SKF India announces financial results for the quarter and year ended December 2011

2012 March 26, 16:26 CET

SKF India net sales crosses INR 24 billion; FY11 revenues grow by 17%


The Board of Directors of SKF India Limited, India's leading technology and solutions provider of bearings, seals and related products and services, today approved the Audited Financial Results for the year ended December 31, 2011


Financial Highlights

  • Net Sales for the year 2011 is INR 24167 million showing a growth of 17% over the previous year.
  • The Profit after Tax for the year 2011 amounted to INR 2085 million as compared to INR 1770 million in the previous year.
  • Earning per share at the end of the year is Rs.39.5 as compared to Rs.33.6 in the previous year.
  • The Board of Directors have recommended a dividend of 75% for the year 2011.


Commenting on the occasion, Shishir Joshipura, Managing Director, SKF India Limited said,"It has been a challenging year for the economy. The rising input costs, rupee depreciation and high interest rates put pressure on margins. Under these circumstances the company recorded a steady performance for the year. We will continue our investment plans in accordance with the country's medium and long term growth outlook. SKF India Limited will continue to focus on providing value added and efficient solutions to customers to support their growth plans."


Mumbai, February 23, 2012


For further information, please contact:

Vijay Chaudhury                                                          Shripad Sukenkar

Manager -

Corporate Communications, India                                 The PRactice

Tel: 020 - 66112642                                                     Tel:  +91 22 30008371

Mobile:  +91 95458 20606                                             Mobile:  +91 9595033468

Email:                          e-mail:


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