October – December 2020 (Q4)
-
Total revenue from operations for the Q4 was Rs1273.8cr, higher by 13.7% than the preceding quarter and 22.9% higher than the corresponding quarter of 2019.
-
PBT (before exceptional items) for the quarter (Q4) was Rs191.1cr, higher by 25.1% than the preceding quarter and 53.9% higher than the corresponding quarter of 2019.
-
Net Profit margin for the quarter stood at 11.1%.
January – December 2020
-
Total revenue from operations (net) for the twelve months period was Rs3761.9cr, lower by 13.7% than the corresponding period of 2019.
-
PBT (before exceptional items) for the period was Rs397.2cr lower by 25.7%.
-
Net profit magin for the year stood at 7.7%
Commenting on the results, Harsha Kadam, Managing Director, said, “Our industrial and automotive businesses showed resounding performance during the quarter. We had a sharp market recovery in the quarter which was aided by our strong countermeasures and successful realization of new projects. 2020 was a turbulent year and our teams across the board showed agility in responding to the situation as we were pushed into uncharted territory. We stayed the course, continued to deepen our customer connect to become the preferred technology partner, as we emerge stronger out of this volatile environment together. We are optimistic and anticipate to continue this momentum as we move ahead.“
Schaeffler India Ltd was currently trading at Rs5,110 per piece down by Rs28.85 or 0.56% from its previous closing of Rs5,138.85 per piece on the BSE, at around 11:40 AM
Related Tags: