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Published on 15/05/2019 5:11:00 PM | Source: Dion Global Solutions Ltd

SKF India Q4 net profit up 14.87% at Rs 82.20 cr

The company reported standalone net profit of Rs 82.20 crore for the quarter ended March 31, 2019 as compared to Rs 71.56 crore in the same period last year, registering a year-on-year growth of 14.87 per cent. Net revenue of the company rose moderately by 6.37 per cent at Rs 748.44 crore in January-March quarter of this fiscal as against Rs 703.64 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 6.68 per cent to Rs 637.45 crore from Rs 597.51 crore in year ago period.

Other Income grew by 55.02 per cent at Rs 29.16 crore versus (Mar'18 Rs 18.81 crore). Operating Profit surged by 4.58 per cent to Rs 110.99 crore as against Rs 106.13 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.66 per cent in March quarter. Interest grew by 7.06 per cent y-o-y to Rs 1.82 crore, while Taxation increased by 11.01 per cent at Rs 44.58 crore (Mar'18 Rs 40.16 crore).