'For quarter ending June 2024, consolidated Net sales (including other operating income) of SKF India has increased 4.93% to Rs 1206.22 crore compared to quarter ended June 2023. Operating profit margin has declined from 17.65% to 16.06%, leading to 4.54% decline in operating profit to Rs 193.66 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 23.31% to 23.77%. Purchase of finished goods cost rose from 37.54% to 38.92%. Employee cost decreased from 7.43% to 6.83%. Other expenses rose from 14.37% to 15.26%.
Other income rose 77.73% to Rs 40.06 crore. PBIDT rose 3.69% to Rs 233.72 crore. Provision for interest fell 20.69% to Rs 0.23 crore.
PBDT rose 3.72% to Rs 233.49 crore. Provision for depreciation rose 12.84% to Rs 19.78 crore.
Profit before tax grew 2.95% to Rs 213.71 crore. Provision fo...
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