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08-Feb-2024

SKF India

OP down 6.29%


'For quarter ending Dec 2023, consolidated Net sales (including other operating income) of SKF India has increased 1.40% to Rs 1092.31 crore compared to quarter ended Dec 2022.  Operating profit margin has declined from 17.09% to 15.79%, leading to 6.29% decline in operating profit to Rs 172.48 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 22.98% to 26.75%.   Purchase of finished goods cost fell from 37.09% to 32.21%.   Employee cost increased from 6.02% to 7.87%.   Other expenses fell from 17.45% to 16.82%.   

Other income rose 81.73% to Rs 23.68 crore.  PBIDT fell 0.47% to Rs 196.16 crore.  Provision for interest fell 30.56% to Rs 0.25 crore.  

PBDT fell 0.42% to Rs 195.91 crore.  Provision for depreciation rose 10.93% to Rs 18.88 crore.  

Profit before tax down 1.49% to Rs 177.03 crore.  Provisio...



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