Schaeffler India Limited (BSE: 505790, NSE: SCHAEFFLER), a leader in Motion Technology, today announced the approval of its financial results for the fourth quarter and the full year ending December 31, 2024, by the Board of Directors. In the fourth quarter of 2024 (October – December), the company reported a revenue of INR 20,823 million from operations (net), reflecting a 12.2% increase compared to the same quarter in 2023 and a modest 0.5% growth over the previous quarter (Q3 2024).
The Profit Before Tax (PBT), before exceptional items, was INR 3,387 million, showing a 12.7% growth from the corresponding quarter in the previous year. The PBT margin for Q4 stood at 16.3%, slightly higher than both Q4 2023 (16.2%) and Q3 2024 (16.1%). The net profit for the quarter amounted to INR 2,493 million, yielding a net profit margin of 12.0%.
For the full year of 2024 (January – December), the company achieved a revenue of INR 80,763 million from operations (net), which marked an 11.8% increase over the previous year. The annual Profit Before Tax (PBT) was INR 13,175 million, reflecting a 7.3% rise compared to 2023. The PBT margin for the year was 16.3%, slightly lower than the 17.0% margin reported in 2023. Despite the decrease in margin, the company’s performance remained solid throughout the year.
The net profit for the year totaled INR 9,777 million, resulting in a net profit margin of 12.1%. This was a slight decrease from the 12.6% margin reported in 2023. Overall, the company demonstrated consistent growth in both revenue and profits, maintaining strong profitability despite the marginal dip in net profit margin for the full year.
Harsha Kadam, Managing Director and Chief Executive Officer, stated, “I am proud to report that we have maintained a strong double-digit year-on-year growth for the third consecutive quarter, resulting in solid annual performance. This achievement was driven by our focus on acquiring new business and maintaining excellence in quality and delivery. Despite a challenging market, we remained resilient. We will continue to focus on prudent financial management as we face external challenges in 2025. Our ongoing commitment to consistent dividend payments demonstrates our dedication to providing sustainable, long-term value to our shareholders.”
Schaeffler India brings a rich 75-year legacy of innovation in motion technology to the Indian market, providing precision engineering solutions. Committed to enhancing the efficiency, intelligence, and sustainability of motion throughout its entire life cycle, Schaeffler India offers advanced technologies, products, and solutions in electric mobility, CO₂-efficient drives, chassis solutions, and renewable energies.
The company operates four manufacturing plants in India—located in Pune, Savli, Maneja, and Hosur—as well as three R&D centers, eight sales offices, and a robust industrial and automotive aftermarket network, ensuring nationwide accessibility for its customers. With a strong portfolio of renowned product brands and a comprehensive range of offerings across eight motion families—spanning bearing solutions, linear guidance systems, and repair and monitoring services—the company is dedicated to partnering with customers across various segments to meet their engineering and motion technology needs. With over 60 years of presence in India and a dedicated workforce of more than 3,000 employees, the company stands as a leading motion technology company in the country.
