SKF India Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- SKF India Ltd reported a 2.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 16.8%.
- Its expenses for the quarter were up by 1.4% QoQ and 23.2% YoY.
- The net profit increased 16.3% QoQ and decreased 17.1% YoY.
- The earnings per share (EPS) of SKF India Ltd stood at 22.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1303.61 | 1267.70 | 1115.99 | 2.8% | 16.8% |
Total Expenses | 1156.40 | 1140.67 | 938.96 | 1.4% | 23.2% |
Profit Before Tax | 147.21 | 127.03 | 177.03 | 15.9% | -16.8% |
Tax | 37.56 | 32.69 | 44.84 | 14.9% | -16.2% |
Profit After Tax | 109.50 | 94.19 | 132.16 | 16.3% | -17.1% |
Earnings Per Share | 22.10 | 19.10 | 26.70 | 15.7% | -17.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
SKF India Ltd is a prominent player in the bearing manufacturing industry, offering a wide range of products and solutions designed to enhance equipment reliability and performance across various sectors, including automotive, aerospace, and industrial applications. SKF India is part of the global SKF Group, which is one of the leading suppliers of bearings, seals, lubrication systems, and services. The company is known for its strong focus on innovation and sustainability, providing value-driven solutions to its customers. As per the latest available data, SKF India continues to maintain a significant presence in the Indian market, contributing to the overall growth and technological advancement in the engineering sector. Any recent developments specific to the company are not available in the data provided.
Revenue
In the third quarter of the financial year 2025 (Q3FY25), SKF India Ltd reported a total income of ₹1303.61 crores, reflecting an increase of 2.8% from the previous quarter (Q2FY25), where the total income was ₹1267.70 crores. Year-over-year, there was a notable growth of 16.8% compared to the same quarter in the previous financial year (Q3FY24), when the total income was ₹1115.99 crores. This increase highlights the company's ability to generate higher revenues over the past year. The data indicates a consistent upward trend in revenue generation, supporting the company's ongoing operations and market strategy.
Profitability
SKF India Ltd's profitability metrics for Q3FY25 include a profit before tax of ₹147.21 crores, which shows a quarter-over-quarter increase of 15.9% from ₹127.03 crores in Q2FY25. However, when compared year-over-year to Q3FY24, the profit before tax decreased by 16.8% from ₹177.03 crores. The tax expenses for Q3FY25 were ₹37.56 crores, up 14.9% from the previous quarter and down 16.2% from the same quarter last year. The profit after tax for Q3FY25 stood at ₹109.50 crores, marking a 16.3% increase from Q2FY25 but a 17.1% decrease from Q3FY24. The earnings per share in Q3FY25 were ₹22.10, which represents a 15.7% rise from Q2FY25 and a 17.2% decline from Q3FY24. These figures reveal fluctuations in profitability over time.
Operating Metrics
The total expenses for SKF India Ltd in Q3FY25 amounted to ₹1156.40 crores, which is a 1.4% rise from the previous quarter's expenses of ₹1140.67 crores. This represents a significant year-over-year increase of 23.2% from Q3FY24 when the expenses were ₹938.96 crores. Such increases in expenses could be attributed to various operational factors, though specific reasons are not detailed in the provided data. Despite the rise in expenses, the company managed to achieve a higher quarter-over-quarter improvement in profit before tax, indicating an effective management of operational costs relative to revenue growth within the quarter. The relationship between rising expenses and revenue growth is an important area of focus in assessing the company's operational efficiency.
