SKF India slides as Q3 PAT decline 17% YoY to Rs 110 cr
13 - Feb - 2025 12:00 | 46 days ago
However, revenue from operations jumped 15% YoY to Rs 1,256.10 crore in the quarter ended 31 December 2024.
Profit before tax for the third quarter of FY25 stood at Rs 147.06 crore, registering a 16.9% decline from Rs 176.99 crore in Q3 FY24.
Total expenses rose by 23.2% YoY to Rs 1,156.40 crore in the third quarter. Cost of materials consumed stood at Rs 310.60 crore (up 15.4% YoY) and employee benefit expense was at Rs 87.74 crore (up 5.58% YoY) during the period under review.
On nine-month basis, the company reported a 3.7% decrease in consolidated net profit to Rs 362.63 crore on 10.1% rise in revenue to Rs 3,706.55 crore in 9M FY25 over 9M FY24.
SKF India is a leading supplier of products, solutions & services within rolling bearings, seals, mechatronics, and lubrication systems.
SKF India consolidated net profit declines 17.14% in the December 2024 quarter
13 - Feb - 2025 12:00 | 46 days ago
Net profit of SKF India declined 17.14% to Rs 109.50 crore in the quarter ended December 2024 as against Rs 132.15 crore during the previous quarter ended December 2023. Sales rose 15.04% to Rs 1256.10 crore in the quarter ended December 2024 as against Rs 1091.90 crore during the previous quarter ended December 2023.
SKF India consolidated net profit declines 17.14% in the December 2024 quarter
13 - Feb - 2025 12:00 | 46 days ago
Net profit of SKF India declined 17.14% to Rs 109.50 crore in the quarter ended December 2024 as against Rs 132.15 crore during the previous quarter ended December 2023. Sales rose 15.04% to Rs 1256.10 crore in the quarter ended December 2024 as against Rs 1091.90 crore during the previous quarter ended December 2023.
The Board of SKF India at its meeting held today i.e., 26 December 2024, has approved a Scheme of Arrangement (Scheme) between the Company (SKF India or Demerged Company) and SKF India (Industrial) (SKF Industrial or Resulting Company) (a wholly owned subsidiary of the Company) and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, which provides for the demerger of the Company's Industrial Business (as defined in the Scheme) into SKF Industrial (Proposed Transaction).
SKF India slides as Q3 PAT decline 17% YoY to Rs 110 cr
13 - Feb - 2025 12:00 | 46 days ago
However, revenue from operations jumped 15% YoY to Rs 1,256.10 crore in the quarter ended 31 December 2024.
Profit before tax for the third quarter of FY25 stood at Rs 147.06 crore, registering a 16.9% decline from Rs 176.99 crore in Q3 FY24.
Total expenses rose by 23.2% YoY to Rs 1,156.40 crore in the third quarter. Cost of materials consumed stood at Rs 310.60 crore (up 15.4% YoY) and employee benefit expense was at Rs 87.74 crore (up 5.58% YoY) during the period under review.
On nine-month basis, the company reported a 3.7% decrease in consolidated net profit to Rs 362.63 crore on 10.1% rise in revenue to Rs 3,706.55 crore in 9M FY25 over 9M FY24.
SKF India is a leading supplier of products, solutions & services within rolling bearings, seals, mechatronics, and lubrication systems.
SKF India consolidated net profit declines 17.14% in the December 2024 quarter
13 - Feb - 2025 12:00 | 46 days ago
Net profit of SKF India declined 17.14% to Rs 109.50 crore in the quarter ended December 2024 as against Rs 132.15 crore during the previous quarter ended December 2023. Sales rose 15.04% to Rs 1256.10 crore in the quarter ended December 2024 as against Rs 1091.90 crore during the previous quarter ended December 2023.
The Board of SKF India at its meeting held today i.e., 26 December 2024, has approved a Scheme of Arrangement (Scheme) between the Company (SKF India or Demerged Company) and SKF India (Industrial) (SKF Industrial or Resulting Company) (a wholly owned subsidiary of the Company) and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, which provides for the demerger of the Company's Industrial Business (as defined in the Scheme) into SKF Industrial (Proposed Transaction).
SKF India slides as Q3 PAT decline 17% YoY to Rs 110 cr
13 - Feb - 2025 12:00 | 46 days ago
However, revenue from operations jumped 15% YoY to Rs 1,256.10 crore in the quarter ended 31 December 2024.
Profit before tax for the third quarter of FY25 stood at Rs 147.06 crore, registering a 16.9% decline from Rs 176.99 crore in Q3 FY24.
Total expenses rose by 23.2% YoY to Rs 1,156.40 crore in the third quarter. Cost of materials consumed stood at Rs 310.60 crore (up 15.4% YoY) and employee benefit expense was at Rs 87.74 crore (up 5.58% YoY) during the period under review.
On nine-month basis, the company reported a 3.7% decrease in consolidated net profit to Rs 362.63 crore on 10.1% rise in revenue to Rs 3,706.55 crore in 9M FY25 over 9M FY24.
SKF India is a leading supplier of products, solutions & services within rolling bearings, seals, mechatronics, and lubrication systems.
SKF India consolidated net profit declines 17.14% in the December 2024 quarter
13 - Feb - 2025 12:00 | 46 days ago
Net profit of SKF India declined 17.14% to Rs 109.50 crore in the quarter ended December 2024 as against Rs 132.15 crore during the previous quarter ended December 2023. Sales rose 15.04% to Rs 1256.10 crore in the quarter ended December 2024 as against Rs 1091.90 crore during the previous quarter ended December 2023.
SKF India consolidated net profit declines 17.14% in the December 2024 quarter
13 - Feb - 2025 12:00 | 46 days ago
Net profit of SKF India declined 17.14% to Rs 109.50 crore in the quarter ended December 2024 as against Rs 132.15 crore during the previous quarter ended December 2023. Sales rose 15.04% to Rs 1256.10 crore in the quarter ended December 2024 as against Rs 1091.90 crore during the previous quarter ended December 2023.
The Board of SKF India at its meeting held today i.e., 26 December 2024, has approved a Scheme of Arrangement (Scheme) between the Company (SKF India or Demerged Company) and SKF India (Industrial) (SKF Industrial or Resulting Company) (a wholly owned subsidiary of the Company) and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, which provides for the demerger of the Company's Industrial Business (as defined in the Scheme) into SKF Industrial (Proposed Transaction).
