SKF India March Quarter Profit Beats Estimates On Lower Costs

SKF India Ltd.'s net profit rose 16% on year to ₹2.03 billion in the March quarter, driven by lower raw material and trading costs, despite muted sales growth. Analysts had expected a net profit of ₹1.35 billion.

Revenue for the quarter rose just under 1% on year to ₹12.13 billion, while it fell over 3% sequentially. However, the bottom line nearly doubled from the December quarter.

The profit boost came largely from a fall in expenses, which declined 6% on year to ₹9.51 billion and nearly 18% sequentially from ₹11.56 billion. Cost of materials consumed dropped nearly 4% to ₹3.21 billion, while purchases of stock-in-trade were down almost 15% to ₹3.57 billion. Tax expenses rose 33% on year to ₹723.7 million.

For 2024–2025, the company's net profit rose nearly 3% on year to ₹5.66 billion, while revenue rose 8% to ₹49.20 billion. SKF India also declared a final dividend of ₹14.50 per share.