SKF India reports Q2 results, demerges industrial business

SKF India Limited has released its unaudited consolidated financial results for the quarter ended September 30, 2025, reporting revenue from operations of INR 13,090.6 million. The company's net profit after tax (after exceptional and/or extraordinary items) stood at INR 1,054.9 million for the quarter. These results reflect a 2.0% quarter-on-quarter and 5.2% year-on-year revenue growth, with PBT showing a -12.0% QoQ and 10.8% YoY change.

A key development is the demerger of SKF India's industrial business, which received NCLT approval on September 26, 2025, with an effective date of October 1, 2025. This strategic move led to the classification of the industrial undertaking as "Held for Distribution" as of September 30, 2025, and subsequent restatement of financial figures. The company also announced the approval of material related-party transactions with SKF India (Industrial) Limited.

In addition, shareholders approved the appointment of Shailesh Kumar Sharma as managing director for a five-year term, effective October 1, 2025, and Mukund Vasudevan as a non-executive director. These resolutions were passed via postal ballot.