SKF India registers sales of INR 5790 million in Q1 2015

SKF India Limited has announced that its Board of Directors has approved the unaudited Financial Results for the first quarter ended March 31, 2015 on 24th April, 2015

Financial Highlights

• Net Sales for the first quarter ended March 2015 amounted to INR 5790 million registering a growth of 1.5% over the corresponding quarter of the previous year
• The Profit before tax for the first quarter ended March 2015 amounted to INR 779 million registering a growth of 3.8 % over the corresponding quarter of the previous year

Commenting on the occasion, Mr. Shishir Joshipura, Managing Director and Country Head, SKF India said, “The challenges in the economy remained unaltered pushing businesses to find optimized ways of working.The government’s initiative to build infrastructure and push the ‘Make in India’ agenda should augur well in the near future. Our performance is a result of our focused customer centric approach amidst the volatility in the current economic environment, even as we remain cautiously optimistic of the future.”