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 first quarter, which ended March 31, 2022
January – March 2022 (1st Quarter)
Commenting on the results, Mr. Harsha Kadam, Managing Director, said,
“The Year 2022 started well for us, despite the headwinds from rising inflation and the emerging geopolitical situation. Our balanced business portfolio with traction in our exports segment helped us continue the momentum. We delivered resilient margins despite the ongoing market challenges on the back of our sustained countermeasures and improved business mix. We are committed to delivering on our financial and operating metrics while creating long-term value for our stakeholders with an unaltered focus on doing business sustainably.“
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