Conference Call with Schaeffler India Management and Analysts on Q4CY24 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Schaeffler India Management and Analysts on Q3CY24 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Schaeffler India Management and Analysts on Q2CY24 Performance and Outlook. Listen to the full earnings transcript.
Auto Parts & Equipment company Schaeffler India announced Q2CY24 & H1CY24 results: Q2CY24 Financial Highlights: Revenue from operations (net) for the quarter(Q2CY24) was Rs 20,719 million, 13.3% higher than the corresponding quarter of 2023 and 12.0% higher than preceding quarter (Q1CY24) PBT (before exceptional items) for the quarter (Q2CY24) was Rs 3,399 million, 6.9% higher than the corresponding quarter of 2023. PBT margin for the quarter stood at 16.4%, compared to 17.4% during the corresponding quarter of 2023 and 16.5% during the preceeding quarter Net Profit for the quarter was Rs 2,535 million and net profit margin stood at 12.2% H1CY24 Financial Highlights: Revenue from operations (net) for the six months period was Rs 39,212 million, higher by 11.3% than the corresponding period of 2023 PBT (before exceptional items) for the six months period was Rs 6,456 million, higher by 5.5% than the corresponding period of 2023. PBT margin for the six months stood at 16.5%, compared to 17.4% during the corresponding period of 2023 Net profit for the six months period was Rs 4,812 million and net profit margin stood at 12.3% compared to 13.0% during the corresponding period of 2023 Commenting on the results, Harsha Kadam, Managing Director and Chief Executive Officer, said, “Progressing further into 2024, growth accelerated for our domestic business and momentum was sustained for intercompany exports. Margins were backed by the broad-based performance across businesses and focused approach on cost management. We remain committed to deliver on our financial and operating metrics while creating long-term value for our stakeholders with an unwavering commitment to our environment, social and governance framework.“ Result PDF