Results     25-Jul-19
Analysis
SKF India
Good show under the current environment
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 SKF India: Results
SKF India reported net sales of Rs 776.83 crore up by 3% YoY for June 19 quarter. Trading sales remained high during the quarter due to higher industrial sales. Auto side sales were down by around 8% while industrials grew by 11% YoY. The company grew better than the industry. OPM stood at 15.4% flat on YoY basis, which resulted in OP growth of 3% to Rs 120.02 crore. Other income was down by 24% YoY to Rs 17.15 crore and interest cost of Rs 2.63 crore resulted the PBDT fall of 2% to Rs 134.54 crore. Depreciation was up by 18% at Rs 13.86 crore, PBT was down by 4% to Rs 120.68 crore. After providing total tax of Rs 42.74 crore, down by 3%, PAT for the June 19 quarter stood at Rs 77.94 crore, down by 4% YoY.

Performance for 12 months ended Mar 19

Net sales for 12 months ended Mar 19 stood at Rs 3034.53 crore up by 10% YoY. OPM stood at 16%, up by 20 bps thus the OP growth stood at 12% to Rs 485.86 crore. Other income was up by 29% to Rs 92.38 crore. Interest cost stood at Rs 7.66 crore up by 54%. Depreciation was up by 1% to Rs 46.39 crore. After providing total tax of Rs 188.42 crore, up by 18%, PAT for 12 months ended Mar 19 stood at Rs 335.77 crore up by 13% YoY.

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