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SKF India reports 16% fall in Q4 net profit

19 Feb 2015 Evaluate

SKF India has reported results for fourth quarter ended December 31, 2014.

The company has registered a fall of 15.52% in its net profit at Rs 40.88 crore for the quarter under review as compared to Rs 48.39 crore for the same quarter in the previous year. However, total income of the company increased 3.37% at Rs 636.99 crore for the ended December 31, 2014 as compared Rs 616.24 crore for the corresponding quarter previous year.

For the entire 2014 fiscal, the company’s net profit rose by 21.62% to Rs 202.77 crore from Rs 166.72 crore in the previous fiscal. The total income of the company increased by 6.59% to Rs 2492.53 crore as compared to Rs 2338.34 crore in the previous year.

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