SKF India Limited — Updates, 13-02-2025: Press Release

SKF India has released its financial results for the quarter and nine months ended December 31, 2024. The company reported revenue from operations of ₹12,561 million, reflecting a 15% increase from ₹10,919 million in the previous year. Profit Before Tax (PBT) stood at ₹1,470.6 million, down from ₹1,769.9 million a year ago.

The industrial segment experienced a remarkable growth of 23% year-over-year, while the automotive segment grew by 10%. This performance highlights SKF’s robust strategy and adaptability in a changing market landscape. The company is enhancing local manufacturing, focusing on innovation tailored to specific segments, and is committed to sustainable practices, strengthening its industry leadership. SKF continues to emphasize delivering value to customers while pursuing long-term sustainable growth for its stakeholders. Positive outlook as the company demonstrates resilience and strategic execution.