SKF India reports 30% rise in Q1 net profit

Resource from: Mint Market Info Likes:213

Jul 22,2016

SKF India has reported results for first quarter ended June 30, 2016. The company has reported 29.75% rise in its net profit at Rs 60.40 crore for the quarter ended June 30, 2016 as compared to Rs 46.55 crore for the same quarter in the previous year. Total income of the company increased by 7.38% to Rs 725.00 crore for the quarter under review from Rs 675.19 crore for the corresponding quarter of the previous year. SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide.

(Mint Market Info)

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