SKF India held its 65th Annual General Meeting on August 14, 2026, at 1:00 pm via Video Conferencing/Other Audio-Visual Means (OAVM). The company has subsequently published the video recording of the meeting proceedings on its corporate website for shareholder reference.

The session was convened to address standard annual business matters, including the approval of financial statements and other statutory resolutions required under the Companies Act. Shareholders participated remotely in compliance with regulatory guidelines permitting virtual general meetings.

Meeting Details

The AGM took place on Friday, August 14, 2026. The proceedings were recorded and are accessible through the dedicated investor information portal.

Accessing the Recording

Shareholders and stakeholders can view the complete recording of the AGM by visiting the investor relations section of the SKF India website. The link directs users to a page featuring a video player with the specific label for the 65th Annual General Meeting.

Mayuri Kulkarni, Company Secretary and Compliance Officer, signed the communication confirming the availability of the recording. The registered office of SKF India Limited remains in Chinchwad, Pune.

SKF India Limited reported robust top-line growth in its first quarter of FY27 (April–June 2026), with revenue from operations rising 27.1% year-on-year to ₹5,878 million. The bearing solutions provider attributed the sales expansion to broad-based demand across key automotive segments, including two and three-wheelers, passenger vehicles, and commercial vehicles. This performance was supported by favorable macroeconomic indicators, including a 4.8% year-on-year growth in Industrial Production (IIP) and sustained manufacturing activity.

Profit before tax (PBT) climbed significantly to ₹838 million, up from ₹631 million in the same quarter of the previous year. This represents a 32.8% increase in PBT. EBITDA stood at ₹1,004 million, reflecting a substantial improvement in margins compared to the previous quarter. Profit after tax (PAT) from continued operations reached ₹618.4 million, reflecting a modest 2.0% growth compared to the prior year.

Financial Performance

The company’s standalone financial results for Q1FY27 highlight strong operational execution amidst evolving customer requirements for higher efficiency and reliability. A key feature of this quarter was the significant quarter-on-quarter recovery in profitability metrics, following the inclusion of exceptional demerger-related expenses in the preceding quarter.

Note: Q1FY26 EBITDA figure derived from source presentation data for comparison; existing article cited ₹999.9 million which appears inconsistent with the 17.0% margin on ₹4,625 million revenue. The new data presentation explicitly lists Q1FY26 (Jun-25) EBITDA as ₹787 million. We use the explicit table value from the new earnings call deck for accuracy.

EBITDA margin expanded slightly to 17.1% from 17.0% in the corresponding period last year. More notably, it expanded by 540 basis points quarter-on-quarter from 11.7% in Q4FY26. Profit Before Tax margin also improved sharply to 14.3% from 9.0% in the previous quarter, excluding exceptional items of ₹73 million that impacted Q4FY26.

What the Numbers Show

A notable divergence exists between the company’s top-line momentum and its bottom-line profitability metrics when viewed annually, but a strong operational recovery is evident sequentially. While revenue grew by over 27% year-on-year, EBITDA grew by less than 1% in the existing article's initial framing, but the new earnings call data clarifies that EBITDA actually grew 27.6% YoY (from ₹787m to ₹1,004m). The previous article's lower EBITDA growth estimate may have stemmed from different base figures or exclusions. The sequential jump in EBITDA margin by 540 bps highlights the impact of removing one-time demerger costs from the prior quarter, revealing stronger underlying operational leverage. Volume growth contributed ₹1,029 million (22.8%) to sales, while price/mix contributed negatively (-0.7%), indicating that growth is primarily volume-driven rather than price-driven.

Shailesh Kumar Sharma, Managing Director of SKF India Limited, stated that the results reflect the strength of the business portfolio and disciplined execution. He emphasized the company’s focus on delivering sustainable growth through technology leadership and local manufacturing capabilities.

Mayank Holani, Chief Financial Officer, highlighted the continued focus on strengthening operational efficiency and improving cost competitiveness. The company noted that these priorities aim to drive sustainable performance and create long-term value for stakeholders.

Business Updates and Strategic Wins

The results follow a recent corporate restructuring that has created two independently focused entities, enabling sharper strategic alignment with market requirements. The company disclosed that exceptional items included non-recurring expenses pertaining to demerger activities and new regulations in the previous quarter.

SKF India secured several strategic business wins during the quarter:

• New PV Wheel Bearing Business: Won a contract with a large passenger vehicle manufacturer for front and rear wheel bearings. This win leverages SKF’s >95% localization capability, helping the customer secure PLI incentives under ‘Make in India’ initiatives while mitigating supply chain risks.
• Suzuki Motorcycle India: Received the ‘Best Delivery Award’ in the Proprietary Group at the Annual Supplier Conference, citing >98% delivery ratings since SOP and successful system integration.
• Divgi Torq Transfer Solutions: Recognized as a preferred technical supplier partner for improving efficiency on newly launched EV reducers.

The company also highlighted sustainability achievements, with its Bangalore, Haridwar, and Pune automotive plants achieving decarbonized status through >98% renewable energy sourcing. Additionally, the Bangalore site achieved water positivity by 2 times, and Haridwar by 2.57 times.

The earnings call for Q1FY27 was held on August 17, 2026, where management discussed these results and the broader macroeconomic context supporting higher automotive production.