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SKF India - Quaterly Results

17 May 2023 Evaluate
A fair growth of 5.36% in the revenue at Rs. 10946.90 millions was reported in the March 2023 quarter as compared to Rs. 10390.10 millions during year-ago period.A slim rise of 12.22% was recorded in the Net profit for the quarter ended March 2023 to Rs. 1228.50  millions  From Rs. 1094.70 millions.The company reported a good operating profit of 1867.80 millions compared to 1615.80 millions of corresponding previous quarter.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 10946.90 10390.10 5.36 43049.20 36658.90 17.43 43049.20 36658.90 17.43
Other Income 197.70 21.40 823.83 518.70 346.20 49.83 518.70 346.20 49.83
PBIDT 1867.80 1615.80 15.60 8012.80 5901.40 35.78 8012.80 5901.40 35.78
Interest 3.20 7.30 -56.16 15.10 20.80 -27.40 15.10 20.80 -27.40
PBDT 1864.60 1608.50 15.92 7997.70 5880.60 36.00 7997.70 5880.60 36.00
Depreciation 168.90 151.80 11.26 668.40 571.00 17.06 668.40 571.00 17.06
PBT 1695.70 1456.70 16.41 7329.30 5309.60 38.04 7329.30 5309.60 38.04
TAX 467.20 362.00 29.06 2081.40 1358.30 53.24 2081.40 1358.30 53.24
Deferred Tax 40.50 -43.10 -193.97 5.70 -18.70 -130.48 5.70 -18.70 -130.48
PAT 1228.50 1094.70 12.22 5247.90 3951.30 32.81 5247.90 3951.30 32.81
Equity 494.40 494.40 0.00 494.40 494.40 0.00 494.40 494.40 0.00
PBIDTM(%) 17.06 15.55 9.72 18.61 16.10 15.62 18.61 16.10 15.62
Peers
Company Name CMP
Schaeffler India 4003.05
Timken India 3228.80
SKF India 1540.00
NRB Bearings 533.15
Menon Bearings 304.80
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