SKF India Q3 Results Review - Other Income Spurt And Lower Tax Rate Saved The Day: Centrum Broking

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Centrum Broking Report.SKF India Ltd.'s disappointed once again on YoY revenue growth as well as on gross and Ebitda margin. However, large growth in other income and huge decline in the tax rate allowed the company to clock a YoY growth in profit after tax.Other noteworthy thing is QoQ recovery of 568 basis points in Gross margin which underscores the volatility on quarterly basis. Revenue has been lower while PAT has been higher than our and consensus estimates.The highlights of the results have been whopping 985 bps YoY decline in the tax rate to 25.3% and a huge 82% YoY spurt in the other income.This has resulted in YoY PAT growth of 13.5% to Rs 1,322 million (Centrum–Rs 1,236 million/Consensus-Rs 1,219 million).Otherwise, profit before tax registered a marginal YoY decline of 1.5%. Revenue up by 1.4% YoY to Rs 10,923 million (Centrum–Rs 11,634 million/Consensus–Rs 11,811 million)..Click on the attachment to read the full report:.Praj Industries Q3 Results Review - Robust Opportunities Across The Bio-Economy: Prabhudas Lilladher.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

SKF India Q3 Results Review - Other Income Spurt And Lower Tax Rate Saved The Day: Centrum Broking

SKF AB announced shifting of production to India in the December 2023 results call.

Choose a plan