Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR') including circulars issued thereunder and other applicable provisions, ....
SKFINDIA · price
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SKF India reported consolidated revenue of ₹49,199.2 million for FY26, up 15.4% YoY, but Profit After Tax fell to ₹2,659.4 million from ₹5,659.1 million in the prior year, largely due to a one-time BAPA (Bilateral Advance Pricing Agreement) tax charge of ₹614.8 million (including ₹72.8 million interest) related to transactions with its ultimate parent company for FY2012-13 to FY2020-21. Additional demerger expenses of ₹334.4 million (consolidated) were recorded as exceptional items. The company completed a demerger of its Industrial Undertaking into SKF India (Industrial) Limited effective October 1, 2025; the resulting company listed on BSE/NSE on December 5, 2025. Statutory changes under new Labour Codes added a ₹24 million exceptional charge. Deloitte Haskins & Sells LLP issued an unmodified opinion on both standalone and consolidated results with no going concern or qualification flags. The Board proposed a dividend of ₹40 per share (400%). Aashi Arora resigned as Interim CFO effective May 14, 2026.
The large one-time tax charge under BAPA significantly compressed FY26 earnings, but the underlying operating business showed revenue growth. The demerger changes the company's business profile going forward. Shareholders should note the CFO change and ongoing tax dispute provisions.