SKF India (Industrial) Limited delivered a remarkable financial turnaround in Q4 FY26, posting a net profit of ₹1,189.7 million compared to a loss of ₹500.9 million in Q3 FY26. According to the company's latest unaudited results, revenue from operations increased 9.8% quarter-on-quarter to ₹9,457.2 million for the fourth quarter ended March 31, 2026. The company's profit before tax (PBT) stood at ₹899.7 million with a PBT margin of 9.5%, a significant improvement from the loss of ₹671.4 million in the preceding quarter. For the full year FY26, revenue from operations reached ₹34,403.6 million with net profit of ₹2,176.7 million.
SKF India's Board of Directors approved the appointment of Mr. Prahlada GirishKumar, Head - Strategy and Special Projects, as a member of the Senior Management Team with effect from May 14, 2026. The decision was taken by the Board of Directors at its meeting held on May 13, 2026, based on the recommendation of the Nomination and Remuneration Committee. Mr. GirishKumar brings over 33 years of industry leadership experience across strategy, automotive business management, engineering, and sustainability. He holds a Bachelor of Engineering (B.E.) in Mechanical Engineering from PES College of Engineering, University of Mysore, and has held key roles at SKF India including Head of Business Line for India and Southeast Asia, Head of Automotive Application Engineering, and was a key architect of the SKF Global Technical Centre. The appointment is not related to any Director, Key Managerial Personnel, or Promoter of the Company.
SKF India Limited announced on May 13, 2026 that Ms. Aashi Arora has resigned as Interim Chief Financial Officer and Key Managerial Personnel, effective from May 14, 2026. According to the company's disclosure under Regulation 30 of SEBI LODR, the resignation is attributed to the conclusion of her interim assignment and a change in role within the organisation. In her resignation letter dated May 6, 2026, Ms. Arora confirmed there is no other material reason for her resignation beyond what has been stated, and requested the company to initiate all necessary formalities including informing regulatory authorities. The company has appointed Mayank Holani as Chief Financial Officer effective May 14, 2026 to replace Ms. Arora in the permanent role.
The Board of Directors has recommended a final dividend of ₹10 per equity share (face value ₹10 each) for the financial year ended March 31, 2026, subject to shareholder approval at the forthcoming 2nd Annual General Meeting. As per the company's latest announcement, the record date for determining eligible shareholders has been fixed as Friday, July 3, 2026, and the dividend will be paid on or before Friday, September 11, 2026. The total dividend payout will amount to ₹494.4 million if approved by shareholders.
SKF India Limited has appointed M/s Joshi Apte & Associates, Cost Accountants (Firm Registration No. 000240) as Cost Auditors for the Financial Year 2026-27. The appointment was approved by the Board of Directors at its meeting held on May 13, 2026, based on the recommendation of the Audit Committee. This disclosure has been made pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, read with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026. The appointment was carried out in compliance with Section 148 of the Companies Act, 2013, read with the Companies (Cost Records and Audit) Rules, 2014, which mandates every listed company to appoint Cost Accountants in Practice as Cost Auditors. M/s Joshi Apte & Associates is a peer-reviewed firm with 15 years of experience in Cost Management Accountancy, offering expert services in Cost Management Accountancy for the last 15 years with a dynamic team comprising seasoned practitioners and young professionals.
The company demonstrated significant operational improvements with net working capital declining to 18.7% of net sales in Q4 FY26 from 21.5% in the previous quarter. Consequently, net cash flow from operations improved to ₹2,370 million in Q4 FY26 from a negative ₹238 million in Q3 FY26. Net cash flow from operations after exceptional items was ₹1,638.4 million for the full year. As at March 31, 2026, total assets stood at ₹26,745.0 million, up from ₹19,147.3 million as at March 31, 2025, while total equity increased to ₹14,768.5 million from ₹13,110.4 million. Cash and cash equivalents at year-end were ₹5,691.7 million, compared to ₹4,531.4 million at the start of the year.
