| Scrip Code | 544572 |
|---|---|
| NSE Symbol | SKFINDUS |
| MSEI Symbol | NOTLISTED |
| ISIN | INE2J8701016 |
| Name of company | SKF INDIA (INDUSTRIAL) LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2026 |
| Date of end of financial year | 31-03-2027 |
| Date of board meeting when results were approved | 11-08-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 03-08-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | First quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | |
| Segment Reporting | Single segment |
| Description of single segment | Manufacturing bearing and other related components |
| Start date and time of board meeting | 11-08-2026 16:00:00 |
| End date and time of board meeting | 11-08-2026 18:40:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| No such event occured | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-04-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-06-2026 | 30-06-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 97,077.00 | 97,077.00 | |
| Other income | 955.00 | 955.00 | |
| Total income | 98,032.00 | 98,032.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 15,792.00 | 15,792.00 |
| (b) | Purchases of stock-in-trade | 62,714.00 | 62,714.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (13,055.00) | (13,055.00) |
| (d) | Employee benefit expense | 6,030.00 | 6,030.00 |
| (e) | Finance costs | 56.00 | 56.00 |
| (f) | Depreciation, depletion and amortisation expense | 1,028.00 | 1,028.00 |
| (f) | Other Expenses | ||
| 1 | Consumption of stores and spare parts | 1,857.00 | 1,857.00 |
| 2 | Power and Fuel | 795.00 | 795.00 |
| 3 | Royalty & Trade Mark Fees | 1,622.00 | 1,622.00 |
| 4 | IT Services | 2,770.00 | 2,770.00 |
| 5 | Travelling | 603.00 | 603.00 |
| 6 | Logistic Cost | 926.00 | 926.00 |
| 7 | Net Exchange Diff | 1,019.00 | 1,019.00 |
| 8 | Legal And Professional Fees | 537.00 | 537.00 |
| 9 | Repair and Maintenance | 626.00 | 626.00 |
| 10 | Miscellaneous expenses | 6,020.00 | 6,020.00 |
| Total other expenses | 16,775.00 | 16,775.00 | |
| Total expenses | 89,340.00 | 89,340.00 | |
| 3 | Total profit before exceptional items and tax | 8,692.00 | 8,692.00 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 8,692.00 | 8,692.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 2,392.00 | 2,392.00 |
| 8 | Deferred tax | 108.00 | 108.00 |
| 9 | Total tax expenses | 2,500.00 | 2,500.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 6,192.00 | 6,192.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 6,192.00 | 6,192.00 |
| 17 | Other comprehensive income net of taxes | 0.00 | 0.00 |
| 18 | Total Comprehensive Income for the period | 6,192.00 | 6,192.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 4,944.00 | 4,944.00 | |
| Face value of equity share capital | 10 | 10 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 12.52 | 12.52 | |
| Diluted earnings (loss) per share from continuing operations | 12.52 | 12.52 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 12.52 | 12.52 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 12.52 | 12.52 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1.The unaudited financial results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on August 11, 2026. The above financial results for the quarter ended June 30, 2026 have been reviewed by the Statutory Auditors of the Company, who have issued an unmodified review conclusion on the financial results for the quarter ended June 30, 2026. 2.The above financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards (Ind AS)-34 Interim Financial Results prescribed under section 133 of the Companies Act, 2013 (the Act) read with relevant rules issued thereunder and in terms of Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended. 3.The Company manufactures bearings and other related components and is of the view that it is a single business segment in accordance with Ind AS-108- 'Operating Segments' notified pursuant to Companies (Accounting Standards) Rules, 2015. 4.The Company has received a certified true copy of the Order dated September 26, 2025, from the Hon'ble National Company Law Tribunal, Mumbai Bench (NCLT), approving the Scheme of Arrangement between SKF India Limited (Demerged Company), SKF India (Industrial) Limited (Resulting Company), and their respective shareholders and creditors under Section 230-232 and other applicable provisions of the Companies Act, 2013 and ruled framed thereunder (the Scheme). With reference to the Scheme, the Board of Directors of the Demerged and Resulting Company had mutually fixed appointed and effective date as October 1, 2025. The certified copy of the NCLT Order was filed with the Registrar of Companies on October 1, 2025 (Effective Date). Pursuant to the approval of the Scheme, the Company recorded the assets, liabilities and retained earnings pertaining to Industrial Undertaking (Demerged Undertaking) (as defined in Scheme of Arrangement) at their carrying values appearing in the books of accounts of SKF India Limited, from the appointed and effective date. The Scheme, among other provisions, entails the demerger of the Demerged Undertaking from the Demerged Company into the Resulting Company on a going concern basis. Consequently, the Resulting Company has allotted 49,437,963 fully paid-up equity shares of face value Rs. 10/- each, to the shareholders of the Demerged Company as on the record date i.e. October 15, 2025, in the share exchange ratio 1:1 i.e. 1 (one) fully paid-up equity share of the Resulting Company having face value of Rs. 10/- each for every 1 (one) fully paid-up equity share of Rs. 10/- each of the Company. The Equity Shares of the Resulting Company have been listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on December 5, 2025. 5.In accordance with Appendix C to Ind AS 103 Business Combinations, the financial results of the Company are restated from the date of incorporation (i.e., December 17, 2024). Accordingly, the figures for the quarter ended June 30, 2025 and for the period from April 1, 2025 to September 30, 2025 (as included in the financial results for the year ended March 31, 2026), reported in these unaudited financial results, have been extracted by the Management from the financial information of SKF India Limited pertaining to Industrial Undertaking (“Demerged Undertaking”). These figures for the aforesaid periods are certified by the management and has not been audited/reviewed by the Statutory Auditors of the Company. 6. The figures for the quarters ended 31 March 2026 are the balancing figure of audited figures in respect of the full financial years and unaudited year to date figures upto the end of the third quarter of the financial year. 7. Exceptional items: i. On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws into a unified framework governing employee benefits during employment and post-employment. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has assessed and disclosed the incremental financial impact of these changes on the basis of legal advise obtained and the best information currently available, consistent with the guidance provided by the Institute of Chartered Accountants of India. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Company has presented this incremental financial impact as “Statutory impact of new Labour Codes” under “Exceptional item” in the financial results for year ended March 31, 2026. The incremental impact consisting of gratuity of INR 34.9 Million primarily arises due to change in wage definition. The Company continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed, if any on the measurement of liability pertaining to employee benefits ii. During the year ended March 31, 2026, the Company accounted certain demerger expenses for IT Cost, professional services and stamp duty, including estimated transfer premium payable to statutory authorities to effect transfer of registration of land acquired under the Scheme , aggregating to INR 286.9 Million and INR 1,639.2 Million respectively , which have been included under Exceptional items. 8. SKF India Limited (the Demerged Company) entered into a Bilateral Advance Pricing Agreement (BAPA) with the Central Board of Direct Taxes (CBDT) in respect of financial years from FY 2012-13 to FY 2020-21 in relating to certain transactions with its Ultimate Parent Company. As the financial years covered under the BAPA preceded the effective date of the Demerger (October 1, 2025), and in accordance with the approved Scheme of Demerger, the Company recognised an amount of INR 49.9 million towards its share of the secondary adjustments, which was accounted for during the previous quarter and the year ended March 31, 2026. Accordingly, during the current quarter, the Company paid its share of the tax liability arising from such secondary adjustments. 9.During the quarter ended March 31, 2026 , the Company adjusted tax expenses aggregating INR 556.6 Million on profits for the period from April, 1 2025 to September 30, 2025, being the tax on profits prior to the appointed and effective date of demerger in accordance with the scheme of arrangement approved by NCLT. 10.The Board of Directors in their meeting held on August 11, 2026 has declared an interim dividend of Rs. 20 per equity share (200% on the face value of Rs. 10 each) and would result in a cash outflow of approximately Rs.989 million. 11. The financial results are available on the BSE Limited website (URL: www.bseindia.com), the National Stock Exchange of lndia Limited website (URL: www.nseindia.com) and on the Company's website (URL: www.skf.com/in) |
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| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-04-2026 | 01-04-2026 | |||||
| Date of end of reporting period | 30-06-2026 | 30-06-2026 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-04-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-06-2026 | 30-06-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| Total Amount of items that will not be reclassified to profit and loss | |||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 0.00 | 0.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | 0.00 | 0.00 |
| Whether results are audited or unaudited | Unaudited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Auditor's opinion | |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results | Yes |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | DELOITTE HASKINS & SELLS LLP | Yes | 31-07-2027 | ||
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