Results - Announcements
SKF India Ltd share price inched up 1.21% to Rs 1472.2 after the company's net profit dropped 16.33% to Rs 51.81 crore, while revenue from operations slightly gained 1.36% to Rs 595.81 crore in Q3FY26 over Q2FY26.
The market capitalization of Abrasives & Bearings industry group stocks on BSE stood at Rs 91809.56 crore, gaining 4.20%. It has improved by 3.85% over last one week and eased lower by 6.06% in last one month while the market capitalization of SKF India Ltd has marginally improved by 3.46% and 3.09% in the same period respectively.
Profit before tax (PBT) of SKF India Ltd stood at Rs 69.91 crore in Q3 FY26, tanking 50.28% year-on-year, and plunging by 16.63% quarter-on-quarter. EBITDA came in at Rs 28 crore, tumbling by 80.05% YoY and nosediving by 62.58% sequentially.
Total expenses saw a slight increase of 7.50% to Rs 555.05 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 237.26 crore, posting a minor increase of 7.70% YoY, while employee benefits expense was at Rs 47.24 crore, dipping slightly 6.18% YoY.
For the TTM ended FY26, revenue from operations slumped by 23.51% to Rs 3763.39 crore, while net profit witnessed a sharp fall of 53.01% to Rs 265.94 crore, compared to previous TTM. EBITDA jumped by 63781% to Rs 342.64 crore, and PBT plunged by 43.22% to Rs 433.38 crore compared to previous TTM.
The company's consolidated net cash flow from operating activities stood at Rs 362.84 crore in FY26, as against Rs 203.07 crore in FY25.
SKF India Ltd crashed 30.81% in last one year, underperforming the benchmark BSE Sensex which has eased by 8.41% during the same period.