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SKF India reports 20% rise in Q1 consolidated net profit

03 Aug 2023 Evaluate

SKF India has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The company has reported 19.62% rise in its net profit at Rs 154.53 crore for the quarter under review as compared to Rs 129.18 crore for the same quarter in the previous year. Total income of the company increased by 10.20% at Rs 1,172.14 crore for Q1FY24 as compared Rs 1,063.65 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 19.59% rise in net profit at Rs 154.42 crore for the first quarter ended June 30, 2023 as compared to Rs 129.12 crore for the same quarter in the previous year. Total income of the company increased by 10.20% at Rs 1,172.14 crore for Q1FY24 as compared Rs 1,063.65 crore for the corresponding quarter previous year.

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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