SKF India Industrial AGM set for Aug 13, 2026
SKF India (Industrial) Limited has scheduled its 2nd AGM for August 13, 2026, via video conferencing to adopt FY 2025-26 financial statements and approve a final dividend of INR 10 per share. The company reported a revenue of INR 34,403.6 Million and a profit after tax of INR 2,176.7 Million for the year ended March 31, 2026.
*this image is generated using AI for illustrative purposes only.
SKF India (Industrial) Limited has scheduled its 2nd Annual General Meeting (AGM) for Thursday, 13 August 2026, at 3:00 p.m. IST through Video Conferencing. The meeting will transact business including the adoption of audited financial statements for the year ended 31 March 2026 and the approval of a final dividend of INR 10 per equity share. The record date for dividend eligibility is Friday, 3 July 2026, with payment scheduled on or after Monday, 17 August 2026.
Financial Performance for FY 2025-26
The company reported a revenue from operations of INR 34,403.6 Million for the financial year ended 31 March 2026, compared to INR 7,206.1 Million in the previous year. Profit after tax stood at INR 2,176.7 Million. Basic and diluted earnings per share were INR 44.0. The company incurred capital expenditure of INR 2,397.02 Million during the year.
| Metric: | Year Ended 31st March, 2026 (INR Mn) | Year Ended 31st March, 2025 (INR Mn) |
|---|---|---|
| Revenue from Operations: | 34,403.6 | 7,206.1 |
| Other Income: | 591.2 | 126.6 |
| Total Income: | 34,994.8 | 7,332.7 |
| Profit before exceptional item and tax: | 4,173.7 | 1,644.0 |
| Exceptional Items: | 1,961.0 | — |
| Profit after Tax: | 2,176.7 | 1,213.1 |
Resolutions and Related Party Transactions
Shareholders will vote on the re-appointment of Mr. Sujeeth Pai as Whole Time Director and the appointment of M/s J. B. Bhave & Co. as Secretarial Auditor for a period of five years from FY 2026-27 to FY 2030-31. The Board has recommended the remuneration of Cost Auditors for FY 2026-27 at INR 2,50,000 plus applicable taxes and out-of-pocket expenses.
The meeting seeks approval for material related party transactions with several group entities for FY 2026-27. These include transactions with SKF GmbH up to INR 6,400 Million, SKF Engineering and Lubrication India Private Limited up to INR 12,071 Million (including a loan of INR 2,500 Million), SKF Sverige AB up to INR 4,125 Million, SKF AB Sweden up to INR 4,647 Million, SKF India Limited up to INR 18,180 Million, and SKF Asia Pacific Pte Ltd up to INR 3,816 Million.
Operational Highlights
OEM contributed 51% of sales during the year, while distribution contributed 35%. Overall localisation levels reached approximately 60%, with local procurement at approximately 78%. The company’s operations were powered approximately 97% by renewable energy during FY 2025-26. Total energy use stood at 51.55 GWh, with renewable energy generated onsite and offsite at 50.11 GWh.
Governance and Dividend
Statutory auditors M/s Deloitte Haskins & Sells LLP issued an unmodified audit opinion. The Board has recommended a final dividend of INR 10 per equity share for FY 2025-26, subject to shareholder approval. The remote e-voting period commences on 9 August 2026 at 9:00 a.m. and ends on 12 August 2026 at 5:00 p.m.
Historical Stock Returns for SKF India Industrial
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.56% | -1.77% | -6.18% | -0.28% | +1.55% | +1.55% |
How does the company plan to sustain the significant revenue growth reported in FY 2025-26 given the exceptional items recorded?
What strategic initiatives are in place to further increase localisation levels beyond the current 60%?
Will the high capital expenditure of INR 2,397.02 Million lead to expanded production capacity or new product lines in the coming year?
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