'For
quarter ending March 2024, consolidated net sales (including other operating income) of SKF India has increased 9.93% to Rs 1203.4 crore compared to quarter ended March 2023. Operating profit margin has jumped from 15.26% to 17.73%, leading to 27.75% rise in operating profit to Rs 213.36 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 24.35% to 26.68%. Purchase of finished goods cost fell from 36.61% to 33.59%. Employee cost increased from 6.99% to 7.14%. Other expenses fell from 16.65% to 15.52%. Other income rose 76.73% to Rs 34.94 crore. PBIDT rose 32.94% to Rs 248.3 crore. Provision for interest fell 25% to Rs 0.24 crore. Loan funds declined from Rs 14.44 crore as of 31 March 2023 to Rs 11.76 crore as of 31 March 2024. Inventories declined from Rs 686.03 crore as of 31 March 2023 to Rs 683.88 crore as of 31 March 2...
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