Export share of revenue
5%
+3pp YoY
Exports increased from 2% to 5% of overall revenue, with further improvement expected.
SKPBEARING
Other
16 Feb 2026
SKP Bearing Industries Ltd — Q3 FY26
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).
✓ Verified against BSE filing
2-Min Summary
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.
Key Numbers
Roller plant capacity utilization
>90%
flat YoY
Utilization remains high despite capacity additions; demand is strong.
Ball plant capacity utilization
23%
flat QoQ
Utilization low due to delayed QCO implementation and slow customer validation.
France subsidiary employee count
31
-21 YoY
Reduced from 52 to 31 employees to cut costs; one-time severance impacted Q3.
Management Guidance
Consolidated revenue target of ₹100 crore for FY26
Management targets ₹100 crore consolidated revenue for the current financial year, driven by India growth and France recovery.
revenueFrance subsidiary to turn green in FY27
Expects France operations to become profitable in the next financial year as customer volumes ramp up and one-time costs subside.
marginsRoller plant capacity expansion ongoing
Adding capacity in a phased manner to meet strong demand; new machines being commissioned continuously.
expansionKey Risks
France turnaround delay
France subsidiary continues to post losses; customer revalidation and ramp-up may take longer than expected, delaying profitability.
high · analyst_questionBall plant underutilization
Ball plant utilization remains low at ~23% due to delayed QCO implementation and slow customer approvals, impacting returns on capex.
medium · management_commentaryCustomer concentration in France
Loss of key customers post-acquisition has not been fully recovered; reliance on a few large clients for volume ramp-up.
medium · data_observationNotable 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.