction in taxable profits.