SKF India (500472) Q2 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for Q2 and H1 ended September 30, 2024, were approved and reviewed with an unmodified opinion from auditors.

• The company operates as a single business segment, manufacturing bearings and related components.

Financial highlights

• Consolidated revenue from operations for Q2 FY25 was ₹12,442.3 million, up from ₹11,252.1 million in Q2 FY24.

• Consolidated net profit for Q2 FY25 stood at ₹941.9 million, compared to ₹899.7 million in Q2 FY24.

• For H1 FY25, consolidated revenue was ₹24,504.5 million and net profit was ₹2,531.2 million, both higher year-over-year.

• Standalone results mirrored consolidated performance, with H1 FY25 net profit at ₹2,533.8 million.

Outlook and guidance

• The Board has in principle approved a scheme to segregate Automotive and Industrial businesses, with the Industrial business to be carried through a new wholly owned subsidiary, pending regulatory approvals.