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SKF India slipped 2.80% to Rs 3,691.65 after the firm reported a 17.1% decline in consolidated net profit to Rs 109.50 crore in Q3 FY25 as against Rs 132.15 crore posted in Q3 FY24.
However, revenue from operations jumped 15% YoY to Rs 1,256.10 crore in the quarter ended 31 December 2024.
Profit before tax for the third quarter of FY25 stood at Rs 147.06 crore, registering a 16.9% decline from Rs 176.99 crore in Q3 FY24.
Total expenses rose by 23.2% YoY to Rs 1,156.40 crore in the third quarter. Cost of materials consumed stood at Rs 310.60 crore (up 15.4% YoY) and employee benefit expense was at Rs 87.74 crore (up 5.58% YoY) during the period under review.
On nine-month basis, the company reported a 3.7% decrease in consolidated net profit to Rs 362.63 crore on 10.1% rise in revenue to Rs 3,706.55 crore in 9M FY25 over 9M FY24.
SKF India is a leading supplier of products, solutions & services within rolling bearings, seals, mechatronics, and lubrication systems.
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