SKF India
SKF India Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
2 of 3 strong
The short version
FY27 revenue growth guidance has improved from earlier 12% to around 20%, driven by strong Q1 performance (27% YoY growth). SKF India expects revenue growth of around 20% for FY27, higher than the earlier 12% guidance.
From SKF India's Q1 FY27 earnings-call transcript · updated 23 Sept 2026.
Revenue & Sales Performance
- FY27 revenue growth guidance has improved from earlier 12% to around 20%, driven by strong Q1 performance (27% YoY growth). (Page 7)
- Volume growth in Q1 was +22% YoY but -6.3% QoQ; price/mix positively impacted sales by 5.6%. (Page 4)
- Capacity expansion planned with INR 170-180 crores capex in FY27, mostly coming online in Q4, expected to support growth in FY28. (Pages 9, 7)
- New capacity primarily aimed at automotive segment growth and reducing dependency on industrial trading. (Page 7)
2 more points management made on revenue & sales performance
Profitability & Margins
See what SKF India said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- SKF India Limited plans a total capex of INR 500 crores by FY28, primarily focused on capacity expansion and growth. (Page 11)
- The bulk of the INR 500 crores capex will be completed by FY28, with some potential spillover into FY29. (Page 11)
- For FY27, expected capex is approximately INR 170-180 crores, with some capacity expansion at the Haridwar factory starting Q4 FY27. (Pages 9, 7)
- The capex focuses on backward integration to reduce dependency on trading volumes from SKF Industrial and also supports growth, especially in automotive segments including EV bearings and traction motors for 2-wheelers. (Pages 7, 9)
2 more points management made on capital expenditure plans
Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what SKF India said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- SKF India Limited has secured a significant new wheel-end business from a large passenger vehicle manufacturer, starting from Q4 calendar year 2028.
- This new nomination establishes a strong foundation for long-term engagement and localization of bearings with the customer.
- The EV-related orders are in the development and ramp-up phases, with full production expected to commence by mid-2027 for various segments and more visibility in 2028.
- The company is investing INR 500 crores in capex (largely to be completed by FY28), primarily to expand capacity for EV bearings and reduce dependency on traded parts.
2 more points management made on order book & pipeline
SKF India — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹595 Cr, net loss ₹20 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What SKF India's management said in earlier quarters
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Frequently Asked Questions
What were SKF India Q1 FY27 results?
FY27 revenue growth guidance has improved from earlier 12% to around 20%, driven by strong Q1 performance (27% YoY growth). SKF India expects revenue growth of around 20% for FY27, higher than the earlier 12% guidance.
What is SKF India share price analysis?
SKF India currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 51.7 with a market cap of ₹7,676 Cr. Investors should review the full earnings analysis for detailed insights.
Is SKF India planning capital expenditure?
SKF India Limited plans a total capex of INR 500 crores by FY28, primarily focused on capacity expansion and growth.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.