SKF India standalone net profit declines 8.35% in the March 2020 quarter

Sales decline 18.47% to Rs 610.21 crore

Net profit of SKF India declined 8.35% to Rs 75.34 crore in the quarter ended March 2020 as against Rs 82.20 crore during the previous quarter ended March 2019. Sales declined 18.47% to Rs 610.21 crore in the quarter ended March 2020 as against Rs 748.44 crore during the previous quarter ended March 2019.

For the full year,net profit declined 13.93% to Rs 288.99 crore in the year ended March 2020 as against Rs 335.77 crore during the previous year ended March 2019. Sales declined 6.36% to Rs 2841.58 crore in the year ended March 2020 as against Rs 3034.53 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales610.21748.44 -18 2841.583034.53 -6 OPM %10.1414.83 -12.3016.01 - PBDT106.49138.33 -23 443.89570.58 -22 PBT91.83126.78 -28 386.77524.19 -26 NP75.3482.20 -8 288.99335.77 -14

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