Schaeffler India's Total Revenue For Q4 CY2022 Stood At Rs. 17,947 Mn With 17.8% Growth

Industrial and automotive component supplier, Schaeffler India has announced the results for the fourth quarter and full year, ended December 31, 2022

October – December 2022 (Fourth Quarter)

• Total revenue from operations (net) for the quarter (Q4 CY2022) was Rs. 17,947 million, higher by 17.8 per cent than the corresponding quarter of 2021 and 2.2 per cent higher than preceding quarter (Q3 CY2022)

• PBT (before exceptional items) for the quarter (Q4 CY2022) was Rs. 3,096 million, 20.5 per cent higher than the corresponding quarter of 2021 and 6.9 per cent higher than the preceding quarter (Q3 CY2022). PBT margin for the quarter stood at 17.2 per cent, compared to 16.9 per cent during the corresponding quarter of 2021

• Net Profit for the quarter was Rs. 2,310 million and net profit margin stood at 12.9 per cent

January – December 2022 (Twelve Month / Full Year)

• Total revenue from operations (net) for the year was Rs. 68,674 million, higher by 23.5 per cent than the corresponding period of 2021

• PBT (before exceptional items) for the year was Rs. 11,621 million, higher by 37.8 per cent than the corresponding period of 2021

• Net profit for the year was Rs. 8,792 million and net profit margin stood at 12.8 per cent

• 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, 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.“