Q4 2026 SKF India Ltd Earnings Call Transcript
Key Points
- SKF India Ltd (BOM:500472) reported a 3% quarter-on-quarter sales growth, reaching INR5.6 billion.
- The company's full-year performance showed a solid 12.8% growth, amounting to INR20.3 billion.
- Automotive production trends are positive, with growth in passenger vehicles, commercial vehicles, and two- and three-wheelers.
- The company has strategic priorities focused on energy-efficient and emission-compliant vehicles, which align with market trends.
- SKF India Ltd received prestigious awards for sustainability initiatives from major clients like TVS Motors and Honda Motorcycles.
- Profit before tax dropped by 770 basis points due to one-off gains in the previous quarter, including ForEx transactions and fixed deposit income.
- Net working capital increased by 4.6% due to one-off factors, which may affect short-term liquidity.
- Profitability for the quarter dropped to about 9%, impacted by one-off factors, and is expected to normalize in the future.
- There is a lack of transparency and clarity in investor communication post-demerger, leading to concerns among investors.
- The company's margins are under pressure due to increased raw material costs and a lag in pass-through to customers.
Ladies and gentlemen, good day, and welcome to SKF India Limited Q4 and FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Cilvina Pereira. Thank you, and over to you, ma'am.
Good morning, everyone. Thank you for joining us today. With us, we have SKF India Managing Director, Mr. Shailesh Sharma; our CFO, Mr. Mayank Holani; our Strategy and Business Development Head, Mr. Girish Kumar; former Interim CFO, Ms. Aashi Arora; and Company Secretary, Ms. Mayuri Kulkarni. The purpose of today's call is to share our quarter 4 results and our overall financial year's performance.
Please note that financial information of previous years as reported in the presentation shared has been extracted from consolidated financial statements of erstwhile combined entity and may involve some assumptions by the management pertaining to the demerged industrial undertaking. These are prepared in accordance with
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