SKF India reports 20% rise in Q2 net profit

Resource from: Mint Market Info Likes:230

Oct 24,2016

SKF India has reported results for second quarter ended September 30, 2016. The company has reported 20.42% rise in its net profit at Rs 60.26 crore for the quarter under review as compared to Rs 50.04 crore for the same quarter in the previous year. Total income of the company increased by 3.21% at Rs 733.78 crore for the quarter under review as compared Rs 668.78 crore for the corresponding quarter previous year. Consequent to change in the financial year of the Company, year to date figures for period ended September 30, 2016 are for six months and year to date figures for period ended September 30, 2015 are for nine months and hence they are not comparable. 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.

(Mint Market Info)

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