SKFINDIA

Q3 Results

SKF India reported its financial results for the third quarter of FY2023-24, ending December 31, 2023. The company achieved a total revenue of ₹1,092.31 crore, a slight decrease from ₹1,125.21 crore in the previous quarter. Operating income rose by 50.32% to ₹153.60 crore, up from ₹102.18 crore in the prior quarter. Net income before taxes increased by 45.43% to ₹177.00 crore, compared to ₹121.71 crore previously. The net income for the quarter stood at ₹132.16 crore, a 46.89% rise from ₹89.97 crore in the preceding quarter. The diluted normalized earnings per share (EPS) also saw a 46.70% increase, reaching ₹26.70 from ₹18.20.