Profit before tax for the third quarter of FY26 stood at Rs 96.44 crore, registering a 34.48% decline from Rs 147.21 crore in Q3 FY25.

Total expenses increased 55.84% year-on-year to Rs 510.63 crore in Q3 FY26. During the quarter, the cost of materials consumed stood at Rs 208.42 crore (down 32.89% YoY), while employee benefit expenses declined 60.25% year-on-year to Rs 34.87 crore.

On a nine-month basis, the company’s net profit declined 21.21% year-on-year to Rs 285.70 crore, while revenue from operations fell 14.50% to Rs 3,168.85 crore in 9M FY26, compared with 9M FY25.

SKF India, a subsidiary of the global SKF Group, manufactures bearings and related components at its facility in Pune, Maharashtra.

The counter shed 0.12% to Rs 1,762.20 on the BSE.