SKF India Reports Rs 49,199 Mn Revenue in FY25

22 May 2025 CW Team

SKF India Limited announced its unaudited financial results for the fourth quarter and audited financials for the fiscal year ending 31 March 2025. Consolidated revenue from operations for FY25 stood at Rs 49,199 million, an increase of 8 per cent over Rs 45,701 million in the previous year.

Profit before tax (PBT) rose 4 per cent year-on-year to Rs 7,632 million. For Q4 FY25, consolidated revenue was Rs 12,134 million, reflecting a 1 per cent growth compared to the same quarter last year. PBT for the quarter increased 20 per cent to Rs 2,757 million.

SKF India’s performance was driven by strong demand across sectors, expansion of local manufacturing, and accelerated digitalisation. The company also focused on sustainability initiatives aligned with global standards.

The company is in the process of demerging its industrial business into two independent entities to improve efficiency and accelerate growth. The scheme has received in-principle approval from stock exchanges and is awaiting National Company Law Tribunal approval.

SKF, founded in 1907, operates in approximately 130 countries, offering solutions in bearings, seals, lubrication management, condition monitoring, and related services.

Source:SKF India Limited Press Release

Infrastructure Urban

13 Oct 2025

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..

UPI Crosses 500 Million Users, Fuels MSME and Digital Growth

The Unified Payments Interface (UPI) has achieved a new milestone, surpassing 500 million consumers and 65 million merchants across India. The platform, developed by the National Payments Corporation of India (NPCI), has expanded its reach to nearly 99 percent of the country’s pin codes, underlining its deep penetration into both urban and rural markets. According to a report by NPCI and the Boston Consulting Group (BCG) launched during the Global Fintech Fest 2025, UPI has evolved from being a digital payments mechanism into a key enabler of financial inclusion and small business growth. I..