Date: 14th August 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

Not Specified

Financial Results (Standalone & Consolidated)

FY 2025-26 Performance Highlights:

  • Revenue from Operations: ₹21,295 million
  • Profit After Tax from Continuing Operations: ₹1,172 million
  • EBITDA Margin: 15%
  • Book Value per Share: ₹269
  • Earnings Per Share: ₹23.7

Disinvestment / Strategic Actions

Demerger Details:

  • Effective 1st October 2025, SKF India Limited demerged its 'Industrial' business
  • Created two independent entities: SKF India Limited (automotive focus) and SKF India (Industrial) Limited
  • Strategic rationale: Establish purpose-built entities for specialized market focus

The Demerger Story

SKF India Limited entered a new phase of value creation through demerger, establishing two independent entities focused on automotive and industrial businesses respectively.

Company Overview

SKF India Limited is the automotive arm delivering advanced mobility solutions with over a century in India. Key statistics:

  • Operations began: 1923
  • Distribution network: 330 partners
  • Manufacturing facilities: 3
  • Offices: 3
  • Employees: 933

Brand Evolution

SKF announced the future brand name of the Automotive business: SKF Vertevo

  • Combines "vertere" (Latin for "to turn" or "to transform") and "evo" (short for "evolution")
  • Represents movement, progress, and change

Purpose and Values

Purpose: We Move People Further

Values:

  • Take ownership and deliver with accountability
  • Collaborate across boundaries to solve challenges faster
  • Learn and adapt as technologies and markets evolve
  • Stay close to customers, ensuring relevance in every solution

Engineering Solutions

Solutions Across Mobility Segments:

  • Powertrain solutions
  • Drive Control Solutions
  • Wheel-End Solutions
  • Electric Mobility Solutions
  • Aftermarket Solutions

Vehicle Categories Served:

  • Passenger Vehicles
  • Commercial Vehicles
  • Two and Three-Wheelers
  • Aftermarket

Manufacturing Excellence

Manufacturing initiatives:

  • Implementation of SKF production system
  • Manufacturing footprint optimization
  • Customer-centric lean practices
  • Smart factory with digitally connected systems and automation

Transformation areas:

  • Production
  • Maintenance
  • Supply Chain

Technological Innovation

EV Technology Development:

  • Developed high-speed deep groove ball bearing capable of ~20,000 rpm
  • Optimized cage design and internal geometry for low friction, reduced heat generation, and enhanced durability
  • Impact: Delivered quieter operation, higher energy efficiency, and improved drivetrain reliability
  • Successfully adopted by a leading EV and hybrid vehicle manufacturer
  • Future Focus: Developing next-generation cage technology capable of ~30,000 rpm for future EV platforms

Sustainability Commitments

Key Targets:

  • Complete decarbonization of all manufacturing sites by 2030
  • Achieve direct material emission reduction by 32% by 2030 from 2019 baseline
  • Achieve transportation emission reduction by 35% by 2030 from 2019 baseline

Achievements:

  • Eliminated Scope 2 GHG emissions associated with electricity consumption
  • Annual energy savings: 300+ MWh at Bengaluru site
  • Annual energy savings: 500+ MWh at Haridwar site
  • Annual energy savings: ~3,010 MWh at Pune site due to various energy saving projects
  • Bengaluru and Haridwar plants certified as water positive

Customer Recognition

Awards Received:

  • Gold Supplier – Clean Energy Champion recognition from TVS Motor Company at Supplier Sustainability Summit 2025
  • Recognition at HMSI Supplier Convention 2026 for advancing Honda's sustainability agenda

Employee Development

Training Metrics FY 2025-26:

  • Total Training Hours: 6,120
  • Average Training Hours Per Employee: 14
  • Number of Employees Trained: 239
  • Mandatory Training Completion: 84%
  • Number of Trainings: 46

Investor Relations

Investor Engagement Activities:

  • ~60 shareholders experienced operations through Pune plant visits
  • Demerger engagements included leadership interactions and facility visits
  • Continued dialogue post-demerger reinforced transparency and long-term investor confidence

CSR Initiatives

WeGyaan – STEM Education:

  • 17,000+ students benefited across 4 major regions
  • 55% female participation in rural districts
  • 23 national qualifiers in Bebras Computing Challenge
  • 80 Divyaang students supported

Udaan- Scholarship for Girls and Divyaang:

  • 78 women employed with annual average salary of ₹4.5 LPA
  • Recognized by Guinness World Records

YES – Youth Empowerment at SKF:

  • 68% retention rate among placed candidates
  • Average salary offered: ₹14,941 (23% increase YoY)

Gothia Cup – Enabling Inclusion through Sports:

  • Winners for 2 years consecutively at Special Olympics
  • Diplomatic recognition by Ambassadors of India and Sweden
  • Strategic collaborations with All India Football Federation and Haryana Football Association

Key Takeaways

  • Successful demerger completed
  • Established as pure play automotive company
  • Expanding capacity across Pune, Haridwar and Bengaluru sites
  • Strengthening leadership in vehicle electrification through high-speed EV bearings and advanced wheel-end technologies
  • Fostering sustainable growth through customer-centric innovation, responsible operations and transparent investor engagement