SKP Bearing Industries reported a 15.2% increase in net profit for the year ended March 31, 2026, rising to ₹150.06 crore from ₹130.26 crore in the previous year, driven by a significant rise in revenue. Revenue from operations for the year grew 53.4% to ₹807.01 crore compared to ₹526.01 crore in FY25. The company's board approved the audited financial results at a meeting held on May 28, 2026.

The company submitted revised audited financial results for the half year and year ended March 31, 2026, to the National Stock Exchange of India. The submission was made to correct a typographical error identified in the cash flow statement. Management clarified that the error was purely clerical and did not impact the overall financial position, profitability, or any other financial parameters of the company.

For the quarter ended March 31, 2026, the company reported a net profit of ₹35.86 crore, a decrease from ₹43.18 crore in the quarter ended December 31, 2025. Revenue from operations for the quarter stood at ₹307.83 crore. Total assets as of March 31, 2026, increased to ₹1,287.25 crore from ₹997.97 crore in the previous year.

Consolidated Performance

On a consolidated basis, the group reported a net profit of ₹8.76 crore for the year ended March 31, 2026, a sharp decline from ₹29.74 crore in the previous year. Total consolidated income rose to ₹1,071.06 crore from ₹710.35 crore. The statutory auditors, Dipak P Shah & Co, issued a qualified opinion on the consolidated results due to the inability to audit the financial statements of the subsidiary, SKP Bearing Industries Limited - France, whose audit was pending. The subsidiary's management-certified financial statements reflected a net loss after tax of ₹137.94 crore for the year.

Financial Metrics

SKP Bearing Industries Limited has appointed M/s. P. A. Parekh & Co. as its new internal auditor for a tenure spanning FY 2026-2027 to FY 2027-2028. The appointment follows the resignation of the previous internal auditor, M/s. Sandeep Suhas Sabne, effective April 1, 2026. The company disclosed these changes in a regulatory filing submitted on May 25, 2026.

The resignation of M/s. Sandeep Suhas Sabne was attributed to other pre-occupations and engagement in other professional assignments. The firm ceased its duties as internal auditor effective from the close of business hours on April 1, 2026. The company confirmed that the transition complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

M/s. P. A. Parekh & Co., Chartered Accountants, brings over 15 years of experience in auditing, taxation, and financial consultancy. Established in 2009, the firm operates from its corporate office in Ahmedabad and head office in Bhavnagar. The firm has previously conducted statutory and internal audits for major banks, including State Bank of India, Bank of Baroda, and Central Bank of India.

The appointment is effective immediately from the closure of business hours on May 25, 2026. The firm will oversee the internal audit functions for the specified tenure. The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026.

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