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13-Aug-2024

SKF India

NP up 2.92%


'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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