Auto Parts & Equipment company Schaeffler India announced Q2CY23 & H1CY23 results: Q2CY23: Revenue from operations (net) for Q2CY23 was Rs 18,291 million, higher by 4.6% than Q2PY22 and 8.0% higher than Q1CY23. PBT (before exceptional items) for Q2CY23 was Rs 3,180 million, 11.3% higher than Q2PY22. PBT margin for Q2CY23 stood at 17.4%, compared to 16.3% during Q2PY22 Net Profit for Q2CY23 was Rs 2,373 million and net profit margin stood at 13.0% compared to 12.9% during Q2PY22. H1CY23: Revenue from operations (net) for H1CY23 was Rs 35,228 million, higher by 6.2% than H1PY22 PBT (before exceptional items) for H1CY23 was Rs 6,122 million, higher by 8.7% than H1PY22. PBT margin for H1CY23 stood at 17.4%, compared to 17.0% during H1PY22 Net profit for H1CY23 was Rs 4,567 million and net profit margin stood at 13.0% compared to 13.1% during H1PY22 Commenting on the results, Harsha Kadam, Managing Director, said, “ We continued our growth momentum during the first half of 2023 despite certain macroeconomic challenges. A strong performance across our domestic businesses helped navigate the moderation in exports. Our trajectory of business wins and focus efforts on increasing market coverage strongly aided our performance. Volume gains and stability in input costs enabled to sustain the earnings quality. We remain cautiously optimistic while we see some signs of an uptick across key sectors. As we enter the second half of 2023, we remain committed to continuing our growth story and generating long-term value for all our stakeholders; with sustainability at the core of how we conduct the business.“ Result PDF