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18-Aug-2025

SKF India

Expect muted EBITDA margin performance in the near term, but aim to reach 16–19% by 2028


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SKF India hosted a conference call on Aug 7, 2025. In the conference call, the company was represented: by Mr. Mukund Vasudevan, Managing Director and Mr. Ashish Saraf, Chief Financial Officer.

Key takeaways of the call

In Q1 FY26, the automotive sector witnessed flat growth overall, with marginal growth in passenger vehicles offset by a decline in two-wheeler segment.

 In Q1 FY26, Automotive segment contributed 39% to revenue, Industrial 53%, and exports 8%. Of the total exports, approximately 5–5.5% came from the industrial segment and the remaining 2.5–3% from the automotive segment.

In Q1 FY26, EBITDA margin declined YoY due to one-time demerger expenses, adverse forex and lower finance income.

Demerger Costs Stood at Rs 18.4 crore for the quarter; additional stamp-duty and registration costs may affect margins in the next year.

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