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SKF India Limited Q3FY23 Earnings Story

Leading providers of goods, services, and solutions in the fields of rolling bearings, seals, mechanical electronics, and lubricating systems include SKF India Ltd.

Financial Results:

The manufacturer of automotive components SKF India reported that its consolidated net earnings increased by 31% to ₹ 116.67 crores in the December quarter compared to the same quarter in the prior fiscal.

In the third quarter of FY22, the firm reported a consolidated net profit of rupees 88.79 crores.

From ₹ 967 crores in the same period of FY22, the operating revenue increased by 11% to ₹ 1,077.20 crores in the quarter under review.

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