Pursuant to Clause 15(b)(ii) of Schedule III, Part A, Para A read with Regulation 30 (2), Regulation 30(6)&Regulation 46(2)(oa)of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended from time to time) ( SEBI LODR ) and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024, please find enclosed herewith the transcript of Analyst / Institutional Investor meeting held on Monday, 19th May 2025 at 9:30 a.m. (IST). The same will soon be uploaded on the website of the company for convenience of the shareholders.

Management guided margin improvementOrder pipeline disclosedMulti-year targets disclosedInvestor Communications View source PDF Explain this filing

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AI summary

SKF India reported FY25 revenue of INR4,831 crores, up ~8% YoY, driven by industrial (+10%) and automotive (+6%) segments, though exports were muted at +3% due to weak global macros. Q4 sales grew only 1% YoY, but PBT margin jumped from 11.9% to 23.3% largely due to a transfer pricing catch-up adjustment in traded goods. Management reaffirmed a PBT margin guidance band of 16-19% and expects medium-to-long-term margin expansion in both the automotive and industrial businesses post-demerger. The demerger into two separate listed entities (auto and industrial) is on track, with NCLT filing done and listing expected by Q3/Q4 calendar 2025-26. Capex is set to double from current INR130-150 crores to ~INR250-300 crores over the next 2-3 years, mainly for a new industrial bearings plant in Pune on existing land and capacity expansion in auto.

Likely market impact

Mixed signals for shareholders: FY25 full-year growth and margin band guidance are positive, but Q4 strength was largely a one-time transfer pricing adjustment rather than operational outperformance. The upcoming demerger could unlock value, but higher capex and depreciation in the near term may pressure margins, while weak exports remain a drag.