SKF India standalone net profit rises 11.75% in the March 2017 quarter

Capital Market May 27, 2017 Last Updated at 11:02 IST

Sales rise 11.25% to Rs 653.74 crore

Net profit of SKF India rose 11.75% to Rs 57.90 crore in the quarter ended March 2017 as against Rs 51.81 crore during the previous quarter ended March 2016. Sales rose 11.25% to Rs 653.74 crore in the quarter ended March 2017 as against Rs 587.64 crore during the previous quarter ended March 2016.

For the full year,net profit declined 4.69% to Rs 243.89 crore in the year ended March 2017 as against Rs 255.89 crore during the previous year ended March 2016. Sales declined 12.21% to Rs 2631.41 crore in the year ended March 2017 as against Rs 2997.28 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales653.74587.64 11 2631.412997.28 -12 OPM %12.1614.26 -12.7712.06 - PBDT99.1493.98 5 423.48462.91 -9 PBT87.6081.46 8 375.60394.48 -5 NP57.9051.81 12 243.89255.89 -5

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