{"id":668,"date":"2024-05-13T16:34:47","date_gmt":"2024-05-13T11:04:47","guid":{"rendered":"https:\/\/carsecar.com\/?p=668"},"modified":"2024-05-13T16:34:47","modified_gmt":"2024-05-13T11:04:47","slug":"skf-india-announces-financial-results-for-q4-fy2023-24","status":"publish","type":"post","link":"https:\/\/carsecar.com\/index.php\/2024\/05\/13\/skf-india-announces-financial-results-for-q4-fy2023-24\/","title":{"rendered":"SKF India\u00a0announces financial results\u00a0for\u00a0Q4\u00a0FY2023-24"},"content":{"rendered":"\n<p>SKF India has disclosed its financial performance for the fourth quarter of the fiscal year 2023-24. The Board of Directors of SKF India Limited, a leading technology and solutions provider in bearings, units, condition monitoring, and services, has approved the unaudited financial results for the quarter ending March 31, 2024.<\/p>\n\n\n\n<p>The key financial highlights are summarized as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Company&#8217;s revenue from operations for the quarter amounted to 12,034, compared to 10,947 in the corresponding period of the previous year.<\/li>\n\n\n\n<li>The Profit Before Tax (PBT) for the quarter stood at 2,292, reflecting a significant increase from 1,696 in the previous year.<\/li>\n<\/ul>\n\n\n\n<p>Mukund Vasudevan, Managing Director of SKF India Limited, commented on the results, noting, &#8220;Despite facing challenges in the external environment, we achieved notable revenue growth, marked by a 10% increase in revenue and a substantial 35% rise in PBT year-over-year. Our resilient supply chain, coupled with a focus on operational enhancements and productivity improvements, enabled us to meet customer demands and generate value for our shareholders.&#8221;<\/p>\n\n\n\n<p>He further added, &#8220;We remain committed to advancing our intelligent and sustainable growth strategy, emphasizing operational efficiency and investments for sustained and profitable growth while transitioning towards a net-zero future. Our dedication to maintaining long-term growth momentum, consistent strategy execution, and value creation for all stakeholders remains unwavering.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SKF India has disclosed its financial performance for the fourth quarter of the fiscal year 2023-24. The Board of Directors of SKF India Limited, a leading technology and solutions provider in bearings, units, condition monitoring, and services, has approved the unaudited financial results for the quarter ending March 31, 2024. The key financial highlights are [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":["post-668","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SKF India\u00a0announces financial results\u00a0for\u00a0Q4\u00a0FY2023-24 - carsecar.com<\/title>\n<meta name=\"description\" content=\"SKF India\u00a0announces financial results\u00a0for\u00a0Q4\u00a0FY2023-24\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/carsecar.com\/index.php\/2024\/05\/13\/skf-india-announces-financial-results-for-q4-fy2023-24\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SKF India\u00a0announces financial results\u00a0for\u00a0Q4\u00a0FY2023-24 - 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