Q4FY17 Results: SKF India Ltd.
SKF India Ltd reported its results for the quarter ended March 31, 2017 today.
The company's total sales for Q4FY17 came in at Rs 650 crore, which represents a 2.26 per cent sequential decline and 10.54 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 64.2 crore and its EBIT margin stood at 9.88 per cent.
The company reported PAT of Rs 57.9 crore, which represents a sequential QoQ decline of 10.92 per cent and a YoY increase of 11.78 per cent.
SKF India Ltd is an India-based bearing manufacturing company and part of the SKF Group. The company provides services include technical support, maintenance services, monitoring and training. The company's product portfolio includes bearings, liner motion products, lubrication systems, seals, mechatronics and services.