Below are the financial statements of SKF India, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of INR | 2024 | 2023 |
|---|---|---|
| Revenue from operations | 45,701.3a | 43,049.2a |
| Other income | 940.1a | 518.7a |
| Total income | 46,641.4a | 43,567.9a |
| Expenses | — | — |
| Cost of materials consumed | -11,600.7a | -10,416.9a |
| Purchases of stock-in-trade | -16,325.5a | -15,536.5a |
| Changes in inventories of finished goods, work-in-progress and stock-in-trade | -143.3a | -295.2a |
| Employee benefit expense | -3,433.7a | -2,996.3a |
| Finance costs | -12.1a | -15.1a |
| Depreciation and amortisation expense | -746a | -668.4a |
| Other expenses | -7,308.8a | -6,900.6a |
| Total expenses | -39,283.5a | -36,238.6a |
| Profit before tax | 7,357.9a | 7,329.3a |
| Share of net profit/(loss) of associates accounted for using the equity method | 0.3a | 0.9a |
| Income tax expense | — | — |
| Current tax (including tax relating to earlier years) | -1,900.4a | -2,075.7a |
| Deferred tax (credit)/ charge | -60.2a | -5.7a |
| Total tax expense | -1,840.2a | -2,081.4a |
| Profit for the year | 5,518a | 5,248.8a |
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