SKF India standalone PAT rises to ₹154.53 crore in June quarter
₹154.53 crore in three months ended June 2023. The company had reported a standalone PAT of ₹129.18 crore in Q1FY23, SKF India said in a statement.
Revenue from operations during the quarter was at ₹1,149.6 crore as compared to ₹1,054.7 crore in the same period a year ago, it said. "We reported yet another quarter of impressive growth, achieving a 9 per cent increase in revenue and an 18 per cent increase in PBT year-over-year.
Our focus on portfolio management and higher price realisation helped us offset inflationary pressures," Manish Bhatnagar, Managing Director of SKF India Ltd, said. Given the company's focus on strong cash flow momentum and driving operational efficiency, "we remain well prepared for further profitable growth in the upcoming quarters", he said.
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