Shares of SKF India dropped over 3% on Thursday after the company announced its financial results for the first quarter of FY26. The stock opened lower at ₹4,620 compared to the previous close of ₹4,794.20 and extended losses to hit an intraday low of ₹4,566.10.
The decline in share price followed a poor earnings performance. For the quarter ended June 30, 2025, SKF India reported a 6.4 percent year-on-year rise in revenue, which came in at ₹1,283 crore versus ₹1,206 crore in the same period last year.
However, the company’s profitability took a hit. EBITDA fell by 13.6 percent to ₹167.3 crore from ₹194 crore, while margins slipped to 13 percent compared to 16 percent in the year-ago quarter. The pressure on operating performance dragged down the bottom line as well, with net profit falling 25.6 percent to ₹118 crore, down from ₹159 crore in Q1 FY25.
The market responded negatively to the dip in margins and profits, despite steady revenue growth. At its lowest point today, the stock traded significantly below its 52-week high of ₹5,580, though still well above its 52-week low of ₹3,541.
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