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SKF reports 26% rise in Q1 net profit

25 Jul 2018 Evaluate

SKF India has reported results for first quarter ended June 30, 2018

The company has reported 25.81% rise in its net profit at Rs 80.86 crore for the quarter under review as compared to Rs 64.27 crore for the same quarter in the previous year. Total income of the company increased by 5.35% at Rs 777.48 crore for Q1FY19 as compared Rs 738.01 crore for the corresponding quarter previous year.

SKF India is a leading global supplier of rolling bearing and seals. The company provides products, solutions and services in the areas of rolling bearings, seals, mechatronics, services and lubrications systems.

Peers
Company Name CMP
Schaeffler India 3650.85
Timken India 2881.00
SKF India 1438.45
NRB Bearings 509.00
Menon Bearings 283.35
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