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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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