Pursuant to Clause 15(b)(iii) 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 Thursday , 07th August 2025 at 10:30 am. The same will soon be uploaded on the website of the company for convenience of the shareholders.
SKFINDIA · price
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SKF India reported Q1 FY26 net sales growth of ~6% year-on-year, with the Industrial segment growing strongly at 13% (driven by railways, wind energy, and heavy industries) while Automotive was largely flat at -0.4%. Margins came under significant pressure, dropping 530 basis points due to one-time demerger costs (INR 184 million), employee annual increments, higher depreciation from new factory investments, and adverse forex impact. Cash flow improved 13% year-on-year. The company provided an update on its Automotive-Industrial demerger, confirming NCLT filing, expected shareholder approval this quarter, and listing as two separate entities by Q4 CY2025. Management guided to an 8-10% revenue CAGR for Industrial and 10-12% for Automotive over the next 3 years, with margin recovery to the 16-19% range targeted by 2028, after near-term demerger cost impact of 1.5-2% on margins.
Near-term margins remain pressured for the next 1-1.5 years due to ongoing demerger expenses, but the demerger is progressing on schedule and is expected to unlock value through two focused, independently managed entities. Long-term growth visibility and margin recovery roadmap remain intact, which is constructive for the stock over a 2-3 year horizon.