SKF India announced a 20.1% year-on-year revenue growth for the second quarter ended September 30, 2026, reaching INR 5958 Million. EBITDA also saw a substantial increase of 34.5% to INR 865 Million, with Profit Before Tax growing 77.2% to INR 698 Million. This performance was driven by strong demand in key automotive segments. The company also launched its new brand identity, SKF Vertevo, for its automotive business.
SKF India Announces Strong Q2 FY27 Financial Results
SKF India Limited has reported robust financial results for the second quarter (Q2) of the fiscal year 2026-27, ending on September 30, 2026. The company posted a significant 20.1% year-on-year growth in revenue from operations, reaching INR 5958 Million compared to INR 4959 Million in the corresponding quarter of the previous year. This impressive revenue increase highlights the sustained momentum in the Indian automotive sector, with demand being broad-based across various key segments including two-wheelers, three-wheelers, and passenger vehicles, alongside contributions from exports.
Profitability and Margins Improve
The strong revenue performance translated into substantial improvements in profitability. EBITDA for the quarter surged by 34.5% to INR 865 Million from INR 643 Million in Q2 FY26. Consequently, the EBITDA margin improved by 155 basis points to 14.5%. Profit Before Tax (PBT) demonstrated even more substantial growth, increasing by 77.2% to INR 698 Million, up from INR 394 Million in the prior year. The PBT margin expanded significantly by 377 basis points to 11.7%.
Half-Yearly Performance Highlights
The first half of FY27 also showcased strong growth for SKF India. Revenue from operations for the half-year period (H1 FY27) grew by 23.5% to INR 11,836 Million. EBITDA for H1 FY27 increased by 30.7% to INR 1,869 Million, and Profit Before Tax rose by 49.8% to INR 1,536 Million. The company also saw an improvement in its EBITDA margin, which stood at 15.8% for H1 FY27, and PBT margin at 13.0%.
Launch of SKF Vertevo Brand
Coinciding with these strong financial results, SKF India has officially launched its new brand identity, SKF Vertevo, for its automotive business. This announcement marks a significant milestone for the company, underscoring its evolution into a focused, stand-alone automotive business. The SKF Vertevo brand is inspired by the world of racing, aiming to connect with SKF’s long heritage in automotive innovation while signalling its ambition to accelerate the future of mobility. This strategic move is expected to strengthen customer partnerships and drive sustainable growth.
Management Commentary
Shailesh Kumar Sharma, Managing Director of SKF India Limited, commented, “We delivered strong revenue growth of 20.1% year-on-year in Q2, reflecting healthy demand across key automotive segments and the strength of our customer-focused strategy. The launch of SKF Vertevo marks an important new chapter for our business, building on our strong engineering heritage while sharpening our focus on the future of mobility. As a focused automotive business, we will continue to strengthen customer partnerships, accelerate innovation and drive sustainable growth.”
Mayank Holani, Chief Financial Officer of SKF India Limited, added, “We continue to maintain a disciplined approach to financial performance. Our priorities remain clear: improving operational efficiency, managing costs effectively and maintaining a strong financial foundation to support profitable growth.”
Source: BSE
