Schaeffler India Limited Announces Q2 and Half Year Results 

Leading industrial and automotive supplier, Schaeffler India Limited (BSE: 505790, NSE: SCHAEFFLER) today announced that the Board of Directors approved the results for the second quarter and six months ended June 30, 2022

April – June 2022 (Second Quarter)

  • Total revenue from operations (net) for the quarter (Q2 CY2022) was INR 17,488 million, higher by 41.8%than the corresponding quarter of 2021 and 11.6% higher than preceding quarter (Q1 CY2022)
  • PBT (before exceptional items) for the quarter (Q2 CY2022) was INR 2,857 million, 67.4% higher than the corresponding quarter of 2021. PBT margin for the quarter stood at 16.3%,compared to 13.8% during the corresponding quarter of 2021
  • Net Profit for the quarter was INR 2,258 million and net profit margin stood at 12.9% compared to10.4% during the corresponding quarter of 2021

 January – June 2022 (Six Months)

  • Total revenue from operations (net) for the six months was INR 33,163million, higher by 30.1%  than the corresponding period of 2021
  • PBT (before exceptional items) for the year was INR 5,629million, higher by 57.8% than the corresponding period of 2021. PBT margin for the six months stood at 17.0%, compared to 14.0% during the corresponding period of 2021
  • Net profit for the year was INR 4,329million and net profit margin stood at 13.1% compared to 10.5% during the corresponding period of 2021

Commenting on the results, Mr. Harsha Kadam, Managing Director, said, “ We have progressed well in the first half of the year backed by our strong quarterly performance and are on course despite the ongoing  global macroeconomic headwinds. The growth momentum is backed by our diversified portfolio and steady business wins, which enabled registering record revenues. Our focused approach on cost control and countermeasures resulted in resilient margins despite the continuing input cost pressure. This coupled with our capital management and execution capability has helped in realization of financial and operational metrics. We are cognizant of the dynamic yet challenging market conditions and striving to deliver continued performance, while remaining committed to climate protection, society and corporate governance.” 

 

 

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