SKF India PAT up 13.5%

Chennai: Technology and solutions provider SKF India Limited has announced the audited financial results for the year ended 31 March.

The firm’s revenue from operations of the company stood at Rs 30,345 million as compared to Rs 28,048 million in the previous year.

The profit after tax (PAT) for the period amounted to Rs 3,357 million compared to Rs 2,960 million during the previous year, registering a growth of 13.5 per cent. The Board has recommended a dividend of Rs 12 (120 per cent) per share.

MD, SKF India, Manish Bhatnagar, said, “In a year marked by a slowing growth in the economy and a distinct slowdown in the manufacturing and automotive sectors, SKF India has shown a steady growth due to our continued focus on working extremely closely with our customers with advanced, technology-driven and customized solutions that help them improve their performance. We remain optimistic of India’s inherent potential and continue to invest in the country to harness the growth opportunities it presents.”