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SKF India registers sales of Rs. 6033 million in Q2 2015

| | Jul 22, 2015, at 01:16 am
#SKF # Q2 performance # net sales # Profit before tax
Mumbai, July 21 (IBNS): The Board of Directors of SKF India Limited, a technology and solutions provider of bearings, seals, lubrication systems, mechatronics and services, on Tuesday approved the unaudited financial results for the second quarter and half year ended June 30, 2015.
According to an fficial statement, Net Sales for the second quarter ended June 2015 amounted to INR 6033 million registering a growth of 2% compared to the corresponding quarter of the previous year and 4% as compared to the immediately preceding quarter
 
The Profit before tax for the second quarter ended June 30 amounted to INR 709 million which was lower by 13%  compared to the corresponding quarter of the previous year and lower by 9% compared to the immediately preceding quarter
 
Commenting on the occasion, Shishir Joshipura, Managing Director and Country Head, SKF India said, “The economy continued to face challenges that constrained the volume growth on account of lower demand from several industry segments. The current quarter witnessed headwinds on account of adverse forex movement and product mix. We remain optimistic that continued and sustained push on reforms will drive the economy on the intended path.”
 

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