Schaeffler India Limited, leading industrial and automotive supplier recently announced that their Board of Directors approved the results for the fourth quarter and full year, ended 31 December 2020, highlighting a net profit of 7.7 %.

October –December 2021 (Fourth Quarter)

- Total revenue from operations (net) for Q4 was Rs 12,738 million, higher by 13.7 % than the preceding quarter and 22.9 % higher than the corresponding quarter of 2019.
- PBT (before exceptional items) for Q4 was Rs 1,911 million, 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 (Twelve Month / Full Year)

- Total revenue from operations (net) for the 12 months period was Rs 37,619 million, lower by 13.7 % than the corresponding period of 2019.
- PBT (before exceptional items) for the period was Rs 3,972 million lower by 25.7 %.
- Net profit margin for the year stood at 7.7 %

Managing Director of the company, Harsha Kadam, 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 realisation 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.”

Written from a company news release.