SKF India Q1 FY2026-27: Strong Revenue Growth and Profitability Recovery
SKF India Limited presented its Q1 FY2026-27 results to analysts and institutional investors on August 17, 2026. The presentation highlighted strong year-on-year revenue growth, a significant improvement in profitability, and several new business wins across automotive and industrial applications.
SKF India Q1 FY2026-27: Key Highlights
SKF India reported a strong performance during the April-June 2026 quarter, supported by favourable macroeconomic conditions and higher automotive production.
The company reported revenue from operations of ₹5,878 million, compared with ₹4,625 million in June 2025, representing 27.1% year-on-year growth. On a sequential basis, revenue declined 1.1% from ₹5,945 million in March 2026.
Profitability also improved substantially during the quarter, with EBITDA increasing 27.6% year-on-year to ₹1,004 million. EBITDA margin stood at 17.1%, compared with 17.0% in the corresponding quarter last year and 11.7% in the previous quarter.
Profit before tax increased 32.8% year-on-year to ₹838 million, while PBT margin improved to 14.3% from 13.6% a year earlier and 7.8% in the previous quarter.
Revenue Growth Remains Strong
SKF India’s sales excluding other operating income stood at approximately ₹5.512 billion in Q1 FY2026-27.
The presentation shows sales growth of 22.1% year-on-year, while sequential sales were down approximately 0.7%. Price/mix and volume movements influenced the quarterly performance.
The company described the quarter as one of strong sales and stabilising profitability, with margins recovering significantly compared with the March 2026 quarter.
Segment Mix
SKF India’s business continued to have a significant contribution from the original equipment (OE) segment.
In Q1 FY2026-27, the presentation shows the sales mix at approximately:
- OE: 62%
- VA: 20%
- Exports: 8%
- SKF Industrial: 10%
The company said the revenue figures presented for the segment mix do not include other operating income.
Favourable Automotive Environment
SKF highlighted favourable macroeconomic indicators during the quarter.
The presentation noted that favourable macroeconomic conditions supported higher automotive production year-on-year. It tracked industrial production, automotive production and manufacturing PMI as key indicators.
The automotive environment is particularly relevant for SKF India because the company supplies bearing and related solutions across automotive and mobility applications.
New Business Win in Passenger Vehicles
One of the important success stories highlighted in the investor presentation was a new passenger vehicle wheel-end business secured from a large passenger vehicle manufacturer.
The customer was looking for a technologically and commercially competitive wheel-bearing solution while increasing local content, reducing foreign-exchange exposure and mitigating supply-chain risks.
SKF won the business through customer engagement and value-based selling, with production supported by its India manufacturing footprint.
The company highlighted this as its first wheel-bearing business win with the customer, creating a foundation for potential future platform opportunities.
SKF also said its more than 95% localisation enabled the customer to pursue benefits under the PLI and Make in India/Atmanirbhar Bharat initiatives.
Recognition From OEM Customers
SKF India also received recognition from its OEM partners.
The presentation highlighted a Best Delivery Award from Suzuki Motorcycle India, recognising successful customer onboarding, fast legal sign-off, S-Portal go-live, timely PPAP and sample approvals, and delivery performance of more than 98% since SOP.
SKF also received special recognition from Divgi TorqTransfer Systems as a technical supplier partner. The recognition covered the company’s partnership performance across the value chain and its contribution to improving efficiency in newly launched EV reducers.
Sustainability Progress
Sustainability remained another key theme in the presentation.
SKF India’s Bangalore, Haridwar and Pune automotive plants have achieved more than 98% renewable energy sourcing, according to the company.
SKF said it is committed to achieving Net Zero in its operations by 2030 and across its value chain by 2050.
The company also highlighted progress in water stewardship. Its Bangalore site achieved water positivity of 2 times, while the Haridwar site achieved 2.57 times water positivity.
SKF Strengthens EV and Mobility Positioning
SKF’s participation in the Maruti Suzuki India Tech Day was another important development highlighted in the presentation.
The company reported more than 400 stakeholder engagements across engineering, platform and EV teams. SKF showcased solutions for both internal-combustion-engine and electric-vehicle applications.
The company said there was strong interest in its Low Friction Hub Bearing Unit and E-drive Conductive Brush Ring.
The engagement also opened opportunities aligned with Maruti Suzuki India’s future vehicle and electrification roadmap, reinforcing SKF’s focus on efficient and sustainable mobility solutions.
CSR Initiative: Special Olympics Bharat
SKF India also highlighted its CSR initiative associated with the “Meet the World” football tournament, conducted in partnership with Special Olympics Bharat.
Around 200 athletes from 20 states participated in the qualifying tournament held in Gwalior from April 6 to April 10, 2026.
The selected contingent later received a send-off ceremony at the Embassy of Sweden in New Delhi. The Special Olympics Bharat team subsequently won a bronze medal, defeating Finland in the finals after playing six matches.
Investor Takeaway
SKF India’s Q1 FY2026-27 investor presentation points to a quarter of strong revenue growth and significant profitability improvement.
The company’s revenue from operations increased 27.1% year-on-year, while EBITDA rose 27.6% and PBT increased 32.8%. Profitability also improved sharply compared with the previous quarter.
Beyond financial performance, SKF is expanding its position in passenger vehicles, EV applications and industrial mobility, while increasing localisation and maintaining a focus on sustainability.
The new wheel-end business win, OEM recognition and opportunities emerging from the Maruti Suzuki Tech Day provide additional developments to watch in the coming quarters.
Overall, the Q1 presentation indicates that SKF India is combining revenue growth, margin recovery, new business development, localisation, EV technology and sustainability initiatives as it works to strengthen its position in India’s evolving mobility and industrial markets.
Disclaimer
This article is based solely on SKF India Limited’s Q1 FY2026-27 investor/earnings presentation dated August 17, 2026. The presentation itself cautions that certain statements are forward-looking and subject to risks and uncertainties. *