SKF India has reported results for first quarter ended March 31, 2012.
The company has posted a rise of 8.23% in its net profit at Rs 65.97 crore for the quarter ended March 31, 2012 as compared to Rs 60.95 crore for the same quarter in the previous year. However total income has decreased by 7.23% at Rs 587.11 crore for quarter under review as compared to Rs 632.87 crore for the quarter ended March 31, 2011.
SKF makes products for a range of sectors including automobiles, aerospace, wind energy, construction and industrial transmission. The firm, which follows the calendar year as its financial year, is spending about Rs 160 crore to expand capacity and is ramping up operations at a plant in Pune.
