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Revenue
₹24.77 Cr
verified against source
Revenue YoY
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reported change
EBITDA
Pending
latest reported figure
Source
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Actual signal trajectory
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Quarter read
What the record says.
SKP Bearing reported strong sequential revenue growth of 41% in standalone operations for Q3 FY26, driven by capacity expansion in the roller plant and improving export mix (now 5% of revenue vs 2% last year). Consolidated revenue grew 38.9% QoQ, though France subsidiary continues to drag with a loss of ₹5.81 crore due to one-time employee separation costs and low utilization. Management reiterated its ₹100 crore consolidated revenue target for FY26 and expects France to turn green in FY27. The ball plant remains underutilized at ~23% as QCO implementation delays and slow customer validation persist. Key risk: France turnaround may take longer than guided if customer revalidation cycles extend further.
Colored figures show movement against the previous available record.
Guidance to track
- Management targets ₹100 crore consolidated revenue for the current financial year, driven by India growth and France recovery.
- Expects France operations to become profitable in the next financial year as customer volumes ramp up and one-time costs subside.
- Adding capacity in a phased manner to meet strong demand; new machines being commissioned continuously.
Risks flagged
- France subsidiary continues to post losses; customer revalidation and ramp-up may take longer than expected, delaying profitability.
- Ball plant utilization remains low at ~23% due to delayed QCO implementation and slow customer approvals, impacting returns on capex.
- Loss of key customers post-acquisition has not been fully recovered; reliance on a few large clients for volume ramp-up.
Key quotes
- We are the only company in India also probably very few companies globally which are end to end.
- Our target first is to reach to the post acquisition hour level. After that we have a target next target of reach to the 2010 levels when it was something like 156 million euros.
- We are focusing right now because we don't want to have anything you know you eat something which you cannot chew. We believe in let it go slow but it should be steady and it should be very long term.
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