SKF India’s net profit rises 6.27%

SKF India has reported unaudited results for the first quarter ended June 30, 2011.

The company’s net profit for the first quarter rose by 6.27% at Rs 51.49 crore as compared to Rs 48.45 crore for the corresponding quarter last year. Total income has increased by 18.15% at Rs 601.06 crore for the quarter under review from Rs 508.71 crore for the same quarter last year.

SKF India is a part of the SKF Group, a leading global supplier of rolling bearing and seals. Along with a varied range of products, it also offers extensive solutions and services in this area.