SKF India has reported a 76% spurt in net profit at Rs 56.61 crore for the year ended December 31, 2004 as compared to Rs 32.20 crore for the year ended December 31, 2003. According to a release issued to the BSE, total Income has jumped 24% from Rs 489.22 crore in FY-03 to Rs 605 crore for the year ended December 31, 2004. The company has posted a 31% rise in net profit to Rs 15.70 crore for the fourth quarter ended December 31, 2004 as compared to Rs 12.01 crore for the quarter ended December 31, 2003. Total income has increased 25% from Rs 136.16 crore in Q4-03 to Rs 169.92 crore for the quarter ended December 31, 2004.The board of SKF India has also recommended a 25% dividend on the paid-up capital, the release added.
