SKF India Ltd. (a division of SKF AB, Sweden) reported third quarter results, for the period ended September 30, 2007.

Sales for the quarter were Rs 3.87 billion (USD $98.6 million), up 14% over 2006.

The operating margin rose sharply, hitting 17.6% from 2006's 11.4%.

On that improvement, net profit jumped 92%, hitting Rs 431 million ($11 million) from 2006's Rs 224 million ($5.7 million).

SKF India Managing Director, Rakesh Makhija, said: "Our business continues to grow sharply, driven by a strong focus on our major customers and segments. Exports continue to ramp up significantly, while we drive our costs down in all areas of our operations."