SKF India reported dismal numbers for Q1FY21 as manufacturing activities were disrupted across the value chain. Tracking this, production was halted for more than 50 days at SKF. June saw some green shoots but it was shortlived on account of regional lockdowns. Revenue for the quarter was at | 301.2 crore, down 61.2% YoY (vs. I-direct estimate of | 351 crore). During the quarter, SKF won some significant orders for rotating equipment performance offerings. Performance for the quarter reflects production loss of more than 50 days. Gross margins stayed stable at 39% vs. 39.7% YoY. However, negative operating impaired the operating performance, as SKF...