The company, which follows January-December fiscal, had posted a net profit of Rs 49.10 crore during the same period of previous fiscal.
Net sales of the company rose to Rs 579.02 crore for the first quarter, compared to Rs 570.31 crore during the same period of previous year, SKF India said in a statement.
Commenting on the results, SKF India Managing Director and Country Head Shishir Joshipura said the challenges in the economy remained unaltered pushing businesses to find optimised ways of working.
SKF India shares today ended at Rs 1,424.60 apiece on the BSE, down 0.41 per cent from previous close.
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