Skf India

SKF India rises 6% as Board okays demerger of auto, industrial businesses

The Board has granted its in-principle approval to segregate the Automotive and Industrial business through a scheme of arrangement

Stocks to watch on May 9: HG Infra, Piramal Ent, BSE, NBCC, SKF India

Stocks to watch on May 9, 2024: HG Infra reported its Q4 earnings with a net profit increase of 11.2 per cent at Rs 190 crore compared to Rs 170.9 crore in the previous year

SKF India Q2 results: Net profit declines 42.5% to Rs 90.22 crore

Auto parts maker SKF India on Wednesday reported a 42.5 per cent year-on-year decline in standalone Profit After Tax (PAT) at Rs 90.22 crore in the September quarter. The company had posted a standalone PAT of Rs 155.95 crore in the second quarter of the previous fiscal. The revenue from operations of the company for the latest quarter grew 4 per cent to Rs 1,125.2 crore. In the year-ago period, it stood at Rs 1,078.3 crore, the company said in a statement. "As the external environment remained mixed this quarter, we have delivered moderate revenue growth, achieving a 4 per cent increase in revenue with a 41 per cent decrease in PBT (Profit Before Tax), year-over-year," Manish Bhatnagar, Managing Director at SKF India, said. The increase in import costs adversely impacted the margins in this quarter, he said but the normalised supply chain continues to help improve SKF India's overall operational efficiency. "Looking ahead, we will continue to maintain our focus on operational ...

SKF India standalone PAT rises to Rs 154.53 crore in June quarter

Bearings maker SKF India on Wednesday said it has recorded a 20 per cent growth in its standalone Profit After Tax (PAT) at Rs 154.53 crore in three months ended June 2023. The company had reported a standalone PAT of Rs 129.18 crore in Q1FY23, SKF India said in a statement. Revenue from operations during the quarter was at Rs 1,149.6 crore as compared to Rs 1,054.7 crore in the same period a year ago, it said. "We reported yet another quarter of impressive growth, achieving a 9 per cent increase in revenue and an 18 per cent increase in PBT year-over-year. Our focus on portfolio management and higher price realisation helped us offset inflationary pressures," Manish Bhatnagar, Managing Director of SKF India Ltd, said. Given the company's focus on strong cash flow momentum and driving operational efficiency, "we remain well prepared for further profitable growth in the upcoming quarters", he said. "Looking ahead, we are confident that the continued execution of our intelligent and

SKF India's Q4 consolidated profit after tax rises 12% to Rs 122 cr

Auto parts maker SKF India on Wednesday reported a 12 per cent increase in consolidated Profit After Tax (PAT) at Rs 122.93 crore in the March 2023 quarter. The Pune-based company had posted a profit of Rs 109.48 crore in Q4 of FY22, as per a statement. The revenue from operations in the fourth quarter of FY23 grew 5 per cent to Rs 1,094.70 crore from Rs 1,039 crore in the year-ago period, SKF India said. "We were successful in delivering higher price increases in the last quarter, helping us offset inflationary pressure. Stable manufacturing costs and a normalising supply chain, combined with our strong portfolio management capabilities, along with a disciplined cost approach have helped us improve profitability and cash flow," said Manish Bhatnagar, Managing Director at SKF India. He also noted that despite a challenging operating environment, demand remains strong for the company's products across businesses. "With supply chain pressures gradually improving, we will further ...

Stocks to Watch: Tata Consumer, NTPC, RVNL, GMR Airports, Havells, SKF

Stocks to Watch: Tata Consumer Products ceased negotiations with Bisleri for a potential acquisition. It said no definitive agreement or binding commitment has been signed on this matter

MNC stocks in focus: Charts show up to 17% upside in ABB, HUL, SKF India

ABB India, Hindustan Unilever, and SKF India have excelled well in recent months with ABB and SKF India gradually ralling to all-time highs

SKF India to offer financial support to employees amid Covid-19 pandemic

SKF India on Monday announced COVID-19 support for employees and their immediate family members in the unfortunate event of an employee succumbing to the coronavirus infection

Tata Motors DVR, SKF India may be included in MSCI Smallcap index

Other notable high impact potential additions include the likes of Asahi India Glass, Elgi Equipments, Solar Industries, Shriram City Union, Grindwell Norton, GSFC, Route Mo­bile and Sheela Foam

SKF India expects to corner higher share in auto-components market

Auto-component maker SKF expects to corner "significantly higher" share in the sector it caters to irrespective of the pace of industry's growth amid demand revival, a top company executive has said.

Tata Steel, SKF and Schaeffler units colluded on prices of bearings: CCI

However, the CCI added it had decided not to impose a penalty, saying the "ends of justice would be met if the parties cease such cartel behaviour and desist from indulging in it".

SKF India may face pressure on revenues and margins amid weak demand

Trading at 30x its FY21 earnings, there is limited upside

SKF India tumbles 7% on disappointing December quarter results

The management said it continues to see muted demand in the industrial segments, and de-growth across automotive segments

SKF India gains on share buyback plan

The stock up 3.5% to Rs 1,408 after the company said its board will meet on Feb 13 to consider a share buyback proposal.

SKF India hits record high

The stock rallied 10% to Rs 1,550, also its record high on BSE in intra-day on Wednesday in otherwise weak market.

SKF India Q1 net up 29.89% at Rs 60.4 crore

Company ended the day at Rs 1,379 apiece, down 2.26% from the previous close on the BSE