SKF stock holds steady after Q1 profit slips

SKF stock is trading at ?1,662.90 as of August 19, 2026, while June quarter revenue rose 18.3% and net profit fell 13.8%.

SKF India Ltd (SE0000108227) traded at ?1,662.90 on August 19, 2026, with a market value of ?8,015.87 crore and a 2.56% session gain. The latest quarter ended June 30, 2026 brought revenue of ?9,707.7 million, while net profit slipped 13.8% to ?619.2 million.

Margin pressure in June

Revenue rose 18.3% from ?8,206.3 million a year earlier, but total expenses climbed 21.7% to ?8,934.0 million in the same period. That gap pushed profit before tax down 10.5% to ?869.2 million and kept basic EPS at ?12.5, below ?14.5 in the prior-year quarter.

The comparison matters for investors because the quarter shows growth without matching operating leverage. Sales held up, yet cost growth ran faster than revenue.

Trading above support

On the latest trading day in the source set, the stock closed above the ?1,583.60 first support level and below the ?1,696.50 first resistance level. The 20-day moving average stood at ?1,543.10, the 50-day at ?1,564.80, and the 100-day at ?1,654.00.

That setup leaves the shares close to the 100-day line, while the 200-day average at ?2,029.00 remains well above the current quote. The 52-week range was ?1,404 to ?5,074, which shows how far the stock has already moved off its year low.

Bearings stay central

SKF Explorer bearings remain one of the company's core industrial products and sit at the center of its motion-control and bearing business. For a manufacturer like SKF India, that category matters because bearing demand tracks machinery uptime, maintenance cycles, and factory output.

Price and market view

SKF India shares traded at ?1,662.90 on August 19, 2026, with volume of 404,321 and a market cap of ?8,171.1 crore. The stock was up 5.05% in one cited session and remained below its 52-week high of ?5,074.

Fact box

Company: SKF India Ltd
ISIN: SE0000108227
Ticker: SKFINDIA
Exchange: NSE/BSE
Sector / Industry: Industrials / Auto Components
Index membership: Nifty 500