Industrial and automotive supplier Schaeffler India has reported that total revenue from operations (net) for Q4CY22 grew 17.8% to INR 17,947 million. It was 2.2% higher than the preceding quarter.
Harsha Kadam, Managing Director, Schaeffler India, said, “Our quarterly growth momentum continued on the back of favourable sales mix and our emphasis on deploying sustainable countermeasures to enable a strong quality of earnings while navigating the headwinds in a highly volatile environment.”
The company's net profit for the quarter was INR 2,310 million; the net profit margin stood at 12.9%, and the PBT margin was at 17.2%, compared to 16.9% during the corresponding quarter in 2021.
January – December 2022
Schaeffler India’s total revenue from operations (net) for CY22 grew by 23.5% to INR 68,674 million, while its PBT (before exceptional items) for the year was INR 11,621 million, higher by 37.8% than the corresponding period of 2021.
The company’s net profit for the year was INR 8,792 million; the net profit margin stood at 12.8%. The company's Board of Directors has recommended a dividend for the year at the rate of INR 24 per equity share of face value INR 2 each.
Kadam added that the company‘s annual results were aided by the trajectory of business wins and focus on operational efficiency.
He said, “As we enter 2023, we stand by our commitment to enhancing stakeholder value by working on both our financial and non-financial metrics.”
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