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SKF India (Industrial) reported 18.3% YoY revenue growth

ICICIdirect Research 12 Aug 2026 DISCLAIMER

News: SKF India (Industrial) reported 18.3% YoY revenue growth to ₹971 crore in Q1FY27. However, EBITDA declined 6.2% YoY to ₹88 crore, with EBITDA margin contracting 240 bps YoY to 9.1% from 11.5%. PAT declined 13.9% YoY to ₹62 crore, with NPM at 6.4% vs 8.8% YoY. The company also declared an interim dividend of ₹20/share.

View: SKF India (Industrial) delivered steady revenue growth but weak profitability, with the 240bps contraction in EBITDA margin reflecting a combination of demerger-related overheads, higher import and supply-chain costs, and a lag in passing through input-cost inflation. The margin recovery remains the key monitorable. The leadership transition is orderly, with Sujeeth Pai taking over as MD from September 1, 2026, following Mukund Vasudevan’s resignation due to an internal role change within the SKF Group.  

Impact: Negative

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