SKF registers 42% growth in Q4 net profit

SKF India has reported results for fourth quarter ended December 31, 2015.  

The company has reported 42.22% rise in its net profit at Rs 58.14 crore for the quarter ended December 31, 2015 as compared to Rs 40.88 crore for the same quarter in the previous year. However, total income of the company has decreased by 1.11% to Rs 629.95 crore for the quarter under review from Rs 636.99 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. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide.