Schaeffler India consolidated net profit declines 9.25% in the December 2023 quarter

Sales rise 4.45% to Rs 1874.55 crore

Net profit of Schaeffler India declined 9.25% to Rs 209.61 crore in the quarter ended December 2023 as against Rs 230.98 crore during the previous quarter ended December 2022. Sales rose 4.45% to Rs 1874.55 crore in the quarter ended December 2023 as against Rs 1794.65 crore during the previous quarter ended December 2022.

For the full year,net profit rose 2.25% to Rs 899.02 crore in the year ended December 2023 as against Rs 879.21 crore during the previous year ended December 2022. Sales rose 5.58% to Rs 7250.91 crore in the year ended December 2023 as against Rs 6867.42 crore during the previous year ended December 2022.

ParticularsQuarter EndedYear EndedDec. 2023Dec. 2022% Var.Dec. 2023Dec. 2022% Var.Sales1874.551794.65 4 7250.916867.42 6 OPM %17.2919.24 -18.2218.85 - PBDT353.27362.56 -3 1441.481368.52 5 PBT292.84309.57 -5 1218.471162.06 5 NP209.61230.98 -9 899.02879.21 2

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