SKF India Q2 FY27 Results: Consolidated Net Profit ₹51.81 Crore on Total Income of ₹625 Crore
- Earnings
- bearings and industrial components
Reviewed byKeshav SehgalBlacklitt Research
SKF India (NSE: SKFINDIA) reported consolidated total income of ₹624.89 crore and consolidated net profit of ₹51.81 crore for the quarter ended 30 Sep 2026, it said in a filing on 03 Nov 2026. Standalone total income was the same ₹624.89 crore, with standalone net profit of ₹51.70 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹624.89 crore, down 53.1% YoY and up 4.1% QoQ
- Net profit and EPS: ₹51.81 crore, down 50.9% YoY; basic EPS ₹10.50 against ₹21.30 a year earlier
- Other income: ₹29.08 crore, up 21.9% YoY, 4.7% of total income
- Exceptional items: Year ended 31 Mar 2026 included a ₹61.48 crore BAPA tax charge and ₹2.40 crore for Labour Codes
Standalone
The company on its own, without its subsidiaries
- Total income: ₹624.89 crore, up 24.4% YoY and 4.1% QoQ
- Net profit and EPS: ₹51.70 crore, down 51.1% YoY; basic EPS ₹10.50 against ₹21.40 a year earlier
- Profit before tax: ₹69.80 crore, up 77.1% YoY against ₹39.41 crore
- Finance costs: ₹0.04 crore, against ₹0.07 crore a year earlier
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 624.89 | 1,332.91 | -53.1% | 600.16 | +4.1% | |
| Revenue from operations | 595.81 | 1,309.06 | -54.5% | 587.79 | +1.4% |
| Other income | 29.08 | 23.85 | +21.9% | 12.37 | +135.1% |
| 51.81 | 105.49 | -50.9% | 61.92 | -16.3% | |
| Profit before tax | 69.91 | 140.62 | -50.3% | 83.86 | -16.6% |
| Finance costs | 0.04 | 0.14 | -71.4% | 0.04 | 0.0% |
| Depreciation | 16.63 | 23.04 | -27.8% | 16.57 | +0.4% |
| Tax expense | 18.10 | 35.13 | -48.5% | 21.94 | -17.5% |
| Net profit margin | 8.29% | 7.91% | +0.38 pp | 10.32% | -2.03 pp |
| EPS, basic (₹) | 10.50 | 21.30 | -50.7% | 12.50 | -16.0% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Revenue from operations fell 54.5% while other income rose 21.9%, so other income is now a larger share of the quarter's income than a year ago.
Other income of ₹29.08 crore is 41.6% of profit before tax of ₹69.91 crore, which shows how much of pre-tax profit this quarter sits in other income. Tax expense of ₹18.10 crore is 25.9% of profit before tax. Finance costs are small at ₹0.04 crore, 0.0% of total income.
Deloitte Haskins & Sells LLP issued unmodified limited review conclusions on the standalone and consolidated results.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 624.89 | 502.40 | +24.4% | 600.16 | +4.1% | |
| Revenue from operations | 595.81 | 495.91 | +20.1% | 587.79 | +1.4% |
| Other income | 29.08 | 6.49 | +348.1% | 12.37 | +135.1% |
| 51.70 | 105.65 | -51.1% | 61.84 | -16.4% | |
| Profit before tax | 69.80 | 39.41 | +77.1% | 83.78 | -16.7% |
| Finance costs | 0.04 | 0.07 | -42.9% | 0.04 | 0.0% |
| Depreciation | 16.63 | 15.13 | +9.9% | 16.57 | +0.4% |
| Tax expense | 18.10 | 10.69 | +69.3% | 21.94 | -17.5% |
| Net profit margin | 8.27% | 21.03% | -12.76 pp | 10.30% | -2.03 pp |
| EPS, basic (₹) | 10.50 | 21.40 | -50.9% | 12.50 | -16.0% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone total income matches the consolidated figure at ₹624.89 crore, but standalone net profit of ₹51.70 crore is ₹0.11 crore lower than the consolidated ₹51.81 crore. Standalone profit before tax rose 77.1% to ₹69.80 crore from ₹39.41 crore, while net profit fell 51.1%. The year-ago standalone results include profit from discontinued operations of ₹76.93 crore, with continuing operations profit of ₹28.72 crore on the company's own split.
Standalone revenue from operations rose 20.1% YoY, slower than other income, which rose 348.1% from ₹6.49 crore to ₹29.08 crore. Other income is 41.7% of standalone profit before tax of ₹69.80 crore. Standalone tax expense of ₹18.10 crore is 25.9% of profit before tax, up 69.3% from ₹10.69 crore a year earlier.
Inference
The filing says the Board approved capacity expansion at Haridwar (DGBB channel) and Pune (TRB channel), with a combined investment of ₹24.70 crore and ₹37.90 crore at Haridwar and ₹34.70 crore and ₹43.10 crore at Pune, funded from internal accruals. Haridwar's first phase is stated to begin production from December 2026 and its second from March 2027; Pune's first phase from March 2027 and its second from July 2027. The filing does not state the total cost of the expansions beyond these phases.
AB SKF's former holding of 52.58% was transferred to SKF Interim AB on 22 Dec 2025, which the company says was part of a demerger scheme; as of 9 Mar 2026 that entity, since renamed SKF Vertevo AB, holds 25,992,059 shares, 52.58% of paid-up capital. The consolidated dividend paid in the six months to 30 Sep 2026 was ₹198.66 crore.
The filing does not say whether the BAPA tax, interest and penalty have been paid in full or are still under protest, nor what financial impact the SKF Vertevo brand launch will have on results or costs.
Filed with BSE on . Reference: Original filing (PDF)
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