Schaeffler India jumps ~2.5% on posting growth in Q1CY22 numbers; logs 19% yoy growth in revenue

27 Apr 2022 , 11:47 AM

Schaeffler India Limited, a leading industrial and automotive supplier has announced results for the first quarter, ended March 31, 2022.

The company’s total revenue from operations for the Q1CY22 stood at Rs1,567.50 crore, 19% yoy higher than the previous corresponding quarter, and 2.9% sequentially higher than Q4CY21.

Schaeffler’s PBT for Q1CY22 was reported at Rs277.20 crore, registering a growth of 49% as compared to Q1CY21, and 7.9% against the previous quarter.

PBT Margin for Q1CY22 increased to 17.7% from 14.1% in Q1CY21.

Net Profit (PAT) for the quarter under review was reported at Rs207.10 crore and Net Profit Margin (PAT Margin) came in at 13.20%.

Schaeffler India’s counter jumped 2.44% so far in today’s trade at Rs2,150 against its previous close of Rs2,098.80 on NSE. It opened at Rs2,148 and touched intraday high and low of Rs2,229 and Rs2,072.25 respectively.