SKF India’s Q3 Margins Surprise, Bottomline Expands: ICICI Direct  
An employee measures a newly forged hot steel bearing component inside a factory. (Photographer Krisztian Bocsi/Bloomberg)

SKF India’s Q3 Margins Surprise, Bottomline Expands: ICICI Direct  


BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

SKF India Ltd. registered a handsome beat for Q3 FY21 across all parameters.

The company posted highest ever profitability led by improvement in topline and highest ever gross margins.

Revenue for the quarter came in at Rs 818.7 crore, up 15.7% YoY (versus our estimate of Rs 781 crore).

We anticipate a strong performance across the auto and industrial segment.

Gross margins came in at 46.7%, an expansion of approximately 1,230 basis points.

Click on the attachment to read the full report:

ICICI Direct SKF India Q3FY21 Result Update.pdf


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