The company follows January-December fiscal. Net sales of the company rose to Rs 579.02 crore for the first quarter, compared to Rs 570.31 crore during the same period of previous year, SKF India said in a statement.
Commenting on the results, SKF India Managing Director and Country Head Shishir Joshipura said. " The challenges in the economy remained unaltered pushing businesses to find optimised ways of working. Our performance is a result of our focused customer centric approach amidst the volatility in the current economic environment, even as we remain cautiously optimistic of the future."
SKF India supplies of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. It also provides provides products, solutions and services in the areas of rolling bearings, seals, mechatronics, services and lubrication systems.
SKF India shares today ended at Rs 1,424.60 apiece on the BSE, down 0.41% from previous close.