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Schaeffler India Ltd Q2FY24; 9% rise in Profits

Schaeffler India Ltd is engaged in the development, manufacturing and distribution of high-precision roller and ball bearings, engine systems and transmission components, chassis applications, clutch systems and related machine building manufacturing activities.

Financial Results:

Schaeffler India Ltd reported Revenues for Q2FY24 of ₹1,848.00 Crores up from ₹1,756.00 Crore year on year, a rise of 5.24%.

Total Expenses for Q2FY24 of ₹1,564.00 Crores up from ₹1,490.00 Crores year on year, a rise of 4.97%.

Consolidated Net Profit of ₹235.00 Crores up 9.3% from ₹215.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹15.03, up 9.07% from ₹13.78 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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