Schaeffler India, based in Pune, reported a strong performance for Q2 FY25. The company achieved net operating revenue of Rs 2,072 crore for April-June 2024, marking a 13.3% year-on-year increase. Profit before tax (PBT) before exceptional items was Rs 340 crore, up 6.9% from the same period last year. The PBT margin for Q2 stood at 16.4%, compared to 17.4% in the previous year. Net profit for Q2 FY25 was Rs 253.5 crore, with a net profit margin of 12.5%.
For the January-June 2024 period, Schaeffler India reported net operating revenue of Rs 3,921 crore, an 11.3% increase year-on-year. PBT before exceptional items for this six-month period was Rs 645.6 crore, 5.5% higher than the same period in 2023. The PBT margin was 16.5%, down from 17.4% the previous year. Net profit for the first half of 2024 was Rs 481.2 crore, with a net profit margin of 12.3%, compared to 13% in 2023.
Harsha Kadam, Managing Director and CEO, commented, “In 2024, our domestic business growth accelerated and export momentum was maintained. Our margins were supported by broad-based performance and a focus on cost management. We are committed to delivering financial and operational results while creating long-term value for stakeholders and adhering to our environmental, social, and governance commitments.”
Schaeffler India is a leading manufacturer of high-precision components and systems for the automotive, industrial, and aerospace sectors. As a subsidiary of the global Schaeffler Group, the company operates multiple plants and research facilities across India, employing advanced engineering and innovative technologies.
Schaeffler India is committed to sustainability and efficiency, focusing on the development of products that enhance performance and reduce environmental impact. Its diverse product range includes bearings, clutches, and engine components, serving a wide array of applications. With a strong emphasis on quality and customer satisfaction, Schaeffler India continues to drive growth and innovation in the engineering industry.
