SKF India Ltd share Price Today

About the stock: SKF India is one of the leading bearing manufacturers known for its deep groove ball bearings and has a presence across the industrial & auto sector.  Auto & industrial have been contributing 50-50% to SKF’s topline over the years, with a slight tilt on either side depending on macros  SKF boasts a debt free balance sheet, coupled with consistent RoCE & RoICs upwards of 20%

SKF reported decent Q4FY22 results.  Revenue for the quarter came in at ₹ 1039 crore (I-direct estimate of ₹ 1038.9 crore), up 22.6% YoY and 7.4% QoQ  EBIDTA margins came in at 15.3% vs. 12.7% in Q3FY22. Absolute EBIDTA came in at ₹ 159.4 crore (I-direct estimate of ₹ 139.1 crore), up 29.4% QoQ  Ensuing PAT came in at ₹ 109.5 crore (I-direct estimate of ₹ 102.6 crore) compared to ₹ 104.9 crore in Q4FY21 and ₹ 88.8 crore in Q3FY22

Industrial Goods company SKF India announced Q4FY24 results:

Financial Highlights:

• The Revenue from operations of the Company for the quarter was at Rs 12,034 as compared to Rs 10,947 in the previous year.
• The Profit Before Tax (PBT) for the quarter was Rs 2,292 compared to Rs 1,696 during the previous year. 

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.”

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