April 24, 2024 05:38 (IST)
SKF India registers Sales of INR 5790 million in Q1
New Delhi, Apr 23 (IBNS) The Board of Directors of SKF India Limited, a technology and solutions provider of bearings, seals, lubrication systems, mechatronics and services, on Thursday approved the unaudited Financial Results for the first quarter ended March 31, 2015.
The company said its net sales for the first quarter ended March 2015 amounted to INR 5790 million registering a growth of 1.5 % over the corresponding quarter of the previous year
The cpmpany's profit before tax for the first quarter ended March 2015 amounted to INR 779 million registering a growth of 3.8 % over the corresponding quarter of the previous year
Commenting on the occasion, Shishir Joshipura, Managing Director and Country Head, SKF India said, “The challenges in the economy remained unaltered pushing businesses to find optimized ways of working. The government’s initiative to build infrastructure and push the ‘Make in India’ agenda should augur well in the near future. Our performance is a result of our focused customer centric approach amidst the volatility in the current economic environment, even as we remain cautiously optimistic of the future.”
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