SKF India Q4 FY25 results: net profit up 16.0% to ₹203.35 crore, revenue up 0.8%

How did SKF India perform in Q4 FY25?

SKF India reported consolidated revenue of ₹1,213 crore in Q4 FY25, up 0.8% from ₹1,203 crore a year earlier but down 3.4% from ₹1,256 crore in Q3 FY25. Total income was ₹1,225.87 crore, down 1.0% year on year and 6.0% sequentially. EBITDA rose to ₹284.61 crore from ₹213.37 crore in Q4 FY24, while the EBITDA margin increased to 23.5% from 17.7%.

Profit before tax was ₹275.14 crore in Q4 FY25, against ₹229.19 crore in Q4 FY24 and ₹147.21 crore in Q3 FY25. After tax of ₹72.37 crore, net profit was ₹203.35 crore, compared with ₹175.23 crore a year earlier and ₹109.50 crore in the previous quarter. Basic EPS was ₹41.01, against ₹35.45 in Q4 FY24 and ₹22.15 in Q3 FY25. On the standalone basis, revenue was ₹1,213.37 crore and profit after tax was ₹202.77 crore.

What changed in SKF India's costs and profit?

Total expenses fell ₹58.42 crore, or 5.8%, from ₹1,009 crore in Q4 FY24 to ₹950.73 crore in Q4 FY25. Cost of materials declined ₹11.78 crore to ₹321.41 crore and finance costs fell ₹0.10 crore to ₹0.14 crore. Employee cost rose ₹11.32 crore to ₹100.46 crore, depreciation increased ₹2.95 crore to ₹21.83 crore, and other expenses rose ₹15.52 crore to ₹209.31 crore. There was no exceptional item in either quarter.

Other income fell ₹22.44 crore, or 64.2%, to ₹12.50 crore in Q4 FY25 from ₹34.94 crore in Q4 FY24. Tax expense increased ₹17.99 crore to ₹72.37 crore. Management said the increase in profit before tax margin was partly related to cost-saving efforts and also to a catch-up on transfer pricing.

Against Q3 FY25, total expenses fell ₹205.67 crore to ₹950.73 crore, while other income declined ₹35.01 crore to ₹12.50 crore and tax rose ₹34.81 crore to ₹72.37 crore. Cost of materials increased ₹10.81 crore, employee cost increased ₹12.72 crore, and depreciation increased ₹0.45 crore from the previous quarter.

How did SKF India do in FY25 as a whole?

For FY25, consolidated revenue was ₹4,919.92 crore, up 7.7% from ₹4,570.13 crore in FY24. Total income rose 8.1% to ₹5,043.46 crore, while profit before tax increased 3.7% to ₹763.1 crore. Net profit for the year was ₹565.98 crore, compared with ₹551.8 crore in FY24, and basic EPS was ₹114.44 against ₹111.61.

The full-year revenue increase was ₹349.79 crore, while total income increased by ₹379.32 crore. Profit before tax rose by ₹27.31 crore and net profit increased by ₹14.18 crore. The reported basic EPS increase was ₹2.83.

What do the balance sheet and cash flow show?

At 31 March 2025, total assets were ₹3,563.74 crore, compared with ₹3,509.84 crore at 30 September 2024, while total equity was ₹2,597.95 crore against ₹2,293.52 crore. Cash declined to ₹710.76 crore from ₹776.63 crore, and there were no borrowings at either date. Inventories rose to ₹873.33 crore from ₹824.77 crore, trade receivables to ₹848.58 crore from ₹805.63 crore, and trade payables fell to ₹663.0 crore from ₹925.57 crore.

FY25 operating cash flow was ₹203.08 crore, compared with ₹624.09 crore in FY24. Investing cash flow was -₹59.74 crore against -₹158.15 crore, and financing cash flow was -₹650.1 crore against -₹203.76 crore. Capital expenditure was ₹131.23 crore in FY25, compared with ₹130.39 crore in FY24.

How has SKF India done over the last 8 quarters?

Revenue rose in each of the last eight quarters, according to the supplied trend data. Over the latest four quarters, revenue moved from ₹1,206.22 crore in Q1 FY25 to ₹1,244.23 crore in Q2 FY25 and ₹1,256.1 crore in Q3 FY25 before easing to ₹1,213.37 crore in Q4 FY25, the highest level among those four quarters.

Profit and margin followed a different path. Net profit was ₹158.93 crore in Q1 FY25, fell to ₹94.19 crore in Q2 FY25, rose to ₹109.5 crore in Q3 FY25 and reached ₹203.35 crore in Q4 FY25. The EBITDA margin declined from 16.1% in Q1 FY25 to 9.7% in Q3 FY25 before rising to 23.5% in Q4 FY25. Across the full trend series, revenue bottomed at ₹1,092.31 crore in Q3 FY24 and peaked at ₹1,256.1 crore in Q3 FY25.

What else did the company announce?

The board approved the unaudited Q4 FY25 financial results and audited FY25 financial statements, on both standalone and consolidated bases, along with the balance sheet and cash-flow statements. It recommended a final dividend of Rs. 14.5/- per equity share, payable or dispatchable within 30 days from the AGM if declared and approved by members. The 64th AGM was scheduled for 6 August 2025.

The board approved Joshi Apte and Associates as cost auditors for FY 2025-26, Samdani & Co. as tax and GST auditors for FY 2024-25, and J B Bhave & Co. as secretarial auditors for five consecutive years from FY 2025-26 to 2029-30, subject to shareholder approval. No fund raise was stated in the same-day filings.

What did SKF India's management say?

Management maintained a medium-term profit before tax margin guidance of 16-19%. It said the Q4 profit before tax margin increase was partly related to cost-saving efforts and a catch-up on transfer pricing, while the underlying FY25 EBITDA margin was 17.5%. Management identified transfer-pricing volatility, inventory normalisation, automotive capacity constraints, steel pricing and tariff headwinds, and higher depreciation from capital expenditure as risks.

CFO Ashish Saraf said capital expenditure was currently around INR130 crores and could double over the next 2 to 3 years. Management said this would support a new Pune plant for the industrial entity and capacity expansion. It also maintained a long-term industrial localisation target of ~70% at ISEA level and said carve-out financials for the auto and industrial businesses would be shared once finalised.

MD Mukund Vasudevan said the demerger process had reached the National Company Law Tribunal filing stage, with final approval, shareholder and creditor meetings still required. Management targeted listing by Q3 or Q4 calendar 2025 and described Q4 sales as muted against tough comparisons and weak exports.

How did SKF India shares react?

After the filing appeared after market hours, SKF India was up 3.7% after 5 minutes, 3.1% after 15 minutes and 2.1% after 30 minutes. By the reaction-day close, the stock was up 4.9% from its pre-results close. By the next day's close, it was up 6.3% from that same pre-results close, and by five sessions it was up 6.8%.

On the reaction day, the Auto Components & Equipments industry median rose 0.7%, while the Nifty Microcap 250 rose 0.8%. SKF India exceeded the industry median by 4.3 percentage points. The excess moves were 4.8 percentage points by the next day's close and 4.2 percentage points by five sessions. Earlier reaction-day moves were -3.5% on 12 February 2025, -8.8% on 13 November 2024, -1.9% on 13 August 2024 and 8.0% on 8 May 2024.

How did other Auto Components & Equipments companies do?

Among 113 Auto Components & Equipments companies compared, the median revenue growth was 8.3%. Of the other companies, 31 grew slower than SKF India and 82 grew faster than SKF India, while the company itself reported revenue growth of 7.7% for FY25.

Profit increased for 58 of the 113 peers compared. The peer comparison covers companies that had filed for the quarter and was recorded as of 6 November 2026.