SKF India slumps as Q1 PAT slides 26% YoY to Rs 118 cr

SKF India slipped 4.39% to Rs 4,576.20 after the firm reported a 25.62% decline in consolidated net profit to Rs 118.21 crore in Q1 FY26 as against Rs 158.93 crore posted in Q1 FY25.

However, revenue from operations jumped 6.38% year on year to Rs 1,283.2 crore in the quarter ended 30 June 2025.

Profit before tax for the first quarter of FY26 stood at Rs 25.16 crore, registering a 25.16% decline from Rs 159.60 crore in Q1 FY25.

Total expenses rose by 10.25% YoY to Rs 1,138.5 crore in the fisrt quarter og FY26. The cost of materials consumed stood at Rs 307.70 crore (up 1.79% YoY) and employee benefit expense was at Rs 99.70 crore (up 14.82% YoY) during the period under review.

Mukund Vasudevan - Managing Director, SKF India, said, SKF India has delivered a resilient performance in the first quarter of FY26 with a revenue increase of 6.4%, underscoring our sound strategy and operating discipline. Despite evolving macroeconomic conditions, we remain committed to delivering value to our customers through innovation, reliability, and agility. As we move forward, we will continue to invest in building future ready solutions, enhancing productivity, and driving sustainable growth aligned with Indias manufacturing ambitions.

We are at the verge of transforming into two fit-for-purpose organizations for driving profitable growth. We all, at SKF, are excited and ready to transition into the next phase of our growth journey. he further added.

SKF India, a subsidiary of the global SKF Group, manufactures bearings and related components at its facility in Pune, Maharashtra.

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