SKF India (Industrial) (SKFINDUS) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 revenue from operations was INR 10,428.6 million, up 28.3% YoY; PBT after exceptional items rose 32.6% to INR 1,343.7 million.

• H1 FY27 revenue was INR 20,136.3 million, with an 11.0% PBT margin and 19.5% cash conversion; profit for the period was INR 1,654.0 million.

• Statutory auditors issued an unmodified limited-review conclusion on Q2 and H1 results.

Financial highlights

• Q2 revenue from operations was INR 10,428.6 million vs INR 8,130.6 million YoY; total income was INR 10,879.4 million vs INR 8,304.0 million.

• Q2 PBT after exceptional items was INR 1,343.7 million, up 32.6% YoY; PBT margin was 12.9%, up 42 bps.

• Q2 profit for the period was INR 1,034.8 million vs INR 769.3 million; basic and diluted EPS were INR 20.8 each vs INR 15.6 each YoY.

• H1 PBT before exceptional items and tax was INR 2,212.9 million vs INR 2,304.9 million; exceptional items were nil vs INR 160.2 million in H1 FY26.

Outlook and guidance

• Planned investment of INR 800–950 crore through 2030 for manufacturing expansion and capability building; Pune setup is underway.

• Growth opportunities center on wind, heavy industries, aftermarket and exports, with localisation, innovation, digitalisation and operational excellence as priorities.