SKF India (Industrial) Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
SKF India Industrial reported revenue from operations of INR9,708 million for Q1 FY27, up 18.3% year-on-year and 2.6% quarter-on-quarter, with PBT margin at around 9.0%-9.5% impacted by forex losses and one-time demerger-related IT expenses. Management said cash conversion was 63.0% for the quarter and detailed order wins including a INR140 crore gearbox order and a INR35 crore tractor OEM contract. The company also discussed its planned INR900-950 crore investment in a new Pune manufacturing plant expected to begin production from 2028, and Sujeeth Pai will take over as Managing Director effective September 1st.
SKF India (Industrial) Limited reported sequential sales growth of 9.8% to Rs 9.5 billion in Q4 FY26, driven primarily by OEM demand from wind, metals and rail customers, while profit before tax margin excluding one-time demerger-related expenses was 11.5% versus 13.1% in the prior quarter. Management attributed the margin decline to a shift in sales mix toward lower-margin OEM business and higher employee costs from full bonus accrual. Net working capital fell 2.8% quarter-on-quarter to 18.7% of sales, aided by inventory reduction.