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Share the post "SKF India ‘s Q3 2024-25 Latest News: Profit Decreases by 17.15% YoY"
Highlights
🔹 The presented financial data is Consolidated to provide a comprehensive overview of the company performance. 🔹 Sales over the Year and quarter: The company experienced a substantial growth of 14.99 % in the past year, substantial increase in net sales/revenue by 0.95 %. 🔹 Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 100.63 %. Marginal increase in other income during this quarter, up by 102.43%. 🔹 Profit over the Year and quarter: Challenges in sustaining profitability for SKF India Limited. Profit dropped by -17.14 % Year to Year, SKF India Limited’s profitability increased by 16.26 % in this quarter. 🔹 EPS over the Year and quarter: EPS declined by -17.13 % Year to Year. EPS increased by 16.27 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1092.31 Cr | Rs. 1244.23 Cr | Rs. 1256.1 Cr | + 0.95 % | + 14.99 % |
| Expenses | Rs. 919.86 Cr | Rs. 1120.55 Cr | Rs. 1135.02 Cr | + 1.29 % | + 23.39 % |
| Operating Profit | Rs. 172.45 Cr | Rs. 123.68 Cr | Rs. 121.08 Cr | -2.1 % | -29.79 % |
| OPM % | 15.79 % | 9.94 % | 9.64 % | -0.3 % | -6.15 % |
| Other Income | Rs. 23.68 Cr | Rs. 23.47 Cr | Rs. 47.51 Cr | + 102.43 % | + 100.63 % |
| Interest | Rs. 0.25 Cr | Rs. 0.18 Cr | Rs. 0.15 Cr | -16.67 % | -40 % |
| Depreciation | Rs. 18.88 Cr | Rs. 20.09 Cr | Rs. 21.38 Cr | + 6.42 % | + 13.24 % |
| Profit before tax | Rs. 177 Cr | Rs. 126.88 Cr | Rs. 147.06 Cr | + 15.9 % | -16.92 % |
| Tax % | 25.33 % | 25.73 % | 25.51 % | -0.22 % | + 0.18 % |
| Net Profit | Rs. 132.16 Cr | Rs. 94.19 Cr | Rs. 109.5 Cr | + 16.25 % | -17.15 % |
| EPS in Rs | Rs. 26.73 | Rs. 19.05 | Rs. 22.15 | + 16.27 % | -17.13 % |
Today, we’re looking at SKF India Limited’s financial performance for the Q3(Dec 2024-25).Starting with the top line, the company reported a robust year-over-year sales growth of 14.99 %. However, it did see a marginal increase of 0.95 % from the previous quarter. Expenses ticked up slightly by 1.29 % quarter-on-quarter, aligning with the annual rise of 23.39 %. Operating profit, while down -29.79 % compared to last year, faced a quarter-on-quarter dip of -2.1 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -6.15 %, but a shrinkage of -0.3 % sequentially. Other income rose by 102.43 % compared to the last quarter, despite an annual growth of 100.63 %. Interest expenses dropped significantly by -16.67 % from the previous quarter, yet the year-over-year decrease remains at a moderate -40 %. Depreciation costs climbed by 6.42 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 13.24 %. Profit before tax declined annually by -16.92 % but saw an increase from the preceding quarter by 15.9 %.
Tax expenses as a percentage of profits increased slightly by 0.18 % compared to last year, with a more notable quarter-on-quarter decrease of -0.22 %. Net profit fell by -17.15 % year-on-year but experienced a 16.25 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -17.13 % but a quarterly rise of 16.27 %. In summary, SKF India Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1092.31 Cr | Rs. 1244.23 Cr | Rs. 1256.1 Cr | + 0.95 % | + 14.99 % |
| Expenses | Rs. 919.86 Cr | Rs. 1120.55 Cr | Rs. 1135.02 Cr | + 1.29 % | + 23.39 % |
| Operating Profit | Rs. 172.45 Cr | Rs. 123.68 Cr | Rs. 121.08 Cr | -2.1 % | -29.79 % |
| Net Profit | Rs. 132.16 Cr | Rs. 94.19 Cr | Rs. 109.5 Cr | + 16.25 % | -17.15 % |
| EPS in Rs | Rs. 26.73 | Rs. 19.05 | Rs. 22.15 | + 16.27 % | -17.13 % |
In reviewing SKF India Limited’s 2024-25(Q3) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 14.99 % year-on-year growth, however, there was a minor increase of 0.95 % from the previous quarter. Expenses rose by 23.39 % compared to the previous year, with a 1.29 % increase quarter-on-quarter. Operating Profit dropped by -29.79 % annually, and saw a -2.1 % decrease from the last quarter.
Net Profit showed yearly decrease of -17.15 %, and experienced a 16.25 % increase from the previous quarter. Earnings Per Share (EPS) fell by -17.13 % annually, however rose by 16.27 % compared to the last quarter. In essence, while SKF India Limited faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
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