Skf India Q2 FY27: revenue down 54.5% to ₹596 Cr, net profit down 50.9% to ₹52 Cr
Results · Finvezto · 5 Nov 2026 · Skf India (SKFINDIA)
Results Q2 FY27, ₹ Cr
| Q2 FY27 | ₹ Cr | QoQ | YoY |
|---|---|---|---|
| Revenue | 596 | - | -54.5% |
| Operating profit | 57 | - | -65.4% |
| Net profit | 52 | - | -50.9% |
| Operating margin | 9.6% | - | -3.0 pp |
| Net margin | 8.7% | - | +0.6 pp |
YoY is the company's own figure. QoQ shows where our quarterly series matches the filing.
Key points
- Revenue grew 16% year-on-year and 2% quarter-on-quarter in Q2 FY27, driven primarily by volume growth with OE business contributing 66% and aftermarket 19% of sales. Earnings call
- EBITDA margin dropped quarter-on-quarter to 14.5% due to higher cost of goods sold from steel price inflation and supplier value-addition cost increases. Earnings call
- Management expects to largely recover cost inflation and return EBITDA margins above 15% in the second half of FY27 as pending customer price revisions take effect. Earnings call
What to watch
- Management on fy27 capex: So, this announcement we have done in compliance to that and overall capex during current year is going to be close to INR 200 crores.
- Management on fy28 revenue growth: But as far as the volume you would see, yes, I think 15% kind of growth or upward of 15% would be reasonable to expect in the next year that we should see.
Links
Company page · Results tracker
Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.