Pursuant to the Regulation 30 & 33 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR"), and in continuation to our intimation dated 30th July 2025 to Stock Exchanges for the Board Meeting Scheduled to be held on 06th August 2025, we wish to inform you that Board of Directors of the Company at its meeting held today commenced at 17:30 Hrs and concluded at 21:15 Hrs.Approved the Unaudited Financial Results (Standalone and Consolidated) for the First Quarter ended 30th June 2025 together with Limited Review Report/Auditors' Reports of the Statutory Auditors, that were placed before the Board of Directors and was taken on record. (Annexed with this communication as Annexure - 1). Pursuant to Regulation 33(3)(d) of the SEBI LODR read withSEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024, we hereby declare that the Statutory Auditors - M/s. Deloitte Haskins & Sells LLP, Chartered Accountants, have issued the Limited Review Reports with Unmodified opinion on the Unaudited Financial results (Standalone and Consolidated) of the Company for the first quarter ended 30th June 2025.
SKFINDIA · price
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Awaiting price reaction for this filing.
SKF India's Board, at its meeting on August 6, 2025, approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations grew ~6.4% year-on-year to ₹12,831.5 million, up from ₹12,062.2 million in Q1 FY25. However, profit after tax (standalone) fell ~25% to ₹1,186.0 million from ₹1,590.4 million, with EPS declining to ₹24.0 from ₹32.2. The sharp profit drop was mainly driven by a steep fall in other income (₹151.2M vs ₹400.6M) and higher operating costs, leading to significant margin compression. Statutory auditors Deloitte Haskins & Sells LLP issued an unmodified (clean) opinion on the results. The demerger of the Industrial Business into wholly owned subsidiary SKF India (Industrial) Limited remains pending NCLT approval.
Mixed quarter for shareholders: topline growth was healthy, but a sharp ~25% PAT decline and margin compression may weigh on the stock in the short term. Investors should watch for updates on the pending Industrial Business demerger, which could reshape the company's structure and valuation.