SKF India reports 15% fall in Q3 net profit

SKF India has reported results for third quarter ended September 30, 2015.

The company has reported 14.68% fall in its net profit at Rs 50.04 crore for the quarter ended September 30, 2015 as compared to Rs 58.65 crore for the same quarter in the previous year. The company’s total income has decreased by 2.42% to Rs 621.16 crore for the quarter under review from Rs 636.59 crore for the corresponding quarter of the previous year.

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training.