SKF India Q2FY18 standalone net profit rises 23% yoy

India Infoline Research Team | October 25, 2017 17:52 IST

SKF India Ltd Q2FY18

Standalone Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 680 [4.6]
EBITDA 111 32.1
EBITDA Margin (%) 16.3 454
Net Profit (adjusted) 74 23
***EBITDA margin change is bps
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Reco. Price

1555

Last updated on

10-Oct-2017


SKF India Ltd standalone revenue for the quarter came in at Rs. 679.8 crore, registering 4.6% yoy decline.

EBITDA for the quarter rose by 32.1% yoy to Rs. 111 crore with a corresponding margin expansion of 454 bps. EBITDA margin for the quarter stood at 16.3%. This was largely aided by positive development in purchases of stock in trade by 48% yoy to Rs.153 crore.
 
The PAT for the quarter came in at Rs. 74 crore, yoy increase of 23%. 


Technical View:

SKF India Ltd is currently trading at Rs. 1,538.50, down by 14 points or 0.9% from its previous closing of Rs. 1,552.50 on the BSE.
The scrip opened at Rs. 1,552 and has touched a high and low of Rs. 1,560 and Rs. 1,530.20 respectively. So far 4,715(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.

BSE 1,670.00 [6.80] ([0.41]%)
NSE 1,659.85 [17.50] ([1.04]%)

***Note: This is a NSE Chart

 

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