Outcome of Board Meeting held on 12th May 2026
SKFINDUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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SKF India (Industrial) Limited reported annual revenue from operations of Rs 34,403.6 million and profit after tax of Rs 2,176.7 million for FY2026. The company is a newly incorporated entity (December 2024) resulting from the demerger of the Industrial Undertaking from SKF India Limited, with shares listed on BSE and NSE in December 2025. The statutory auditor Deloitte Haskins & Sells LLP issued an unmodified (clean) opinion on the financial results. The Board recommended a final dividend of Rs 10 per share (100% payout) worth Rs 494.4 million, subject to shareholder approval at the AGM. Exceptional items of Rs 1,961 million were recorded, comprising demerger expenses (Rs 286.9 million), transfer premium for land (Rs 1,639.2 million), and statutory impact of new Labour Codes (Rs 34.9 million). Related party transactions include loans and interest income from the Ultimate Parent Company.
The clean audit opinion and recommendation of 100% dividend payout are positive signals for shareholders. However, the company is in a transitional phase post-demerger, and the large exceptional items (Rs 1,961 million) temporarily suppress the profitability figure. Year-on-year comparison is not meaningful as the company was incorporated only in December 2024.