SKF India has reported results for the first quarter ended March 31, 2013
The company has reported a fall of 60.77% in its net profit at Rs 25.88 crore for the quarter ended March 31, 2013 as compared to Rs 65.97 crore for the same quarter in the previous year. Total income from operation of the company has decreased by 8.16% at Rs 538.31 crore for quarter under review as compared to Rs 586.12 crore for the quarter ended March 31, 2012.
SKF India provides products, solutions and services in the areas of rolling bearings, seals, mechatronics, services and lubrications systems. The company manufactures different types of bearings, seals including roller bearings, bearing units, housings, industrial and hydraulic seals, linear motion products, high precision bearing, spindles, electrical actuators, actuation systems and rolling bearing steel which are used in cars and truck wheels.
