SKF India saw its stock rise more than 3% in early trade today after the company posted a steady and encouraging set of Q2 numbers. The market reacted positively to the improvement in profitability, even though revenue growth remained moderate.
The company reported a 5.2% YoY rise in consolidated revenue, which came in at ₹1,309 crore compared with ₹1,244 crore last year. The bigger boost, however, came from its operating performance. EBITDA surged 34.1% YoY to ₹166 crore against ₹123.5 crore, reflecting stronger execution and better cost control. The operating margin improved noticeably to 12.7% from 9.9%, marking one of the key highlights of the quarter.
Net profit also moved up 12% YoY to ₹105 crore versus ₹94.2 crore, showing that the bottom line benefited from the healthier margin profile.
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