Auto parts company Schaeffler India announced Q2FY23 results: Q3CY22: Total revenue from operations (net) for the quarter (Q3CY22) was Rs 17,564 million, higher by 18.1% than the corresponding quarter of 2021 and 0.4% higher than preceding quarter (Q2CY22) PBT (before exceptional items) for the quarter (Q3CY22) was Rs 2,896 million, 26.1% higher than the corresponding quarter of 2021. PBT margin for the quarter stood at 16.5%, compared to 15.4% during the corresponding quarter of 2021 Net Profit for the quarter was Rs 2,154 million and net profit margin stood at 12.3% compared to 11.5% during the corresponding quarter of 2021 9MCY22: Total revenue from operations (net) for the nine months was Rs 50,728 million, higher by 25.6% than the corresponding period of 2021 PBT (before exceptional items) for the year was Rs 8,525 million, higher by 45.4 % than the corresponding period of 2021. PBT margin for the nine months stood at 16.8%, compared to 14.5% during the corresponding period of 2021 Net profit for the period was Rs 6,482 million and net profit margin stood at 12.8% compared to 10.9% during the corresponding period of 2021 Result PDF
Auto Parts & Equipment firm Schaeffler India Announced Q1FY23 Result : Record revenues with strong development across all businesses Executed the Business Transfer Agreement with CATENSYS India Private Limited for the sale of the chain drive business of the Company 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 to 10.4% during the corresponding quarter of 2021 Total revenue from operations (net) for the six months was INR 33,163 million, higher by 30.1% than the corresponding period of 2021 PBT (before exceptional items) for the year was INR 5,629 million, 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 4,329 million 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." Result PDF