Schaeffler India Q1 PAT up 48.43% at Rs207.12cr on lower input costs and inventory efficiency gains

27 Apr 2022 , 09:29 PM

Schaeffler India Ltd reported 19.04% growth in total revenues yoy for the Mar-22 quarter on consolidated basis at Rs1,567.51cr. On a sequential basis, revenues were higher for the quarter by 2.91%.

Schaeffler follows the calendar year so Mar-22 will be the first quarter. For the year, the domestic revenues from all the major verticals viz. automotive technologies, automotive aftermarkets and industrial were up yoy.

Exports were up 78% at Rs195.76cr. In Feb-22, the company had split par value of its shares in the ratio of 10:2.

The consolidated net profit for Q4 was up 48.43% at Rs207.12cr while it was up on a sequential basis by 8.64%.

The company gained from lower input costs as well as inventory efficiency gains in the quarter. Among its key verticals, the mobility solutions division reported EBIT growth of 58% at Rs193cr while EBIT of the miscellaneous business was also higher on a yoy basis.

Net margins stood at 13.21% in Mar-22 quarter compared to 10.60% in Mar-21. The NPMs were higher sequentially compared to 12.52% in Q3.

Financial highlights for Mar-22 compared yoy and sequentially

	Schaeffler India
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 1,567.51	₹ 1,316.82	19.04%	₹ 1,523.22	2.91%
Net Profit (Rs cr)	₹ 207.12	₹ 139.54	48.43%	₹ 190.64	8.64%
Diluted EPS (Rs)	₹ 13.30	₹ 8.90		₹ 12.20
Net Margins	13.21%	10.60%		12.52%