Schaeffler India Limited announces results for the fourth quarter and year ended December 31, 2024

Chennai : Schaeffler India Limited (BSE: 505790, NSE: SCHAEFFLER), the Motion Technology Company, today announced that the Board of Directors approved the results for the fourth quarter and year ended December 31, 2024. October – December 2024 (Fourth Quarter)Revenue from operations (net) for the quarter (Q4’24) was INR 20,823 million, 12.2% higher than the corresponding quarter of 2023 and 0.5% higher than preceding quarter (Q3’24)PBT (before exceptional items) for the quarter (Q4’24) was INR 3,387 million, 12.7% higher than the corresponding quarter of 2023. PBT margin for the quarter stood at 16.3%, compared to 16.2% during the corresponding quarter of 2023 and 16.1% during the preceeding quarterNet Profit for the quarter was INR 2,493 million and net profit margin stood at 12.0% January – December 2024 (Twelve Months)Revenue from operations (net) for the twelve month period was INR 80,763 million, higher by 11.8% than the corresponding period of 2023PBT (before exceptional items) for the nine months period was INR 13,175 million, higher by 7.3% than the corresponding period of 2023. PBT margin for the twelve months stood at 16.3%, compared to 17.0% during the corresponding period of 2023Net profit for the twelve months period was INR 9,777 million and net profit margin stood at 12.1% compared to 12.6% during the corresponding period of 2023 Commenting on the results, Mr. Harsha Kadam, Managing Director and Chief Executive Officer, said, “ I am pleased to share that we sustained double-digit YoY growth momentum consecutively for the third quarter, resulting also in a double digit growth of our annual performance. This was aided by our focus on new business wins and excellence in quality and delivery. We remained resilient despite a challenging market environment. Our focus on prudent financial management over the year will continue as we navigate the external headwinds entering 2025. Our consistent approach for dividend payments, reiterates our commitment to providing sustainable, long-term value to our shareholders.“