SKF India tanks 7%, hits over six-month low on muted Q2FY25 results

Q: How long will it take to read this news story?

The story "SKF India tanks 7%, hits over six-month low on muted Q2FY25 results" has 547 words across 21 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "SKF India tanks 7%, hits over six-month low on muted Q2FY25 results" was covered 1 weeks ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 215 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23581245</li><li>URL: https://beamstart.com/news/skf-india-tanks-7-hits-17315676722000</li></ul>

Business Standard Logo Business Standard 1w ago

SKF India tanks 7%, hits over six-month low on muted Q2FY25 results - Business Standard

Quick Summary:

Analysts at ICICI Securities said that SKF’s profitability remained muted during the quarter on account of contraction in margins due to higher trade sales and increase in others cost.

The stock corrected 38 per cent from its 52-week high level of Rs 7,349 touched on June 18. In Q2FY25, the company's profit after tax (PAT) grew 4.6 per cent year-on-year (Y-o-Y) at Rs 94.3 crore.

Despite these opportunities, the organised ball bearings market faces a notable challenge from counterfeit products, which are easily accessible at lower prices, SKF India said.