• OUTLOOK ARENA
  • VIEWS ON NEWS
  • APRIL 28, 2000

SKF Bearings India Ltd, 4QFY00 operating margins improve

SKF Bearings Ltd has reported a net profit of Rs 34 m in the 4QFY00. The company's sales have grown by 12.2%, as a result of the pick up in the automobile industry.

As a result the company's operating margins jumped to 20.4% in 4QFY00 as expenses grew by only 7.7% YoY.

However due to high interest and depreciation costs and lower other income the profit before tax fell by 15.6% YOY in the 4QFY00.

(Rs m) 4QFY99 4QFY00 Change
Sales 823 923 12.2%
Other Income 33 24 -27.3%
Expenditure 686 735 7.1%
Operating Profit (EBDIT) 137 188 37.2%
Operating Profit Margin (%) 16.6% 20.4%  
Interest 53 72 35.8%
Depreciation 72 102 41.7%
Profit before Tax 45 38 -15.6%
Other Adjustments -137 0 NM
Tax -2 4 NM
Profit after Tax/(Loss) (90) 34 NM
Net profit margin (%) NM 3.7%  
Earnings per share - 54.0  
(annualised)      

Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

Equitymaster Agora Research Private Limited (Research Analyst)
103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407