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SKF India Q3 Standalone Revenue Grows 16.3% QoQ to ₹5,766 Million Post-Demerger
SKF India reported its first set of financial results following its corporate restructuring, showing a 16.3% sequential growth in standalone revenue to ₹5,766.4 million. Profit before exceptional items and tax nearly doubled quarter-on-quarter to ₹964.4 million, reflecting strong operational fundamentals. However, reported Profit Before Tax (PBT) declined to ₹863.4 million due to non-recurring expenses related to the demerger and new regulations. The company also announced a significant CAPEX plan of ₹4,100–5,100 million by 2030 to expand manufacturing for EVs and two-wheelers.
Key Highlights
Standalone revenue increased 16.3% QoQ to ₹5,766.4 million from ₹4,959.1 million.
Profit before exceptional items and tax rose to ₹964.4 million compared to ₹491.3 million in the previous quarter.
Announced a long-term investment plan of ₹4,100–5,100 million by 2030 for capacity expansion in Haridwar, Pune, and Bangalore.
Reported PBT of ₹863.4 million was impacted by one-time demerger costs and regulatory expenses.
Strategic focus remains on high-growth segments including Electric Vehicles (EV) and safety-critical automotive applications.
💼 Action for Investors
Investors should view the strong sequential growth in core operating profit as a positive sign of post-demerger efficiency. Monitor the execution of the ₹510 crore CAPEX plan as it positions the company to capture the growing EV and two-wheeler market share.
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SKF India Q3 Net Profit Drops 43% YoY to ₹620 Million; Revenue Declines 54%
SKF India reported a significant decline in its financial performance for the quarter ended December 31, 2025. Consolidated revenue from operations fell by 54.1% YoY to ₹5,766.4 million, while net profit decreased by 43.4% to ₹620 million. The sharp drop in revenue appears linked to the deconsolidation of its industrial subsidiary as of September 30, 2025. Exceptional items of ₹101 million further impacted the bottom line during the quarter.
Key Highlights
Consolidated Revenue from Operations fell 54.1% YoY to ₹5,766.4 million in Q3 FY26.
Net Profit for the quarter declined 43.4% YoY to ₹620.0 million from ₹1,095.0 million.
Earnings Per Share (EPS) dropped significantly to ₹12.5 from ₹22.1 in the previous year's quarter.
Reported an exceptional item of ₹101.0 million during the quarter, impacting pre-tax profits.
9-month revenue stands at ₹31,688.5 million, down 14.5% compared to the previous year's ₹37,065.5 million.
💼 Action for Investors
Investors should exercise caution as the sharp revenue decline suggests a major structural change following the exit of the industrial subsidiary. It is advisable to wait for management's clarification on the future growth trajectory of the remaining business units before making new positions.
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SKF India Reconstitutes Board with 3 New Appointments and 3 Resignations
SKF India has announced a significant reshuffle of its Board of Directors, effective January 13, 2026. The company has appointed Magnus Lennart Prick, Bastian Thomas, and Antonio Molle as Additional Directors, bringing extensive global experience from the SKF Group and automotive giants like Volvo and BMW. Simultaneously, Kerstin Enochsson, Karl Robin Joakim Landholm, and Mukund Vasudevan have resigned from their positions as Non-Executive Directors due to other commitments. This transition appears to be a strategic alignment with the global SKF Group's leadership and operational focus.
Key Highlights
Appointment of 3 new Non-Executive, Non-Independent Directors effective January 13, 2026.
Resignation of 3 existing Non-Executive Directors effective January 12, 2026, citing other commitments.
New appointees bring over 65 years of combined experience in legal, sales, and global operations from companies like Volvo, BMW, and SKF Group.
The company will seek shareholder approval for the new appointments within the next 3 months as per SEBI regulations.
💼 Action for Investors
Investors should view this as a routine alignment with the global parent company's leadership structure. No immediate action is required as the core executive management and business operations remain unaffected.
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SKF India Promoter AB SKF Transfers 52.58% Stake to Subsidiary SKF Interim AB
Aktiebolaget SKF (AB SKF), the promoter of SKF India, has transferred its entire 52.58% stake to its wholly-owned subsidiary, SKF Interim AB. This off-market transaction involved 25,992,059 equity shares and was executed for no consideration as a shareholder contribution under Swedish law. The transfer is an internal restructuring within the promoter group and is exempt from open offer requirements under SEBI (SAST) Regulations. There is no change in the ultimate control or total promoter holding of the company.
Key Highlights
Transfer of 25,992,059 equity shares representing 52.58% of SKF India's total share capital
Transaction executed between promoter Aktiebolaget SKF and its wholly-owned subsidiary SKF Interim AB
The transfer was done for no consideration as an unconditional shareholder's contribution
Exemption claimed under Regulation 10(1)(a)(iii) of SEBI (SAST) Regulations, 2011
Post-transaction, SKF Interim AB holds 52.58% while AB SKF holds 0% directly
💼 Action for Investors
This is a routine internal promoter restructuring with no impact on the company's operations or management. Investors should treat this as a neutral event and continue to focus on the company's fundamental performance.
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SKF India Promoter AB SKF Transfers 52.58% Stake to Subsidiary SKF Interim AB
Aktiebolaget SKF (AB SKF), the promoter of SKF India, has transferred its entire 52.58% stake in the company to its wholly-owned subsidiary, SKF Interim AB. This off-market transaction involved the transfer of 25,992,059 equity shares. As the transfer is between a parent company and its 100% owned subsidiary, the ultimate beneficial ownership and control of SKF India remain unchanged. This is a routine internal restructuring often conducted for administrative or tax optimization purposes.
Key Highlights
Promoter AB SKF transferred 25,992,059 equity shares to its subsidiary SKF Interim AB
The transaction represents 52.58% of the total shareholding of SKF India Limited
Transfer was executed as an off-market transaction under SEBI Insider Trading Regulations
SKF Interim AB is a 100% wholly-owned subsidiary of the promoter Aktiebolaget SKF
💼 Action for Investors
This is an internal promoter restructuring with no change in ultimate control or business fundamentals. Investors should treat this as a neutral event and continue to monitor the company's operational performance.
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Promoter AB SKF Transfers 52.58% Stake in SKF India to Subsidiary SKF Interim AB
Aktiebolaget SKF (AB SKF), the promoter of SKF India, has transferred its entire 52.58% stake to its wholly-owned subsidiary, SKF Interim AB. The transaction involved 25,992,059 equity shares and was executed as an off-market transfer on December 23, 2025. This move is an internal restructuring within the promoter group and does not result in a change of ultimate control or management. The disclosure was made in compliance with SEBI Prohibition of Insider Trading Regulations.
Key Highlights
Transfer of 25,992,059 equity shares by promoter Aktiebolaget SKF (AB SKF).
The stake represents 52.58% of SKF India's total shareholding.
Transaction executed off-market to SKF Interim AB, a wholly-owned subsidiary of the promoter.
No change in the ultimate beneficial ownership or control of the company.
Disclosure filed under Regulation 4(1) and 7(2) of SEBI Insider Trading Regulations.
💼 Action for Investors
This is a neutral administrative event; shareholders do not need to take any immediate action as the ultimate parent company remains the same.
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SKF India Promoter AB SKF Transfers 52.58% Stake to Subsidiary SKF Interim AB
Aktiebolaget SKF (AB SKF), the promoter of SKF India, has transferred its entire 52.58% stake in the company to its wholly-owned subsidiary, SKF Interim AB. This off-market transaction involved the transfer of 25,992,059 equity shares. The transfer was executed as an inter-se transfer within the promoter group under SEBI Insider Trading Regulations. As this is an internal restructuring, the ultimate control and ownership of the company remain unchanged.
Key Highlights
Promoter AB SKF transferred 25,992,059 equity shares of SKF India
The stake transferred represents 52.58% of the total shareholding of the company
The transaction was an off-market transfer to SKF Interim AB, a 100% subsidiary of AB SKF
The transfer was conducted in compliance with SEBI (Prohibition of Insider Trading) Regulations
💼 Action for Investors
This is a routine internal restructuring of the promoter group's holding and does not impact the company's fundamentals or management control. Investors should treat this as a neutral event.