In continuation to our intimation dated 05th May 2026 and pursuant to SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Board of Directors of the Company at their meeting held today i.e. 12th May, 2026 commenced at 4:00 pm (IST) and concluded at 8:45 pm (IST), has, inter-alia, considered, discussed and approved the following :1) Financial Results: Unaudited Financial Results for the Fourth Quarter and Annual Audited Financial Results of the Company for the financial year ended 31st March 2026 of the Company together with Limited Review Report and Auditors' Reports of the Statutory Auditors, that were placed before the Board of Directors and was taken on record.We hereby declare that the Statutory Auditors M/s. Deloitte Haskins & Sells LLP, Chartered Accountants, have issued their Limited Review Report and Audit Reports with unmodified opinion on the Unaudited Financial Results for the fourth quarter and Financial Results for the financial year ended 31st March 2026.
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SKF India (Industrial) Limited reported annual revenue of INR 34,403.6 million and net profit of INR 2,176.7 million for FY2026 (ended 31 March 2026). Q4 standalone revenue was INR 9,457.2 million with net profit of INR 1,189.7 million. The Board recommended a final dividend of Rs 10 per equity share (100%), totaling INR 494.4 million, subject to shareholder approval at the ensuing AGM. Statutory auditors Deloitte Haskins & Sells LLP issued an unmodified opinion on the audited annual results. This company was incorporated on 17 December 2024 and came into existence via a demerger of the Industrial Business from SKF India Limited, with shares listed on BSE/NSE from 5 December 2025. Exceptional items of INR 1,961.0 million were recorded primarily for demerger expenses (INR 1,639.2 million) and impact of new Indian Labour Codes (INR 34.9 million). Prior year comparative figures are not fully comparable as the company only existed from December 2024.
Strong profit delivery with clean audit opinion and shareholder-friendly dividend policy. However, the large exceptional items related to demerger costs and labour code changes reduce the quality of headline earnings. Trade receivables and inventory grew significantly year-on-year, indicating working capital pressure that investors should monitor.