Financial Results for Fourth Quarter and Year ended 31st March 2026
SKFINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SKF India reported standalone revenue from operations of ₹21,295.9 million for FY2026, up 58% from ₹13,453.4 million in FY2025, driven by the demerger of the Industrial Undertaking effective October 2025. However, total profit after tax declined to ₹2,660.1 million from ₹5,658.1 million due to a ₹614.8 million incremental tax expense from a Bilateral Advance Pricing Agreement (BAPA) with CBDT covering FY2012-13 to FY2020-21, and higher tax provisions. The company recorded ₹271 million in exceptional items including labour code adjustments and demerger expenses. The Q4 standalone result showed a loss of ₹202.3 million due to the BAPA tax charge. The Board recommended a dividend of ₹40 per share (400%). The Industrial Undertaking was demerged into SKF India (Industrial) Limited, which is now listed on BSE and NSE.
The significant PAT decline due to a large one-time tax charge from the BAPA agreement is a concern, though underlying operations show strong revenue growth. The demerger creates a smaller, focused bearings business going forward.