Schaeffler India reported 22.9% growth in total revenues for the Dec-20 quarter on consolidated basis at Rs1,273.77cr. The company predominantly operates in the mobility components segment and it got a boost in the quarter from a gradual pick up in the industrial activity back to pre-COVID levels. The mobility components vertical has shown 25% growth in revenues on a yoy basis and 15% growth on sequential basis.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 67.5% at Rs141.62cr. While the higher revenues did help PAT through better absorption of fixed costs, the company also benefited from fine tuned inventory policies that reduced the funds locked up in the working capital cycle. As a result, the PAT margins improved very sharply from 8.16% in Dec-19 to 11.12% in Dec-20 quarter.
Financial highlights for Dec-20 compared yoy and sequentially
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Schaeffler India |
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Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
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Total Income (Rs cr) |
₹ 1,273.77 |
₹ 1,036.47 |
22.90% |
₹ 1,120.65 |
13.66% |
|
Net Profit (Rs cr) |
₹ 141.62 |
₹ 84.55 |
67.50% |
₹ 113.47 |
24.81% |
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Diluted EPS (Rs) |
₹ 45.30 |
₹ 27.00 |
|
₹ 36.30 |
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Net Margins |
11.12% |
8.16% |
|
10.13% |
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