Schaeffler India Limited announces Q4 and Full Year results for the period ended December 31 of 2022

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  • Resilient performance on both top line and margins for the quarter
  • Strong full-year performance across businesses with improved mix and judicious capex
  • Board recommends a dividend of INR 24 per share, a payout ratio of 43%

PUNE: Leading industrial and automotive supplier, Schaeffler India Limited (BSE: 505790, NSE: SCHAEFFLER) today announced that the Board of Directors approved the results for the fourth quarter and full year, which ended December 31, 2022

October – December 2022 (Fourth Quarter)

  • Total revenue from operations (net) for the quarter (Q4 CY2022) was INR 17,947 million, higher by 17.8% than the corresponding quarter of 2021 and 2.2% higher than the preceding quarter (Q3 CY2022)
  • PBT (before exceptional items) for the quarter (Q4 CY2022) was INR 3,096 million, 20.5% higher than the corresponding quarter of 2021 and 6.9% higher than the preceding quarter (Q3 CY2022). PBT margin for the quarter stood at 17.2%, compared to 16.9% during the corresponding quarter of 2021
  • Net Profit for the quarter was INR 2,310 million and the net profit margin stood at 12.9%

January – December 2022 (Twelve Months / Full Year)

  • Total revenue from operations (net) for the year was INR 68,674 million, higher by 23.5% than the corresponding period of 2021
  • PBT (before exceptional items) for the year was INR 11,621 million, higher by 37.8% than the corresponding period of 2021
  • Net profit for the year was INR 8,792 million and net profit margin stood at 12.8%
  • The Board of Directors of the Company has recommended a dividend for the year ended December 31, 2022, at the rate of INR 24 per equity share of face value INR 2 each

Commenting on the results, Mr. Harsha Kadam, Managing Director, said, “ Our quarterly growth momentum continued on the back of favourable sales mix and our emphasis on deploying sustainable countermeasures to enable a strong quality of earnings while navigating the headwinds in a highly volatile environment. Our annual results for the year were aided by the trajectory of wins across our businesses and a focus on operational efficiency, reflecting our commitment to customer centricity, innovation, and agility. As we enter 2023, we stand by our commitment to enhancing stakeholder value by working on both our financial and non-financial metrics. We wish to thank all our stakeholders for reposing the confidence and continued support.“

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