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Reduce SKF India Ltd For Target Rs.5,095 - Centrum Broking

High cost imports led to huge Gross margin erosion SKF India reported subdued set of numbers for 2QFY24 on all fronts – Revenue growth, margins and PAT growth. The numbers were substantially lower than our and consensus estimates. The highlight of the results has been whopping 830 bps YoY erosion in the gross margin to 34% (Centrum – 36.2%), the lowest since 3QFY20. This has been attributed to the increase in the import costs. Revenue up by 4.4% YoY to Rs 11,252 mn (Centrum &nd...

Reduce SKF India Ltd For Target Rs.5,095 - Centrum Broking

Source: Centrum Broking Limited
2023-11-14 12:05:59 pm

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Add SKF India Ltd For Target Rs.5,095 By Centrum Broking

Reduce SKF India Ltd For Target Rs.5,095 - Centrum Broking