Schaeffler India Ltd. announced a revenue of ₹20,728 million for Q3 2024, reflecting a 12.1% increase compared to Q3 2023. The company’s net profit for the quarter was ₹2,471 million, achieving an 11.9% profit margin. Profit before tax (PBT) reached ₹3,332 million, marking a 5.5% rise from the same quarter last year, with a PBT margin of 16.1%, down from 17.1% in Q3 2023.
For the nine-month period ending September 2024, Schaeffler India recorded a revenue of ₹59,940 million, up 11.6% year-over-year. During this period, PBT rose by 5.5% to ₹9,787 million, with a margin of 16.3%. The net profit for the nine months was ₹7,283 million, representing a 12.2% margin.
Managing Director and CEO Harsha Kadam highlighted that the domestic business has continued to grow in the second half of the year, driven by strong performance in both the Automotive Technologies and Bearings & Industrial Solutions segments.
The Schaeffler Group has been at the forefront of groundbreaking inventions and advancements in motion technology for over 75 years. With its innovative technologies, products, and services designed for electric mobility, CO₂-efficient drives, chassis solutions, and renewable energies, the company is a trusted partner dedicated to enhancing the efficiency, intelligence, and sustainability of motion throughout its entire life cycle.
Schaeffler categorizes its extensive product and service offerings in the mobility ecosystem into eight families, which include bearing solutions, various linear guidance systems, and repair and monitoring services. As one of the world’s largest family-owned enterprises and one of Germany’s most innovative companies, Schaeffler employs around 120,000 people across more than 250 locations in 55 countries.
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.
