High-precision roller & ball bearings, engine components as well as transmission systems, chassis application, clutch systems, and associated machine building manufacturing operations are some of the products that Schaeffler India Limited develops, produces, and distributes.
Financial Results:
The firm reported operating revenue of 1794.65 crore for Q3FY23, an increase of 17.8% year over year from Q3FY22’s revenue of 1523.20 crore. According to the corporation, the revenue gain was driven by exports and strong domestic performance. During the quarter, total costs increased 16.71% YoY to Rs. 1,503.35 crore from Rs. 1288.10 Cr. in the same period last year. The firm posted a profit worth 230.98 crore for the quarter that ended in December 2022 as opposed to 190.64 crore for the quarter that ended in December 2021.
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