New Delhi: The Board of Directors of SKF India Limited, a leading technology and solutions provider of bearings and units, condition monitoring and services, Monday revealed its financial results for the quarter and period ended March 31, 2024.
Revenue from operations of the company for the quarter was at INR 1203.4 crore as compared to INR 1094.7 crore in the previous year, the company said in a media release. The Profit Before Tax (PBT) for the quarter was INR 229.2 crore compared to INR 169.6 crore during the previous year, the release added.
Mukund Vasudevan, Managing Director, SKF India Limited, said, “Despite the challenging external environment, we succeeded in delivering an impressive revenue growth, achieving a 10% increase in revenue with a 35% increase in PBT year-over-year. Resilient supply chain along with our focus on operational improvements and productivity enhancements enabled us to meet the customer needs and deliver value for our shareholders.”
“We continue to keep advancing our intelligent and clean growth strategy to focus on overall operational efficiency and investing for sustained and profitable growth, while enabling the transition to net zero. We remain committed to sustain long term growth momentum, consistent strategy execution across the business and create value for all our shareholders,” he added.
