5445722026-04-012026-06-305445722026-04-012026-06-30in-capmkt:OtherExpenses1Member5445722026-04-012026-06-30in-capmkt:OtherExpenses2Member5445722026-04-012026-06-30in-capmkt:OtherExpenses3Member5445722026-04-012026-06-30in-capmkt:OtherExpenses4Member5445722026-04-012026-06-30in-capmkt:OtherExpenses5Member5445722026-04-012026-06-30in-capmkt:OtherExpenses6Member5445722026-04-012026-06-30in-capmkt:OtherExpenses7Member5445722026-04-012026-06-30in-capmkt:OtherExpenses8Member5445722026-04-012026-06-30in-capmkt:OtherExpenses9Member5445722026-04-012026-06-30in-capmkt:OtherExpenses10Member5445722026-04-012026-06-30AuditorDomain1iso4217:INRiso4217:INRxbrli:shares544572SKFINDUSNOTLISTEDINE2J8701016SKF INDIA (INDUSTRIAL) LIMITEDMain BoardEquity2026-04-012027-03-312026-08-112026-08-03INRMillionsQuarterlyFirst quarterSingle segmentManufacturing bearing and other related components2026-08-1116:00:002026-08-1118:40:00Declaration of unmodified opinionfalsefalseNo such event occured2026-04-012026-06-30UnauditedStandalone970770000095500000980320000015792000006271400000-13055000006030000005600000102800000167750000089340000008692000000869200000239200000108000002500000000619200000000061920000006192000004944000001012.5212.520012.5212.521.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. <br /> <br /> 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. <br /> <br /> 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. <br /> <br /> 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"). <br /> <br /> 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. <br /> <br /> 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. <br /> <br /> 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. <br /> <br /> 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. <br /> <br /> 7. Exceptional items: <br /> <br /> 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. <br /> <br /> 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 <br /> <br /> 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". <br /> <br /> 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. <br /> <br /> 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. <br /> <br /> 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. <br /> <br /> 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) <br /> <br /> Consumption of stores and spare parts185700000Power and Fuel79500000Royalty & Trade Mark Fees162200000IT Services277000000Travelling60300000Logistic Cost92600000Net Exchange Diff101900000Legal And Professional Fees53700000Repair and Maintenance62600000Miscellaneous expenses602000000000UnauditedtrueDELOITTE HASKINS & SELLS LLPtrue2027-07-31