SKF India Q2 profit grows marginally at Rs 84.6 crore

Company's revenue from operations however dipped by 2.4 per cent at Rs 747.2 crore during the period under review as compared to Rs 766 crore in the same period a year ago.

New Delhi Auto component maker SKF India on Tuesday reported a marginal 0.4 per cent growth in its profit at Rs 84.6 crore for the quarter ended September 30, 2019.

The company had posted Rs 84.3 crore profit in Q2 FY'19, the company said in a regulatory filing.

Company's revenue from operations however dipped by 2.4 per cent at Rs 747.2 crore during the period under review as compared to Rs 766 crore in the same period a year ago.

In the first quarter ended June 30, 2019, the company's net profit declined 3.61 per cent at Rs 77.94 crore while the total income witnessed a 2.12 per cent rise at Rs 793.98 crore as against the same period a year ago.

The Sweden headquartered company is leading supplier of products, solutions and services within rolling bearing, seals, mechatronics, and lubrication system.