SKF India Ltd faced a sharp 3% drop in its stock price after reporting disappointing Q3 FY25 results. The company’s net profit declined 17.1% YoY to ₹109.5 crore, compared to ₹132.1 crore in the same period last year.
Despite a 15% YoY rise in revenue to ₹1,256 crore from ₹1,091.9 crore, the company’s operating performance weakened. EBITDA fell 34% to ₹101.9 crore, and the EBITDA margin contracted to 8.1% from 14.2% in Q3 FY24, signaling higher costs and operational challenges.
In a leadership update, SKF India announced the resignation of Manish Bhatnagar as a non-executive, non-independent director, effective February 13, 2025. The company appointed Shailesh Kumar Sharma as an additional director and whole-time director for five years, subject to shareholder approval.
SKF India shares opened at ₹3,693.60 and reached a high of ₹3,700.00 before dipping to a new 52-week low of ₹3,643.10. The stock has fallen significantly from its 52-week high of ₹7,350.00.
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