SKF India Reports FY26 Results, Publishes Newspaper Ad Under Regulation 47
SKF India announced its FY26 audited financial results with standalone Revenue from Operations of INR 21,295.9 million and net profit of INR 2,660.1 million. The Board recommended a final dividend of INR 40 per equity share (400%), subject to shareholder approval at the 65th AGM on August 14, 2026. The company also published its financial results in newspapers on May 15, 2026 under Regulation 47 of SEBI LODR, and appointed Mr. Mayank Holani as the new CFO effective May 14, 2026.

*this image is generated using AI for illustrative purposes only.
SKF India has announced its audited financial results for the financial year ended March 31, 2026, alongside the recommendation of a final dividend. The Board of Directors, at its meeting held on May 13, 2026 (commencing at 16:00 hrs IST and concluding at 20:45 hrs IST), approved the Standalone and Consolidated Financial Results. The Statutory Auditors, M/s. Deloitte Haskins & Sells LLP, Chartered Accountants, issued unmodified opinions on both the Unaudited Financial Results for the fourth quarter and the Annual Audited Financial Results for the financial year ended March 31, 2026. In compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SKF India published its financial results in Financial Express (all India Edition), Economic Times (Mumbai, Pune, Delhi & Bangalore Edition) in English, and Maharashtra Times (Pune Edition) in Marathi, with the advertisement dated May 15, 2026.
Financial Performance
For the financial year ended March 31, 2026, SKF India reported standalone Revenue from Operations of INR 21,295.9 million, reflecting a year-on-year growth of 15.4% and a quarter-on-quarter growth of 20.7%. The total standalone Net Profit for the period (after tax, for continuing and discontinued operations combined) stood at INR 2,660.1 million. On a consolidated basis, Revenue from Operations for the full year was INR 37,433.9 million. The following tables summarise the key standalone and consolidated financial metrics for the quarter and year ended March 31, 2026.
Consolidated Financial Results (INR in million)
| Particulars: | Q4 FY26 (Unaudited) | Q3 FY26 (Unaudited) | Q4 FY25 (Unaudited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|---|---|
| Revenue from Operations: | 5,945.4 | 5,766.4 | 12,133.7 | 37,433.9 | 49,199.2 |
| Net Profit/(Loss) Before Tax (After Exceptional Items): | 465.7 | 863.5 | 2,756.5 | 4,333.8 | 7,632.0 |
| Net Profit/(Loss) After Tax (After Exceptional Items): | (197.6) | 620.0 | 2,032.8 | 2,659.4 | 5,659.1 |
| Total Comprehensive Income: | (227.8) | 611.5 | 1,931.7 | 2,446.1 | 5,579.0 |
| Equity Share Capital: | 494.4 | 494.4 | 494.4 | 494.4 | 494.4 |
| Basic EPS (₹): | (4.0) | 12.5 | 41.1 | 53.8 | 114.5 |
| Diluted EPS (₹): | (4.0) | 12.5 | 41.1 | 53.8 | 114.5 |
Standalone Financial Results (INR in million)
| Particulars: | Q4 FY26 (Unaudited) | Q3 FY26 (Unaudited) | Q4 FY25 (Unaudited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|---|---|
| Revenue from Operations: | 5,945.4 | 5,766.4 | 4,926.5 | 21,295.9 | 18,453.4 |
| Net Profit/(Loss) Before Exceptional Items & Tax (Continuing Operations): | 533.5 | 964.5 | 1,107.4 | 2,621.0 | 3,551.5 |
| Net Profit/(Loss) Before Exceptional Items & Tax (Discontinued Operations): | 0.0 | 0.0 | 1,645.1 | 2,144.6 | 4,079.6 |
| Net Profit/(Loss) After Tax (Continuing Operations): | 461.0 | 619.9 | 813.8 | 1,172.2 | 2,633.2 |
| Net Profit/(Loss) After Tax (Discontinued Operations): | (202.3) | 0.0 | 1,214.2 | 1,487.9 | 3,024.9 |
| Net Profit/(Loss) After Tax (Total): | (202.3) | 619.9 | 2,028.0 | 2,660.1 | 5,658.1 |
| Total Comprehensive Income: | (232.5) | 611.4 | 1,926.9 | 2,446.8 | 5,578.0 |
Standalone Key Metrics Summary
| Parameter: | Standalone FY26 (INR Million) |
|---|---|
| Revenue from Operations: | 21,295.9 |
| Total Income: | 22,066.4 |
| Profit for the period (total): | 2,660.1 |
| Total Equity: | 13,294.7 |
Dividend Declaration
The Board of Directors has recommended a final dividend of INR 40 per equity share (400% on equity shares of INR 10 each) for the financial year ended March 31, 2026, subject to approval of shareholders at the ensuing Annual General Meeting. When approved by the members, this will result in a cash outflow of INR 1,977.14 million. The dividend shall be paid or dispatched within 30 days from the date of the AGM, if declared and approved by the members.
Annual General Meeting & Key Dates
The 65th Annual General Meeting of the Company for FY 2025-26 will be held via Video Conferencing/Other Audio-Visual Means on Friday, August 14, 2026 at 1:00 p.m. IST. Mr. Jayavant B Bhave from M/s. J B Bhave & Co., Practicing Company Secretaries, Pune, has been appointed as the scrutinizer for the e-voting process. The key dates associated with the AGM and dividend are outlined below:
| Event: | Date |
|---|---|
| Record Date (AGM & Dividend): | Friday, July 3, 2026 |
| E-Voting Cut-off Date: | Friday, August 7, 2026 |
| Remote E-Voting Period Commencement: | Tuesday, August 11, 2026 at 9:00 a.m. IST |
| Remote E-Voting Period End: | Thursday, August 13, 2026 at 5:00 p.m. IST |
| 65th Annual General Meeting: | Friday, August 14, 2026 at 1:00 p.m. IST |
National Securities Depository Limited (NSDL) has been appointed to provide e-voting, including remote e-voting, for the AGM.
Appointment of Cost Auditors
On the recommendation of the Audit Committee, the Board approved the appointment of M/s Joshi Apte and Associates (Firm Registration No. 000240), Cost Accountants, as Cost Auditors of the Company for the Financial Year 2025-26.
Key Management Appointments
In a significant leadership change, the Board approved the appointment of Mr. Mayank Holani as Chief Financial Officer (CFO) effective May 14, 2026. Mr. Holani succeeds Ms. Aashi Arora, who resigned as Interim CFO effective May 14, 2026, due to the conclusion of her interim assignment and a change in role. Mr. Holani brings over 23 years of experience, including six years as a CFO, having previously served at Indian Synthetic Rubber Private Limited and Schneider Electric Infrastructure Limited. Additionally, Mr. Prahlada GirishKumar was appointed as Head - Strategy and Special Projects and as a member of the Senior Management Team effective May 14, 2026.
| Appointment: | Details |
|---|---|
| New CFO: | Mr. Mayank Holani (effective May 14, 2026) |
| Outgoing Interim CFO: | Ms. Aashi Arora (resigned effective May 14, 2026) |
| New Senior Management Member: | Mr. Prahlada GirishKumar, Head - Strategy and Special Projects (effective May 14, 2026) |
Source: None/Company/INE640A01023/0c290655-64c2-4d31-9c28-ca4464e0f393.pdf
Historical Stock Returns for SKF India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.04% | -2.25% | +5.39% | -17.31% | -13.46% | -27.02% |
How will the divestiture of discontinued operations impact SKF India's standalone revenue trajectory and margin profile in FY27, given that discontinued operations contributed significantly to FY26 profits?
What strategic priorities is incoming CFO Mayank Holani likely to pursue, and how might his background at Schneider Electric and Indian Synthetic Rubber influence SKF India's capital allocation decisions?
Given the sharp decline in consolidated revenue from INR 49,199.2 million in FY25 to INR 37,433.9 million in FY26, what organic growth levers does SKF India plan to deploy to offset the revenue gap left by discontinued operations?


































