SKF India is trading higher by 6% to Rs 692 after reporting a robust 50% year-on-year (yoy) growth in net profit at Rs 48.39 crore for the fourth quarter ended December 31, 2013 (Q4) on back of strong operational performance and lower raw material cost. The company had profit of Rs 32.19 crore in the same quarter year ago.
Total operational income of the company has increased by 15.4% at Rs 600 crore against Rs 520 crore in the corresponding quarter of previous year, SKF India said in a statement.
EBITDA or operating margin the quarter under review improved substantially by over 300 basis points to 11.62% from 8.6%.
The stock opened at Rs 665 and touched a 52-week high of Rs 711 on the BSE. The stock hit a record high of Rs 728 on April 3, 2012.
A combined 51,000 shares changed hands on the counter till noon deals on the BSE and NSE.
Total operational income of the company has increased by 15.4% at Rs 600 crore against Rs 520 crore in the corresponding quarter of previous year, SKF India said in a statement.
EBITDA or operating margin the quarter under review improved substantially by over 300 basis points to 11.62% from 8.6%.
The stock opened at Rs 665 and touched a 52-week high of Rs 711 on the BSE. The stock hit a record high of Rs 728 on April 3, 2012.
A combined 51,000 shares changed hands on the counter till noon deals on the BSE and NSE.