New Delhi, Feb. 13 -- Bearings manufacturer SKF India Ltd on Thursday reported 17% year-on-year (YoY) decline in consolidated net profit to Rs 109.5 crore in October-December quarter (Q3) of the current financial year 2024-25.
The company had posted a profit of Rs 132.1 crore in the Q3 of the previous financial year 2023-24.
SKF's revenue from operations however rose 15% year-on-Year in the December quarter of the current fiscal to Rs 1,256.1 crore as compared to Rs 1091.9 crore in the corresponding period of the previous financial year.
Speaking on the company's business performance, Mukund Vasudevan, Managing Director, SKF India Limited, said, "We delivered excellent revenue growth in Q3 2024. Overall, while SKF India Ltd. grew by 15%,...