SKF India Q3 profit up 25.91 per cent to Rs 58.65 crore

SKF India today posted a 25.91 per cent increase in its net profit at Rs 58.65 crore for the third quarter ended September 30, 2014.

The company had posted a net profit of Rs 46.58 crore during the same quarter last year.

Total income from operations also increased 7.01 per cent to Rs 612.79 crore during the period under review as compared to Rs 572.64 crore a year ago, SKF India said in a BSE filing.

"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," said SKF India Managing Director Shishir Joshipura.
 

SKF is a leading technology and solutions provider of bearings, seals, lubrication systems, mechatronics and services.

Shares of the company today closed at Rs 1,094 per scrip on BSE, down 0.55 per cent from its previous close.