Fag Bearings India Ltd. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2017
April 21, 2017 at 03:56 am EDT
Share
Fag Bearings India Ltd. reported unaudited earnings results for the first quarter ended March 31, 2017. For the quarter, the company's revenue from operation (gross) was INR 4,974.6 million against INR 4,484.4 million a year ago. Profit before exceptional item and tax was INR 861.5 million against INR 718.4 million a year ago. Profit before tax was INR 861.5 million against INR 718.4 million a year ago. Profit for the period was INR 574.8 million or INR 34.59 per basic and diluted share against INR 414.6 million or INR 24.95 per basic and diluted share a year ago.
Schaeffler India Limited is an India-based automotive and industrial component supplier. The Company provides components and systems for engine, transmission, and chassis applications for hybrid, electric, and combustion-engine-powered vehicles. The Company's segments include Automotive Technologies, Automotive Aftermarket, Industrial, and Exports & Others. The Automotive Technologies segment develops products using sustainable technologies for passenger and commercial vehicles, tractors, and off-highway segments. The Automotive Aftermarket provides data-driven services and plug-and-play solutions for transmission, engine, and chassis systems. It also includes three brands, such as LuK, INA and FAG. The Industrial segment offers a portfolio of bearing solutions, ranging from high-speed and high-precision bearings with small diameters, to large-size bearings, several meters wide. The Exports & Others segment includes exports to group companies and scrap sales.
SCHAEFFLER INDIA LIMITED 
