SKF India reports mixed Q1 results amid demerger costs

SKF India reported 6% year-on-year growth in net sales for Q1 FY26, driven by 13% increase in industrial business from strong railways and wind sector performance. Automotive business declined 0.4% and exports fell 0.9%.

Profit margins dropped 530 basis points due to one-time demerger costs of INR 184 million, including IT implementation and consulting fees. The company expects demerger costs to impact margins by 1.5% to 2% for at least the next year.

Cash flow improved 13% year-on-year.