SKF India Ltd Sees Profits Rev Up with 5% Growth

SKF India Ltd reported a 5% increase in standalone profit after tax to Rs 94.32 crore in the July-September quarter. Revenue from operations rose to Rs 1,244.23 crore, compared to Rs 1,125.21 crore in the same period last year, showcasing strong growth for the auto parts maker.

SKF India Ltd, a prominent auto parts manufacturer, has posted a notable 5% increase in its standalone profit after tax for the quarter spanning July to September. The company reported a profit of Rs 94.32 crore, up from Rs 90.22 crore in the previous year.

The revenue from operations for SKF India Ltd also showed positive momentum, rising to Rs 1,244.23 crore during this period, compared to Rs 1,125.21 crore from the year prior.

These financial results, revealed in an exchange filing, underline the company's steady growth trajectory within the automotive industry, bolstering investor confidence and economic prospects.

(With inputs from agencies.)