SKF India shares surged over 7% today, May 9, in the morning trading session after the company reported positive fourth-quarter earnings.
Q4 Earnings
The net profit of SKF India rose 42.54% to Rs 175.23 crore in the quarter ended March 2024, compared to Rs 122.93 crore during the previous quarter ended March 2023. Sales increased by 9.93% to Rs 1203.40 crore in the quarter ended March 2024, compared to Rs 1094.69 crore during the previous quarter ended March 2023.
For the full year, net profit rose 5.13% to Rs 551.80 crore in the year ended March 2024, compared to Rs 524.88 crore during the previous year ended March 2023. Sales increased by 6.16% to Rs 4570.13 crore in the year ended March 2024, compared to Rs 4304.92 crore during the previous year ended March 2023.
As of 11:25 am the shares were trading 7.21% higher at ₹4,901.00 on NSE
