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SKF Bearings net zooms 96%

Feb 12, 2000

SKF Bearings, the largest manufacturer of bearings in the world, has posted a marginal rise of 3.2% in sales to Rs 988 m. Net profit jumped 96% to clock Rs 94.0 m.The company's net profit margin has nearly doubled to 9.5% from 5.0% in 3QFY1999.

(Rs m) 3QFY2000 3QFY1999 Change
Sales 988.0 957.0 3.2%
Other Income 27.0 27.0 0.0%
Expenditure 800.0 761.0 5.1%
Interest 32.0 55.0 -41.8%
Depreciation 83.0 120.0 -30.8%
Profit before Tax 100.0 48.0 108.3%
Tax 60.0 -  
Profit after Tax/(Loss) 94.0 48.0 95.8%
Net profit margin (%) 9.5% 5.0%  

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