SKF India Q2 net profit at Rs.40.74 Crores, up 60.90% YOY

SKF India Ltd has announced the unaudited financial results for the quarter ended June 30, 2007.

The Company has posted a net profit of Rs 407.40 million for the quarter ended June 30, 2007 as compared to Rs 253.20 million for the quarter ended June 30, 2006. Total Income has increased from Rs 3299.40 million for the quarter ended June 30, 2006 to Rs 4037.80 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.7.7 during Quarter ended June 30, 2007 compared to Rs.4.8 during Quarter ending June 30, 2006.

The stock was trading at Rs.450.95, up by Rs.21.85 or 5.09%. The stock hit an intraday high of Rs.454.40 and low of Rs.420.25. The total traded quantity was 110661 compared to 2 week average of 29179.

Source : Equity Bulls

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