ECONOMY

SKF India Q4 Review – Decent Performance; Margins Remain Buoyant: 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.

SKF India Ltd. reported a strong Q4 FY21 performance, which was broadly in line with our estimates for the quarter.

Sequentially, the margin profile seems to have cooled off (base being exceptionally high) but they still remain buoyant with respect to the larger picture.

The company also announced a final dividend of Rs 14.5 per share during the quarter.

Revenue for the quarter came in at Rs 847.5 crore, up 38.9% YoY and 3.5% QoQ (versus our estimate of Rs 874 crore).

Buoyant auto retails during Q4 and industrial pick-up aided the performance.

Click on the attachment to read the full report:

ICICI Direct SKF India Q4FY21 Result Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint 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 BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
reporterwings Governmental News Finance News

Source link

Back to top button