However, revenue from operations jumped 15% YoY to Rs 1,256.10 crore in the quarter ended 31 December 2024. Profit before tax for the third quarter of FY25 stood at Rs 147.06 crore, registering a 16.9% decline from Rs 176.99 crore in Q3 FY24. Total expenses rose by 23.2% YoY to Rs 1,156.40 crore in the third quarter. Cost of materials consumed stood at Rs 310.60 crore (up 15.4% YoY) and employee benefit expense was at Rs 87.74 crore (up 5.58% YoY) during the period under review. On nine-month basis, the company reported a 3.7% decrease in consolidated net profit to Rs 362.63 crore on 10.1% rise in revenue to Rs 3,706.55 crore in 9M FY25 over 9M FY24. SKF India is a leading supplier of products, solutions & services within rolling bearings, seals, mechatronics, and lubrication systems. Powered by Capital Market - Live

Net profit of SKF India declined 17.14% to Rs 109.50 crore in the quarter ended December 2024 as against Rs 132.15 crore during the previous quarter ended December 2023. Sales rose 15.04% to Rs 1256.10 crore in the quarter ended December 2024 as against Rs 1091.90 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1256.101091.90 15 OPM %9.6415.76 - PBDT168.44195.87 -14 PBT147.06176.99 -17 NP109.50132.15 -17 Powered by Capital Market - Live

SKF India will hold a meeting of the Board of Directors of the Company on 12 February 2025.Powered by Capital Market - Live

The Board of SKF India at its meeting held today i.e., 26 December 2024, has approved a Scheme of Arrangement (Scheme) between the Company (SKF India or Demerged Company) and SKF India (Industrial) (SKF Industrial or Resulting Company) (a wholly owned subsidiary of the Company) and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, which provides for the demerger of the Company's Industrial Business (as defined in the Scheme) into SKF Industrial (Proposed Transaction).Powered by Capital Market - Live

The Board of SKF India will meet on 26 December 2024 to consider and approve the Scheme of Arrangement (Scheme) for Demerger between the SKF India and SKF India (Industrial), a wholly owned subsidiary of the Company and their respective shareholders and creditors, for demerger of Industrial business under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. Powered by Capital Market - Live

SKF India will hold a meeting of the Board of Directors of the Company on 26 December 2024.Powered by Capital Market - Live

SKF India will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live

Astrazeneca Pharma India Ltd, GAIL (India) Ltd, Jindal Steel & Power Ltd, Mahindra & Mahindra Financial Services Ltd are among the other stocks to see a surge in volumes on BSE today, 24 September 2024.SKF India Ltd clocked volume of 81867 shares by 10:48 IST on BSE, a 31.49 times surge over two-week average daily volume of 2600 shares. The stock gained 0.08% to Rs.5,385.25. Volumes stood at 1318 shares in the last session.Astrazeneca Pharma India Ltd witnessed volume of 14903 shares by 10:48 IST on BSE, a 22.27 times surge over two-week average daily volume of 669 shares. The stock increased 11.23% to Rs.7,504.05. Volumes stood at 602 shares in the last session.GAIL (India) Ltd witnessed volume of 34.63 lakh shares by 10:48 IST on BSE, a 8.05 times surge over two-week average daily volume of 4.30 lakh shares. The stock increased 0.11% to Rs.220.60. Volumes stood at 7.09 lakh shares in the last session.Jindal Steel & Power Ltd clocked volume of 12.68 lakh shares by 10:48 IST on BSE, a 6.14 times surge over two-week average daily volume of 2.06 lakh shares. The stock gained 2.30% to Rs.1,045.00. Volumes stood at 31842 shares in the last session.Mahindra & Mahindra Financial Services Ltd witnessed volume of 3.58 lakh shares by 10:48 IST on BSE, a 4.18 times surge over two-week average daily volume of 85751 shares. The stock dropped 1.11% to Rs.328.35. Volumes stood at 99077 shares in the last session.Powered by Capital Market - Live

The Board of Directors of SKF has decided to initiate a separation of its Automotive business with the objective of a separate listing on Nasdaq Stockholm through a Lex Asea distribution to its shareholders. The intention is to list the Automotive business on Nasdaq Stockholm during first half of 2026. Given different business dynamics, end markets and success drivers for the Industrial and Automotive business segments, a separation will facilitate a clearer focus on distinct opportunities to enhance customer value, accelerate growth as well as improve efficiency and competitiveness. A separation would increase Automotive's ability to adapt faster to transforming global automotive markets, by allowing it to make independent business decisions and investments. A more tailored, leaner Automotive business model will further strengthen its competitive advantage and capture additional profitable growth opportunities, while at the same time accelerating its profitability transformation.Powered by Capital Market - Live

Net profit of SKF India rose 2.92% to Rs 158.93 crore in the quarter ended June 2024 as against Rs 154.42 crore during the previous quarter ended June 2023. Sales rose 4.93% to Rs 1206.22 crore in the quarter ended June 2024 as against Rs 1149.60 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1206.221149.60 5 OPM %16.0517.64 - PBDT233.38225.01 4 PBT213.60207.48 3 NP158.93154.42 3 Powered by Capital Market - Live