SKF India has released its financial results for the second quarter and first half of fiscal year 2026-27. The company reported strong growth despite global headwinds, with sales increasing by 16% YoY in Q2FY27 and 19% YoY for H1FY27. The presentation also detailed a new brand launch, SKF Vertevo, aimed at accelerating future mobility, alongside a successful ‘Driveline Business Win’ with a leading passenger vehicle OEM.
SKF India Presents Q2 and H1 FY27 Financial Highlights
SKF India has announced its financial performance for the second quarter (Q2FY27) and the first half (H1FY27) of the fiscal year, revealing robust growth amidst prevailing global economic challenges. The company’s investor presentation, held on November 5, 2026, detailed key financial metrics and strategic developments.
Strong Growth in Q2 and H1 FY27
For Q2FY27, SKF India reported sales of 5.6 billion INR, marking a significant 16% Year-on-Year (YoY) increase and a 2% Quarter-on-Quarter (QoQ) growth. EBITDA stood at 14.5%, with a YoY increase of 155 basis points. Profit Before Tax (PBT) reached 11.7%, up 181 basis points YoY. Net Working Capital as a percentage of sales was 18.8%.
The first half of the fiscal year, H1FY27, saw sales climb to 11.2 billion INR, a substantial 19% YoY growth. EBITDA for H1FY27 was 15.8%, up 87 basis points YoY, and PBT* was reported at 13.0%, an increase of 126 basis points YoY. Net Working Capital as a percentage of sales was 18.7%.
Macroeconomic Indicators and Sales Mix
The presentation highlighted favourable macroeconomic indicators, with GDP expected to grow by 7.35% and inflation by 4.9%. Industrial production and manufacturing PMI also showed positive trends. SKF India’s sales mix for Q2FY27 comprised 66% OE (Original Equipment), 19% VA (Value-Added), 10% Exports, and 5% SKF Industrial. For H1FY27, the mix was 63% OE, 20% VA, 9% Exports, and 7% SKF Industrial.
Profitability and Business Wins
Profitability metrics showed positive movement, with EBITDA margins for Q2FY27 at 14.5% and PBT at 11.7%. For H1FY27, EBITDA was 15.8% and PBT was 13.0%. The company also showcased a significant ‘Driveline Business Win’ with a leading passenger vehicle OEM for their Hybrid Transmission (HT) application, securing substantial share in various bearing components.
Brand Launch: SKF Vertevo
A key announcement was the official launch of the SKF Vertevo brand on November 3, 2026. This new brand signifies SKF India’s acceleration into its next chapter, featuring a new brand identity and digital presence. Inspired by racing and decades of automotive innovation, SKF Vertevo aims to connect with the company’s heritage while signalling its ambition to accelerate the future of mobility.
Source: BSE
