Auto Parts & Equipments firm Schaeffler India announced results for the quarter ended December 31, 2022: Q4CY22: Total revenue from operations (net) for the quarter (Q4CY22) was Rs 17,947 million, higher by 17.8% than the corresponding quarter of 2021 and 2.2% higher than the preceding quarter (Q3CY22) PBT (before exceptional items) for the quarter (Q4CY22) was Rs 3,096 million, 20.5% higher than the corresponding quarter of 2021 and 6.9% higher than the preceding quarter (Q3CY22). PBT margin for the quarter stood at 17.2%, compared to 16.9% during the corresponding quarter of 2021. Net Profit for the quarter was Rs 2,310 million and the net profit margin stood at 12.9% CY22: Total revenue from operations (net) for the year was Ra 68,674 million, higher by 23.5% than the corresponding period of 2021. PBT (before exceptional items) for the year was Rs 11,621 million, higher by 37.8% than the corresponding period of 2021. Net profit for the year was Rs 8,792 million and the net profit margin stood at 12.8%. The Board of Directors of the company has recommended a dividend for the year ended December 31, 2022 at the rate of Rs 24 per equity share of face value Rs 2 each. Commenting on the results, Mr. Harsha Kadam, Managing Director, 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. Our annual results for the year were aided by trajectory of wins across our businesses and focus on opertaional efficieny, reflecting our commitment on customer centricity, innovation and agility. As we enter 2023, we stand by our commitment to enhance stakeholder value by working on both our financial and non financial metrics. We wish to thank all our stakeholders for reposing the confidence and continued support.“ Result PDF