SKF India has announced its financial performance for the quarter and year ended March 31, 2026. The board has recommended a final dividend of Rs 40 per equity share, subject to shareholder approval. Additionally, the company confirmed key leadership changes, including the appointment of Mr. Mayank Holani as the new Chief Financial Officer, effective May 14, 2026, following the resignation of Ms. Aashi Arora.
Financial Highlights for FY26
For the financial year ended March 31, 2026, SKF India reported standalone revenue from operations of Rs 21,295.9 million. The company’s net profit for the year stood at Rs 2,660.1 million. During the fourth quarter (Jan-Mar 2026), the standalone revenue was Rs 5,945.4 million.
The Board of Directors has recommended a final dividend of Rs 40 per share for the financial year. This proposal is subject to approval by the members at the upcoming 65th Annual General Meeting, scheduled to be held on August 14, 2026, via video conferencing.
Strategic Leadership Updates
The company announced significant transitions within its finance leadership team. Ms. Aashi Arora has resigned from her role as Interim Chief Financial Officer, effective May 14, 2026, due to a change in her role within the organization. Succeeding her, Mr. Mayank Holani has been appointed as the new Chief Financial Officer of the company, effective May 14, 2026. Mr. Holani brings over 23 years of experience in finance and accounting.
Operational Developments
Furthermore, the board approved the appointment of Mr. Prahlada GirishKumar as a member of the Senior Management Team, serving as the Head of Strategy and Special Projects, effective May 14, 2026. The company also appointed M/s Joshi Apte and Associates as the Cost Auditors for the Financial Year 2026-27, underscoring its commitment to rigorous financial oversight.
Source: BSE
