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SKF India Ltd Q2FY24; 42% fall in Profits

SKF India Ltd is a leading supplier of products, solutions & services within rolling bearing, seals, mechatronics, and lubrication systems.

Financial Results:

SKF India Ltd reported Revenues for Q2FY24 of ₹1,125.00 Crores up from ₹1,078.00 Crore year on year, a rise of 4.36%.

Total Expenses for Q2FY24 of ₹1,023.00 Crores up from ₹881.00 Crores year on year, a rise of 16.12%.

Consolidated Net Profit of ₹90.00 Crores down 42.31% from ₹156.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹18.25, down 42.14% from ₹31.54 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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