SKF India reports 6% sales growth but margins plunge

SKF India Limited's net sales grew 6% year-over-year to MINR 12,584 in first quarter fiscal 2026, driven by 13% growth in the industrial sector.

However, profit before tax declined 530 basis points to 12.7%, hit by one-time demerger expenses, adverse forex impacts and lower finance income.

The company's demerger plan progresses, aiming to split into separate automotive and industrial entities, with court approval expected in Q3 2025 and listing in Q4 2025.