SKF India Ltd.

NSE: SKFINDIA | BSE: 500472 | ISIN: INE640A01023 | Industry: Abrasives & Bearings
| Slowing Down Stock

logo
SKF India Ltd.
30 Oct 2019, 12:00AM
1851.10
-0.88%
ICICI Securities Limited
Exports cushion revenue decline as other segments decline Exports for the quarter grew 84% YoY while the share of the same was at 14% of total revenues. In other words, rise in exports was a counter move to utilise capacity and arrest revenue decline in the domestic market and cover fixed overheads. Overall revenues declined 3% YoY. In terms of segments, slowdown in auto sector impacted the segment wherein revenues fell 20% for Q2FY20 while industrial segment revenues declined 1%. Going ahead, we expect growth to hinge on the magnitude and timing...
SKF has lost -59.98% in the last 3 Months
More from SKF India Ltd.
Recommended