Schaeffler India's Q3CY22 revenue jumps 18.10% yoy at Rs1,756.40 crore; stock zooms ~2%

19 Oct 2022 , 09:17 AM

Schaeffler India Limited, a leading industrial and automotive supplier stated that the Board of Directors approved the results for the third quarter and nine months ended September 30, 2022.

The company reported total revenue from operations of Rs1,756 crore in Q3CY22, up by 18.10% yoy against the previous corresponding quarter, and 0.4% against Q2CY22.

Company’s net profit for the quarter stood at Rs289.60 crore, up by 26.10% yoy against the corresponding quarter of 2021.

PBT margin came in at 16.5% in Q3CY22, compared to 15.4% during the corresponding quarter of 2021.

Revenue for the nine months ended September 30, 2022, was reported at Rs5,072.80 crore, up by 25.60% yoy against the previous nine-month period.

Net Profit for nine months ended September 2022, was reported at Rs852.50 crore, registering a growth of 45.40% yoy against the previous corresponding period.

PBT Margin for the current nine-month period came in at 12.80% against 10.90% in the previous corresponding period.

At around 9.19 AM, Schaeffler India was trading at Rs3,244.35 per piece, up by 1.72% from its previous closing of Rs3,189.50 on the BSE.

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