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SKF India reports 14% fall in Q2 net profit

22 Jul 2015 Evaluate

SKF India has reported results for second quarter ended June 30, 2015.

The company has reported 14.02% fall in its net profit at Rs 46.55 crore for the quarter ended June 30, 2015 as compared to Rs 54.14 crore for the same quarter in the previous year. The company’s total income from operations has increased marginally by 1.53% to Rs 630.55 crore for the quarter under review from Rs 621.06 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.

Peers
Company Name CMP
Schaeffler India 3511.50
Timken India 3061.10
SKF India 1396.35
NRB Bearings 484.00
Menon Bearings 319.25
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