SKF India Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 17, 2023 at 05:12 am EDT
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SKF India Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 10,946.9 million compared to INR 10,390.1 million a year ago. Revenue was INR 11,144.6 million compared to INR 10,411.5 million a year ago. Net income was INR 1,229.3 million compared to INR 1,094.8 million a year ago. Basic earnings per share from continuing operations was INR 24.9 compared to INR 22.1 a year ago. Diluted earnings per share from continuing operations was INR 24.9 compared to INR 22.1 a year ago.
For the full year, sales was INR 43,049.2 million compared to INR 36,658.9 million a year ago. Revenue was INR 43,567.9 million compared to INR 37,005.1 million a year ago. Net income was INR 5,248.8 million compared to INR 3,949.6 million a year ago. Basic earnings per share from continuing operations was INR 106.2 compared to INR 79.9 a year ago. Diluted earnings per share from continuing operations was INR 106.2 compared to INR 79.9 a year ago.
SKF India Limited is an India-based company that is primarily engaged in supplying products solutions and services within rolling bearings, seals, mechatronics, and lubrication systems. The Company operates through the Bearings segment. Its products include Rolling bearings, Mounted bearings and housings, Super-precision bearings, Slewing bearings, Plain bearings, Magnetic bearings and systems, Thin section bearings, Industrial seals, Automotive seals, Lubrication management, Maintenance Products, Condition monitoring systems and others. It serves various industries, including Aerospace, Agriculture, Automotive, Construction, Food and beverage, General machinery, Machine tools, Marine, Material handling and others. The Companyâs manufacturing facilities are located at Pune, Bangalore & Haridwar. Its manufacturing units in Pune, Bengaluru and Haridwar cater to automotive and industrial sectors near the industrial corridors of Northern and Peninsular India.
SKF INDIA LIMITED 
