SKF India Reports 8% Revenue Growth, 4% PBT Increase for FY 2024-25

SKF India Limited has announced its financial results for the fourth quarter and financial year ended March 31, 2025, reporting consolidated revenue growth of 8% year-on-year to INR 49,199 million, compared to INR 45,701 million in the previous fiscal year. The company's Profit Before Tax (PBT) increased by 4% to INR 7,632 million from INR 7,358 million during the same period.

For the fourth quarter of FY2024-25, the company recorded consolidated revenue of INR 12,134 million, reflecting a modest 1% growth compared to the same quarter in the previous year. However, the quarterly PBT showed a more substantial increase of 20%, reaching INR 2,757 million against INR 2,296 million in Q4 FY2023-24.

Mukund Vasudevan, Managing Director of SKF India Limited, attributed the performance to "focused execution and ability to adapt in a constantly evolving business environment." He noted that strong demand and solid performance across sectors underpinned the growth, along with efforts in deepening customer engagement, expanding local manufacturing capabilities, and accelerating digitalization across operations.

The company also provided an update on its demerger plans, which were initiated in Q4 2024. The Board of Directors approved the demerger of its Industrial business through a Scheme of arrangement on December 26, 2024. SKF India has received in-principle approval from both BSE Limited and National Stock Exchange of India Limited, and has filed an application with the National Company Law Tribunal for final approval. The process is expected to take 12-15 months, subject to necessary regulatory approvals.

The demerger aims to create two independent companies to accelerate growth and profitability for each business segment. According to the company, these separate entities will pursue independent strategies, increase customer value and competitiveness, and improve efficiency and transformation speed.

SKF India, headquartered in Pune, is a subsidiary of Sweden-based SKF Group, a global leader in bearings, seals, and lubrication systems. The parent company operates in approximately 130 countries, with around 17,000 distributor locations worldwide. SKF focuses on providing solutions that help industries improve equipment performance while reducing environmental impact through products that are lighter, more efficient, longer lasting, and repairable.