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SKF India declines on reporting 17% fall in Q3 net profit

13 Feb 2025 Evaluate

SKF India is currently trading at Rs. 3688.10, down by 110.00 points or 2.90% from its previous closing of Rs. 3798.10 on the BSE.

The scrip opened at Rs. 3750.00 and has touched a high and low of Rs. 3750.00 and Rs. 3643.00 respectively. So far 2720 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 7349.00 on 18-Jun-2024 and a 52 week low of Rs. 3643.00 on 13-Feb-2025.

Last one week high and low of the scrip stood at Rs. 4094.75 and Rs. 3643.00 respectively. The current market cap of the company is Rs. 18213.44 crore.

The promoters holding in the company stood at 52.58%, while Institutions and Non-Institutions held 35.49% and 11.94% respectively.

SKF India has reported 17.04% fall in net profit at Rs 109.65 crore for third quarter ended December 31, 2024 (Q3FY25) as compared to Rs 132.18 crore for the same quarter in the previous year. However, total income of the company increased by 16.82% at Rs 1303.61 crore for Q3FY25 as compared to Rs 1115.94 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 4023.70
Timken India 3250.00
SKF India 1549.40
NRB Bearings 541.25
Menon Bearings 296.55
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