Bearing manufacturer SKF India reported increase of 25.7 per cent in its net profit at Rs 58.6 crore for the third quarter ended on September 30, 2014 as compared to Rs 46.6 crore last year. Company’s revenue also witnessed a increase of 7% at Rs 612.8 crore as compared to Rs 572.6 crore last quarter. Shishir Joshipura, managing director, SKF India said, “Domestic economic environment saw moderation in inflationary pressures and a near stable rupee amidst an uncertain demand recovery.”
The global business environment remained uncertain even as business optimism and confidence continues to improve in India. Our focused efforts at offering higher value added solutions and improving our engagement with our customers enabled us to deliver a steady performance, in a challenging business environment."
