SKF India

** Shares of SKF India SKFB.NS up 4.4% to 4,829 rupees

** Co said over the next three years, core profit margins for automotive and industrial businesses to stay in ranges of 17%-19% and 16%-18%, respectively

** Over the next five years - 3.5 bln rupees ($41 mln) to 4.5 bln rupees capex planned to expand channels - SKFB

** Capex for new plant at 4.5 bln rupees to 5 bln rupees - SKFB

** Trading vols 242,000 shares vs 30-day avg of 61,000 shares

** YTD stock had risen ~8%

($1 = 85.5140 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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Dec 26 (Reuters) - SKF India Ltd SKFB.NS:

• SKF INDIA LTD - TO DEMERGE INDUSTRIAL BUSINESS

• SKF INDIA - SCHEME TO CREATE TWO LISTED COMPANIES WITH MIRROR SHAREHOLDING

• SKF INDIA -RESULTING CO SHALL ISSUE 1 SHARE FOR EVERY SHARE HELD IN DEMERGED CO

Source text: ID:nBSE5S5B7X

Further company coverage: SKFB.NS

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Nov 13 (Reuters) - SKF India Ltd SKFB.NS:

• SEPT-QUARTER CONSOL PROFIT 941.9 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 12.44 BILLION RUPEES

Source text: ID:nBSEc8tLbf

Further company coverage: SKFB.NS

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** Shares of NRB Bearings Ltd NBEA.NS jump 8.1% to 299.90 rupees

** Stock set for their best day since May 21, 2024

** Bearings maker's Sept-qtr profit jumps 47% to 352.6 million rupees ($4.2 million), with sales rising 8%, outpacing a 5.5% rise in expenses

** More than 880,000 shares traded, 5.1x the 30-day avg volume

** Last month, larger rival Schaeffler India SCHE.NS reported a higher profit on strong demand from two-wheeler manufacturers

** NBEA trims YTD losses to 11% but lags larger rivals SCHE's 9% rise and SKF India's SKFB.NS 10% climb this year

($1 = 84.3540 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of SKF India SKFB.NS gain as much as 6.3% to 5,492.60 rupees, its biggest intraday rise since June 14

** Co approves to demerge its automotive and industrial businesses; details of the demerger to be decided later

** Move follows parent AB SKF's SKFb.ST decision to separately list automotive business of the group to accelerate growth, improve efficiency

** SKF India last up 4%, taking YTD gains to 17% vs 22% rise in Nifty 500 index .NIFTY500

(Reporting by Nishit Navin in Bengaluru)

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Oct 8 (Reuters) - SKF India Ltd SKFB.NS:

• APPROVED EVALUATION, SELECTION OF DEMERGER OF INDUSTRIAL BUSINESS

• APPROVED INCORPORATION OF WHOLLY OWNED SUBSIDIARY

Source text for Eikon: ID:nBSE9B1rGH

Further company coverage: SKFB.NS

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Sept 17 (Reuters) - SKF India Ltd SKFB.NS:

• SKF INDIA LTD - SKF INITIATES A SEPARATION OF ITS AUTOMOTIVE BUSINESS

• SKF INDIA- SEPARATION OF AUTOMOTIVE BIZ WITH OBJECTIVE OF SEPARATE LISTING ON NASDAQ STOCKHOLM

Source text for Eikon: ID:nBSEzqGJ2

Further company coverage: SKFB.NS

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** Shares of SKF India SKFB.NS rise as much as 11.6% to 5,100 rupees, its highest level since November 2023

** Stock posts biggest intraday pct gain since November 2021

** The automotive bearing maker on Wednesday reported a 42.5% Y/Y jump in March-qtr consolidated profit to 1.75 bln rupees ($21 mln)

** Revenue from operations rose 9.9% Y/Y

** More than 398,000 shares change hands by 10:43 a.m. IST, 10.9x 30-day avg; busiest day yet since Sept. 2021

** Including session's gain, stock up 7.6% YTD

($1 = 83.4700 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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May 8 (Reuters) - SKF India Ltd SKFB.NS:

• SKF INDIA LTD - DIVIDEND OF 130 RUPEES PER SHARE

• SKF INDIA LTD MARCH-QUARTER CONSOL PROFIT 1.75 BILLION RUPEES VERSUS 1.23 BILLION RUPEES

• SKF INDIA LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 12.03 BILLION RUPEES VERSUS 10.95 BILLION RUPEES

Source text for Eikon: ID:nNSEbLQXNb

Further company coverage: SKFB.NS

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** Kotak Institutional Equities upgrades Indian bearing makers Schaeffler India SCHE.NS, SKF India SKFB.NS, Timken India TIMK.NS to "add" from "sell"

** Upgrade on the back of 15%-20% decline in stock prices over past three months, expectations of recovery in export, domestic railways and aftermarket segments from second half of CY24

** Says, strong growth in railways segment, demand recovery in industrial segments, inventory correction by end-consumers to lead export market demand recovery

** Domestic railway market well-positioned to benefit over next three years led by higher govt capex spends - Kotak

** Says, replacement segment to be growth driver on shift from counterfeit bearings to branded bearings, product expansion

** SCHE and TIMK posted Dec-qtr profit drops, while SKFB's profit rose 1.4% Y/Y

** SKFB rated "buy" on avg, SCHE and TIMK rated "hold" - LSEG data

** Shares of SCHE, TIMK, and SKFB up between 1.2% and 2% on Thursday

(Reporting by Varun Vyas in Bengaluru)

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BENGALURU, Feb 16 (Reuters) - Auto components maker Schaeffler India SCHE.NS reported a nearly 6% fall in fourth-quarter profit on Friday, as expenses rose.

The drop in bottomline of the bearings company mirrors smaller peer Timken India's TIMK.NS drop in quarterly profit.

Schaeffler India's profit was 2.17 billion rupees (about $26 million) for the quarter ended Dec. 31, compared with 2.31 billion rupees a year earlier. This was its first profit decline after 13 quarters of growth.

Its automotive technologies division, which develops precision products for passenger and commercial vehicles, and accounts for a bulk of the revenue, rose 9.3%.

The company's raw material costs jumped 15.2% amid higher prices of some metals, including steel, leading to a 5.4% rise in total expenses.

Revenue grew 3.4% to 18.55 billion rupees, the slowest in 14 quarters, according to LSEG data. The company's revenue growth has been slowing over the last few quarters.

It recommended a dividend of 26 rupees per share for the year ended Dec. 31, 2023.

Shares of Schaeffler India closed 1.4% higher ahead of the results.

($1 = 82.9840 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru; Editing by Mrigank Dhaniwala)

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SKF India Ltd SKFB.NS:

• SKF INDIA LTD- INCREASE IN IMPORT COSTS ADVERSELY IMPACTED MARGINS

Source text for Eikon: ID:nBSE3XDJNv

Further company coverage: SKFB.NS

** Shares of SKF India SKFB.NS rise as much as 3.21% to 5,255.95 rupees

** ICICI Direct reiterates "buy" on the bearings, seals and lubrication systems manufacturer

** Target price raised to 6,400 rupees from 5,215 rupees, an implied upside of 25% over last close

** SKFB's focus on high-growth segments such as electric vehicles, renewable energy, railways and minutes to aid profitability - ICICI

** Adds rising localisation, new product offerings to improve SKFB's overall margins

** SKFB well placed to ride strong demand cycle in domestic bearings market: ICICI Direct

** Avg rating of eight analysts close to equivalent of 'hold;' median PT it is 5,375 rupees - Refinitiv

** Stock up 16.2% in 2023 so far, including today's gains

(Reporting by Bharath Rajeswaran in Bengaluru)

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Aug 2 (Reuters) - SKF India Ltd SKFB.NS:

• SKF INDIA LTD JUNE-QUARTER CONSOL PROFIT 1.54 BILLION RUPEES VERSUS PROFIT 1.29 BILLION RUPEES

• SKF INDIA LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 11.50 BILLION RUPEES VERSUS 10.55 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: SKFB.NS

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May 17 (Reuters) - SKF India Ltd SKFB.NS:

• RECOMMEND FINAL DIVIDEND OF 40 RUPEES PER SHARE

• MARCH-QUARTER CONSOL PROFIT 1.23 BILLION RUPEES VERSUS PROFIT 1.09 BILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 10.95 BILLION RUPEES VERSUS 10.39 BILLION RUPEES

• RE-APPOINTS MANISH BHATNAGAR AS MANAGING DIRECTOR

Source text for Eikon: ID:nBSE46z9MJ

Further company coverage: SKFB.NS

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** Shares of Mukand Ltd MUKA.NS reverse gains of 7.65% and fall as much as 2.69% to 128.50 rupees after reporting operating loss in March quarter

** The alloy steel products maker reports net profit that more than doubled Y/Y in Q4 to 1.25 bln rupees, but the rise in net profit was predominantly due to other income of 5.52 bln rupees nFWN37D0XF

** Revenue from operations fell marginally to 13.12 bln rupees in the March quarter, compared to 13.29 bln rupees in the corresponding quarter a year ago

** MUKA reports operating loss (core loss) of 3.79 bln rupees in Q4 compared to core profit of 849.6 mln rupees Y/Y

** Also recommends a dividend of 2 rupees/share, subject to shareholder approval

** Stock is most active in more than four months, with trading volume at 1.79 mln shares as of 3:15 p.m. IST, 14 times the 30-day avg - Refinitiv data

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Kotak Mahindra Bank KTKM.NS, Hero MotoCorp HROM.NS, L&T Technology Services LTEH.NS, Tata Chemicals TTCH.NS and Pidilite Industries PIDI.NS were among top key additions by some of the Indian insurance houses in April, Nuvama Alternative & Quantitative Research says

** SBI Life SBIL.NS, Atul Ltd ATLP.NS, Infosys INFY.NS, SKF India SKFB.NS, and Titan Company TITN.NS were top cuts, brokerage says in a note

** Adds, some insurance funds completely exited stocks like Global Health GLOH.NS, Tata Chemicals TTCH.NS, Aarti Industries ARTI.NS, ICICI Prudential Life Insurance Company ICIR.NS

** Insurers bought Kotak Mahindra Bank to the tune of 2.79 bln rupees ($34.1 mln) and 2.24 billion rupees in Hero Motocorp stock - Nuvama

** Insurance funds sold 3.06 bln rupees of shares in SBI Life, 1.45 bln rupees in Infosys and 1.31 bln rupees worth Titan Co

** Kotak Mahindra Bank shares jumped about 12% in April vs a 6.5% rise in bank index .NSEBANK, while Hero stock added 9% vs a 7.7% increase in auto index .NIFTYAUTO.

** Shares of Infosys dropped over 12% in April and Titan climbed 5.1%

($1 = 81.7800 Indian rupees)

(Reporting by Manvi Pant in Bengaluru and Nallur Sethuraman in Mumbai)

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April 3 (Reuters) - SKF India Ltd SKFB.NS:

• TO ACQUIRE 26% STAKE IN CLEANMAX TAIYO

Source text for Eikon: ID:nBSEbFyRtT

Further company coverage: SKFB.NS

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