SKF India Limited — Fourth Quarter and Year ended March 31, 2026 (Reporting date: 13th May 2026)
Two official stamps/signatures at the bottom:
– Left: “DELOITTE HASKINS & SELLS LLP CHARTERED ACCOUNTANTS”
– Right: “SKF India Limited”
| Particulars | Standalone As at March 31, 2026 (Audited) (Refer Note 7) | As at March 31, 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| Non-current Assets | ||
| Property, plant and equipment | 4,367.6 | 5,205.4 |
| Right-of-use assets | 21.8 | 51.2 |
| Capital Work-in-progress | 284.1 | 556.4 |
| Investment properties | – | 241.1 |
| Intangible assets | 11.8 | 10.3 |
| Financial assets | ||
| Investments | 90.1 | 90.2 |
| Loans | – | 1,576.0 |
| Other Financial assets | 73.7 | 338.7 |
| Deferred tax assets (net) | 198.8 | 391.2 |
| Non-Current Tax Asset (net) | 694.3 | 416.9 |
| Other non-current assets | 446.6 | 1,074.8 |
| Total non-current assets | 6,188.8 | 9,952.2 |
| Current Assets | ||
| Inventories | 3,234.4 | 8,733.3 |
| Financial Assets | ||
| Trade receivables | 7,167.7 | 8,485.8 |
| Cash and cash equivalents | 2,922.9 | 7,107.6 |
| Bank balance other than above | 76.1 | 80.6 |
| Loans | – | 33.3 |
| Other Financial assets | 110.7 | 38.6 |
| Other Current Assets | 1,090.1 | 1,206.0 |
| Total current assets | 14,601.9 | 25,685.2 |
| TOTAL ASSETS | 20,790.7 | 35,637.4 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity Share Capital | 494.4 | 494.4 |
| Other Equity | 12,800.3 | 25,485.1 |
| Total Equity | 13,294.7 | 25,979.5 |
| LIABILITIES | ||
| Non-current liabilities | ||
| Financial Liabilities | ||
| Lease Liabilities | 24.3 | 5.8 |
| Provisions | 75.9 | 84.2 |
| Employee benefit obligation | 311.8 | 465.2 |
| Total non-current liabilities | 412.0 | 555.2 |
| Current Liabilities | ||
| Financial Liabilities | ||
| Lease Liabilities | 4.8 | 63.4 |
| Trade Payables | ||
| Outstanding dues of micro and small enterprises | 187.6 | 505.5 |
| Outstanding dues other than micro and small enterprises | 5,293.2 | 6,124.2 |
| Other current financial liabilities | 619.0 | 1,748.4 |
| Provisions | 341.0 | 270.9 |
| Employee benefit obligations | 73.0 | 158.7 |
| Current tax liabilities | 178.2 | – |
| Other current liabilities | 387.2 | 231.6 |
| Total current liabilities | 7,084.0 | 9,102.7 |
| Total Liabilities | 7,496.0 | 9,657.9 |
| TOTAL EQUITY AND LIABILITIES | 20,790.7 | 35,637.4 |
| Particulars | Quarter ended March 31, 2026 (Unaudited) (Refer note 9) | Quarter ended December 31, 2025 (Unaudited) | Quarter ended March 31, 2025 (Unaudited) (Refer note 9) | Year ended March 31, 2026 (Audited) (Refer note 7) | Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| CONTINUING OPERATIONS | |||||
| 1. Revenue from Operations | 5,945.4 | 5,766.4 | 4,926.5 | 21,295.9 | 18,453.4 |
| Other Income | 367.6 | 304.3 | 7.3 | 770.5 | 306.5 |
| Total Income | 6,313.0 | 6,070.7 | 4,933.8 | 22,066.4 | 18,759.9 |
| 2. Expenses | |||||
| (a) Cost of materials consumed | 2,293.8 | 2,084.2 | 2,220.9 | 8,527.2 | 8,493.4 |
| (b) Purchases of stock-in-trade | 923.3 | 1,133.4 | 97.4 | 2,599.3 | 596.2 |
| (c) Changes in inventories of finished goods, work-in-progress and stock-in-trade | 80.2 | (66.1) | (248.3) | 316.2 | (729.6) |
| (d) Employee benefits expense | 492.2 | 348.7 | 550.3 | 1,734.0 | 1,865.4 |
| (e) Depreciation and amortisation expense | 160.6 | 162.9 | 125.6 | 630.2 | 527.2 |
| (f) Finance cost | – | 1.0 | – | 1.7 | – |
| (g) Other expenses | 1,829.1 | 1,442.2 | 1,080.5 | 5,536.8 | 4,455.8 |
| Total Expenses | 5,779.2 | 5,106.3 | 3,826.4 | 19,445.4 | 15,208.4 |
| 3. Profit before exceptional items and tax | 533.8 | 964.4 | 1,107.4 | 2,621.0 | 3,551.5 |
| 4. Exceptional items (Refer note 4) | 72.8 | 101.0 | – | 271.0 | – |
| 5. Profit/(Loss) before tax (3 – 4) | 461.0 | 863.4 | 1,107.4 | 2,350.0 | 3,551.5 |
| 6. Income tax expense: | |||||
| Current tax (including tax relating to earlier years) (Refer note 4(ii)) | 622.7 | 282.5 | 266.6 | 1,209.2 | 944.1 |
| Deferred tax charge / (credit) | 40.6 | (39.0) | 27.0 | (31.4) | (25.8) |
| Total tax expense | 663.3 | 243.5 | 293.6 | 1,177.8 | 918.3 |
| 7. Profit/(Loss) for the period/year from Continuing Operations (5 – 6) | (202.3) | 619.9 | 813.8 | 1,172.2 | 2,633.2 |
| 8. Profit/(Loss) before exceptional items and tax from discontinued operations | – | – | 1,645.1 | 2,144.6 | 4,079.6 |
| Exceptional items of discontinued operations | – | – | 160.2 | – | – |
| Profit before tax from discontinued operations | – | – | 1,645.1 | 1,984.4 | 4,079.6 |
| Tax expense for discontinued operation | – | – | 430.9 | 496.5 | 1,054.7 |
| Profit for the period/year from Discontinued Operations (net of tax) (Refer note 8) | – | – | 1,214.2 | 1,487.9 | 3,024.9 |
| 9. Profit/(Loss) of the period/year (7+8) | (202.3) | 619.9 | 2,028.0 | 2,660.1 | 5,658.1 |
| 10. Other Comprehensive Income, net of income tax – Continued Operations: | |||||
| Items that will not be reclassified to profit and loss | |||||
| Remeasurement of net defined benefits obligations | (40.6) | (11.3) | (157.5) | (39.7) | (116.0) |
| Income tax (charge)/credit relating to these items | 10.4 | 2.8 | 42.1 | 10.1 | 29.2 |
| Total Other Comprehensive (Loss) / Income for the period/year (net of tax) from Continuing Operations | (30.2) | (8.5) | (125.4) | (29.6) | (86.8) |
| Discontinued Operations: | |||||
| Items that will not be reclassified to profit and loss | |||||
| Remeasurement of net defined benefits obligation | – | – | 32.4 | 21.8 | 8.9 |
| Income tax (charge) / credit relating to these items | – | – | (8.1) | (5.5) | (2.2) |
| Total Other Comprehensive (Loss) /Income for the period/year (net of tax) from Discontinued Operations | – | – | 24.30 | 16.3 | 6.7 |
| Total Other Comprehensive (Loss) /Income for the period/year (net of tax) | (30.2) | (8.5) | (101.1) | (13.3) | (80.1) |
| 11. Total Comprehensive (Loss)/Income for the period/year (9 + 10) | (232.5) | 611.4 | 1,926.9 | 2,646.8 | 5,578.0 |
| 12. Paid-up Equity Share Capital (face value INR 10/-) | 494.4 | 494.4 | 494.4 | 494.4 | 494.4 |
| 13. Reserves excluding Revaluation Reserve | – | – | – | 12,800.3 | 25,485.1 |
| 14. Earnings Per Share (of INR 10/- each) | |||||
| For Continuing Operations (a) Basic (not to be annualised) | (4.1) | 12.5 | 16.5 | 23.7 | 53.3 |
| For Continuing Operations (b) Diluted (not to be annualised) | (4.1) | 12.5 | 16.5 | 23.7 | 53.3 |
| For Discontinued Operations (a) Basic (not to be annualised) | – | – | 24.5 | 30.1 | 61.1 |
| For Discontinued Operations (b) Diluted (not to be annualised) | – | – | 24.5 | 30.1 | 61.1 |
| For Continuing and Discontinued Operations (a) Basic (not to be annualised) | (4.1) | 12.5 | 41.0 | 53.8 | 114.4 |
| For Continuing and Discontinued Operations (b) Diluted (not to be annualised) | (4.1) | 12.5 | 41.0 | 53.8 | 114.4 |
| Particulars | Year Ended March 31, 2026 (Audited) | Year Ended March 31, 2025 (Audited) |
|---|---|---|
| A. CASH FLOW FROM OPERATING ACTIVITIES | ||
| Profit from continuing operations before tax | 2,621.0 | 3,551.6 |
| Profit from discontinued operations before tax | 2,144.6 | 4,079.4 |
| Adjusted for : | ||
| Exceptional Items | (431.2) | – |
| Depreciation and amortisation expenses | 779.8 | 830.8 |
| Provision for bad and doubtful debts | 52.1 | 49.8 |
| Provision for other receivables | – | (6.1) |
| Profit on sale of Property Plant & Equipment (net) | 2.2 | (0.4) |
| Finance costs | 3.5 | 7.0 |
| Interest income – Fixed deposits with banks | (339.4) | (589.4) |
| Interest income – On loan given to related party | (63.2) | (139.3) |
| Interest income (net) | 3.8 | 152.4 |
| Operating Profit before working capital changes | 4,769.4 | 7,783.4 |
| Adjusted for : | ||
| (Increase) / Decrease in inventories | 192.3 | (1,894.5) |
| (Increase) / Decrease in trade receivables | (4,997.5) | (1,022.4) |
| (Increase) / Decrease in current & non-current assets | (474.8) | (409.5) |
| (Decrease) / Increase in trade payables | 4,671.5 | (500.9) |
| Increase in other liabilities and provisions | 574.9 | 421.5 |
| Cash flows generated from operating activities before tax | (33.6) | (3,405.8) |
| Cash flows generated from operating activities before tax (as presented) | 4,735.8 | 4,377.6 |
| Income taxes paid (net of refunds) | (1,109.5) | (2,346.7) |
| Net cash flows generated from Operating Activities (A) | 3,626.3 | 2,030.9 |
| B. CASH FLOW FROM INVESTING ACTIVITIES | ||
| Investment in subsidiary company | – | (0.1) |
| Payments for Property Plant & Equipment (Including Capital Work-in-progress) | (2,291.9) | (1,313.4) |
| Payments for Investment properties | – | (0.5) |
| Proceed from sale of Property Plant & Equipment | 4.0 | 6.4 |
| Interest Received | 367.6 | 603.2 |
| Interest received on loan to related party | 63.2 | 139.3 |
| Investment in deposits | 2.5 | – |
| Loan repayment/(given) to others | 33.3 | (33.3) |
| Net cash outflow from Investing Activities (B) | (1,821.3) | (598.4) |
| C. CASH FLOW FROM FINANCING ACTIVITIES | ||
| Dividend paid | (717.0) | (6,427.0) |
| Repayment of lease liability | (37.6) | (73.2) |
| Finance cost | (2.5) | – |
| Net cash outflow from financing activities (C) | (757.1) | (6,500.2) |
| Net changes in Cash and Cash Equivalents (A+B+C) | 1,047.9 | (5,067.7) |
| Cash and cash equivalents at beginning of the year | 7,107.6 | 12,174.6 |
| Transfer under the scheme of arrangement (Refer Note 7, 8 & 8A) | (5,232.8) | – |
| Effects of exchange rate changes on cash and cash equivalents | 0.2 | 0.7 |
| Cash and Cash Equivalents at the end of the year | 2,922.9 | 7,107.6 |
| Particulars | As at March 31, 2026 (Audited) (Refer Note 7) | As at March 31, 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| Non-current Assets | ||
| Property, plant and equipment | 4,367.6 | 5,205.4 |
| Right-of-use assets | 21.8 | 51.2 |
| Capital Work-in-progress | 284.1 | 556.4 |
| Investment properties | – | 241.1 |
| Intangible assets | 11.8 | 10.3 |
| Financial assets | ||
| Investments | 89.7 | 91.0 |
| Loans | – | 1,576.0 |
| Other Financial assets | 73.7 | 338.7 |
| Deferred tax assets (net) | 198.8 | 391.2 |
| Non-Current Tax Assets (net) | 694.3 | 416.9 |
| Other non-current assets | 446.6 | 1,074.8 |
| Total non-current assets | 6,188.4 | 9,953.1 |
| Current Assets | ||
| Inventories | 3,234.4 | 8,733. |