SKF India Ltd registers Sales of INR 5337 million in Q3 2012

2012 October 23, 16:53 IST

Profits for the quarter stand at INR 453 million

 

The Board of Directors of SKF India Limited, India’s leading technology and solutions provider of bearings, seals, lubrication systems, mechatronics and services, today approved the unaudited financial results for the third quarter ended September 30, 2012.

 

The financial highlights are as given below:

 

·        Sales for the 9 month period ending at September 30, 2012 stood at INR 16908 million while profits for the same period stood at INR 1579 million

·        Net Sales for the third quarter ended September 2012 amounted to INR 5337 million registering a decline of 11 % over the corresponding quarter of the previous year.

·        The Profit after tax for the quarter ended September 2012 amounted to INR 453 million showing a decline of 19% over the corresponding quarter of the previous year.

·        Earning per share for the third quarter of the current year (not annualized) is Rs 8.6 as compared to Rs 10.6 for the corresponding period of the previous year.

 

Commenting on the occasion, Mr. Shishir Joshipura, Managing Director, SKF India said, “While the prevailing macro economic environment continues to pose challenges for growth, across the entire spectrum of industry, we have focussed on working closely with our customers, and also to improve our internal processes, to align these to the external macro environment conditions”.

 

Mumbai, October 23, 2012

 

 

 

For further information, please contact:


Vijay Chaudhury                                                                        Amal Gadkari

Manager – Corporate Communications, India                           The PRactice

tel: 020 - 66112642                                                                  Tel: +91 2230008371

mobile: +91 95458 20606                                                         Mobile: +91 9022907771

e-mail:Vijay.Chaudhury@skf.com                                             e-mail:amal@the-practice.net

 

 

 

 

SKF is a leading global supplier in the areas of bearings, seals, mechatronics, services and lubrication systems. The Group's service offer includes technical support, maintenance services, engineering consultancy and training. SKF is represented in more than 130 countries and has 15,000 distributor locations worldwide. Annual sales in 2011 were SEK 66,216 million and the number of employees was 46039. www.skf.com

 

 In India, the SKF Group started its trading operations in Kolkata in 1923. Since then, the group’s operations have been consolidated into SKF India Ltd. SKF India Ltd also has associate companies called SKF Technologies (India) Pvt. Ltd. and Lincoln Helios (India) Ltd. providing Sealing solutions, Industrial bearings and Lubrication systems. The company has manufacturing plants in Bengaluru, Pune and Haridwar.




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