SKF India Ltd.’s net sales for the second quarter ended June 2014 amounted to Rs. 5,926 million, registering a growth of six per cent over the corresponding quarter of the previous year and four per cent as compared to the immediately preceding quarter. Profit before tax for the second quarter amounted to Rs. 819 million, registering a growth of 19 per cent over the corresponding quarter of the previous year and nine per cent over the immediately preceding quarter.
Commenting on the performance, Mr. Shishir Joshipura, Managing Director, SKF India, said: “The demand side of the economy continues to face challenges of high inflation, delayed monsoon and global uncertainty amidst a changing sentiment of better future. Our focused efforts at improving operational efficiencies and forging deeper ties with our customers enabled us to deliver a steady performance in a challenging business environment.”