SKF India Q1 results show revenue up from 1114.46 crores to 1172.14 crores, a 5.18% increase in growth. EPS rise from ₹24.9 to ₹31.2, up by 25.30%.
First, Let’s Begin with Quarter-on-Quarter Basis:
SKF India shared its Q1 results on Wednesday. They earned 1172.14 crores in revenue this quarter, but that’s more than the 1114.46 crores they made last quarter. The company’s growth increased by 5.18 percent when comparing the two quarters.
In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 154.42 crores, up from 122.93 crores in the previous quarter. Their quarter-to-quarter growth increased by 25.62 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹31.2, which is an increase of 25.30% from the ₹24.9 EPS in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The company made a total revenue of 1172.14 crores this year (2023), which is 10.20 percent higher than last year’s total revenue of 1063.65 crores.
This year’s PAT (Profit After Tax) is 154.42 crores, which is also 19.59% higher than last year’s PAT of 129.12 crores.
The EPS (Earnings Per Share) for this year is ₹31.2, which is 19.54% more than the EPS of ₹26.1 earned last year.
Also Read: Gujarat Gas Q1FY24 Results: Consolidated PAT Down to Rs. 215.95 Cr
SKF India Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About SKF India:
Skf Technologies (India) Private Limited was established in 1997. The company is primarily involved in the manufacturing of motor vehicle parts and accessories.
Download the Full PDF of SKF India Q1 Results: Click Here
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