Q1 2027 SKF India Ltd Earnings Call Transcript
Key Points
- Strong year-on-year revenue growth of 27% to INR5.9 billion, driven by 22% higher volumes.
- EBITDA improved by 540 basis points quarter-on-quarter, returning to normalized levels after one-off demerger impacts.
- Won a significant wheel-end business from a large passenger vehicle manufacturer, marking the first engagement with this customer and supporting localization.
- All three plants achieved over 98% renewable energy sourcing and received decarbonized plant certificates, with Bangalore and Haridwar sites achieving water positivity.
- Received prestigious customer awards from Suzuki Motorcycle and Degree Torque Transfer Solution, reflecting strong delivery and technical partnership.
- Gross margin declined 1% year-on-year due to commodity inflation and inventory revaluation impacts.
- Vehicle aftermarket business saw a plateau or slight decline in revenue, with discounts offered in the last two months.
- Passenger and commercial vehicle production declined marginally during the quarter, impacting OEM demand.
- Exports remain a small part of the business (8% of sales) and are not a strategic focus, limiting growth potential in this area.
- New capacity additions, including the Haridwar plant, will only start ramping up in Q4 FY27, with revenue impact expected only next financial year.
Ladies and gentlemen, good day, and welcome to SKF India Limited Q1 and FY27 earnings conference call. (Operator Instructions)
I now hand the conference over to Ms. Cilvina Pereira, Head Marketing and Communications at SKF. Thank you, and over to you, ma'am.
Good afternoon, everyone. Thank you for joining us today for SKF India Limited investor call for quarter one FY2026-'27. With us, we have Mr. Shailesh Sharma, our Managing Director; our CFO, Mr. Mayank Holani; our Head, Strategy, Business and Business Development, Mr. Girish Kumar; and our Company Secretary and Compliance Officer, Ms. Mayuri Kulkarni.
The purpose of today's call is to share our Q1 results, talk about our performance during the quarter and answer your questions, if any. Please note that the financial information for corresponding period of previous year as reported in the presentation shared has been extracted from the financial statements erstwhile combined entity and may involve some assumptions by
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