Schaeffler India has reported its financial results for Q3 of CY2023 and first nine months of CY2023. The revenue for Q3 came at Rs 1,848 crore, up 5.2 percent YoY and a flat growth over Q2 CY2023, net profit came at Rs 235 crore, margin at 12.7%, compared to 12.3% a year ago.
In the first 9 months, the revenue stood at Rs 5,371 crore, up 5.9% YoY, and net profit of Rs 691 crore with a margin of 12.9% compared to 12.8% a year ago.
Harsha Kadam, MD, Schaeffler India said, “Continued focus across our domestic businesses, recovery in our key sectors and strategic initiatives to enhance our market position aided the performance. Our focus on operational efficiencies and stable input costs helped sustain the quality of earnings. We remain committed to focus on performance to mitigate external headwinds, and deliver long-term value to all our stakeholders.“
