SKF India Limited has announced a final dividend of ₹14.5 per equity share for the financial year ending March 31, 2025. The total payout amounts to approximately ₹716.9 million. Distribution will take place within 30 days following shareholder approval at the upcoming Annual General Meeting.
During its board meeting on May 15, 2025, the company approved the unaudited financial results for the fourth quarter and the audited financial results for the full fiscal year. For FY 2024-25, SKF India reported a consolidated net profit of ₹5,659.1 million, an increase from ₹5,518.0 million recorded in the previous financial year.
SKF India Limited delivered a stable performance for the fiscal year, supported by strong sectoral demand and operational resilience. Commenting on the company’s results, Mukund Vasudevan, Managing Director, stated: “This quarter’s results reflect consistent execution and adaptability amid changing market conditions. For the financial year, we achieved an 8% year-on-year growth in revenue and a 4% increase in profit before tax. This performance underscores our disciplined approach and strategic responsiveness. Growth was driven by robust demand across segments, supported by deeper customer engagement, expansion in local manufacturing, and continued progress in digital transformation. In parallel, we are enhancing our sustainability efforts in alignment with global benchmarks and stakeholder expectations. These combined initiatives, underpinned by a focus on operational excellence and innovation, strengthen our ability to deliver long-term value and reinforce SKF India’s readiness for the future.”
To drive focused growth and operational efficiency, SKF India has initiated a demerger process to establish two independent, purpose-driven entities. This strategic move aims to enable each business to pursue tailored growth strategies, enhance customer value, improve competitiveness, and accelerate transformation. The process began in Q4 FY24. On December 26, 2024, the Board of Directors approved the demerger of the Industrial business through a Scheme of Arrangement. The company has since received in-principle approvals from BSE Limited and the National Stock Exchange of India Limited, and has filed the Scheme with the Hon’ble National Company Law Tribunal for further approval. The demerger process is expected to conclude within 12–15 months, subject to regulatory clearances.
The 64th Annual General Meeting will be held on August 6, 2025, through video conferencing in accordance with provisions under the Companies Act and SEBI regulations. The record date for determining dividend eligibility is set for July 4, 2025.
The board also confirmed several auditor appointments. M/s Joshi Apte and Associates will serve as Cost Auditors for FY 2025-26. M/s J B Bhave& Co has been appointed as Secretarial Auditors for a five-year term. M/s Samdani & Co will handle Tax and GST audits for FY 2024-25.
SKF is a global leader in providing advanced solutions that enhance industrial performance and sustainability. The company supports industries in improving the efficiency, reliability, and environmental impact of rotating equipment through a comprehensive portfolio that includes bearings, seals, lubrication systems, condition monitoring, and services. Established in 1907, SKF operates in around 130 countries with approximately 17,000 distributor locations worldwide. In 2023, SKF recorded annual sales of SEK 103,881 million and employed over 40,000 people globally.
