Industrial Goods company SKF India announced Q3FY25 results Revenue: Rs 12,561 million, reflecting a 15% growth compared to Rs 10,919 million in the previous year Profit Before Tax (PBT): Rs 1,470.6 million compared to Rs 1,769.9 million during the previous year. Mukund Vasudevan - Managing Director, SKF India, said, “We delivered excellent revenue growth in Q3 2024. Overall, while SKF India Ltd. grew by 15% (~2X GDP), the Industrial business grew 23% YoY and our Automotive business grew 10% YoY. This performance underscores the resilience of our strategy and our ability to adapt to evolving market dynamics. By accelerating local manufacturing, innovating based on our segment-driven approach, and reinforcing our commitment to sustainability, we are strengthening our leadership in the industry. We remain focused on delivering superior value to our customers while driving long-term profitable growth for our stakeholders.” Result PDF
Industrial Goods company SKF India announced Q2FY25 results The Revenue from operations of the Company for the quarter was at Rs 12,442 million as compared to Rs 11,252 million in the previous year. The Profit Before Tax (PBT) for the quarter was Rs 1,269 million compared to Rs 1,217 million during the previous year. Mukund Vasudevan - Managing Director, SKF India, said: “Our revenue has increased by 11%, and our profit before tax (PBT) has grown by 4% year-over-year. This performance shows that SKF continues to create value for its customers through intelligent and clean solutions. Our consistent strategy to manufacture more in India, attract and retain the best talent, and drive sustainability is unwavering.” Result PDF
Industrial Goods company SKF India announced Q4FY24 results: Financial Highlights: The Revenue from operations of the Company for the quarter was at Rs 12,034 as compared to Rs 10,947 in the previous year. The Profit Before Tax (PBT) for the quarter was Rs 2,292 compared to Rs 1,696 during the previous year. Mukund Vasudevan - Managing Director, SKF India Limited, said, “Despite the challenging external environment, we succeeded in delivering an impressive revenue growth, achieving a 10% increase in revenue with a 35% increase in PBT year-over-year. Resilient supply chain along with our focus on operational improvements and productivity enhancements enabled us to meet the customer needs and deliver value for our shareholders. We continue to keep advancing our intelligent and clean growth strategy to focus on overall operational efficiency and investing for sustained and profitable growth, while enabling the transition to net zero. We remain committed to sustain long term growth momentum, consistent strategy execution across the business and create value for all our shareholders.” Result PDF