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SKF India registers sales of Rs. 6038 million in Q3

India Blooms News Service | 22 Oct 2014, 05:17 am
New Delhi, Oct 21 (IBNS): The Board of Directors of SKF India Limited, technology and solutions provider of bearings, seals, lubrication systems, mechatronics and services, on Tuesday approved the unaudited financial results for the third quarter and nine months that ended on Sept 30, where it registered a sales of Rs. 6038 million in Q3.

The company registered a growth of  6.7 percent over the corresponding quarter of the previous year and 1.9 percent as compared to the immediately preceding quarter.

The Profit before tax for the third quarter  amounted to Rs. 888 million registering a growth of 25.8 percent over the corresponding quarter of the previous year and 8.5 percent over the immediately preceding quarter

Commenting on the occasion, Shishir Joshipura, Managing Director, SKF India said, “The Domestic Economic environment saw moderation in inflationary pressures and a near stable rupee amidst an uncertain demand recovery. The global business environment remained uncertain even as business optimism and confidence continues to improve in India. Our focused efforts at offering higher value added solutions and improving our engagement with our customers enabled us to deliver a steady performance, in a challenging business environment.”

 

SKF India registers sales of Rs. 6038 million in Q3

India Blooms News Service
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