SKF India report 23% fall in Q2 net profit
28th Oct 2020

SKF India has reported results for second quarter ended September 30, 2020.

The company has reported 23.16% fall in its net profit at Rs 65.02 crore for the quarter under review as compared to net profit of Rs 84.62 crore for the same quarter in the previous year. Total income of the company decreased by 7.71% at Rs 711.02 crore for Q2FY21 as compared Rs 770.42 crore for the corresponding quarter previous year.

SKF India is a leading global supplier of rolling bearing and seals. The company provides products, solutions and services in the areas of rolling bearings, seals, mechatronics, services and lubrications systems.