Schaeffler India Limited Reports Audited Earnings Results for the Fourth Quarter and Year Ended December 31, 2017
February 07, 2018 at 04:22 am EST
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Schaeffler India Limited reported audited earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company's revenue from operations was INR 5,060.8 million against INR 4,996.8 million a year ago. Profit before exceptional items and tax was INR 1,018.1 million against INR 749.9 million a year ago. Profit before tax was INR 1,018.1 million against INR 749.9 million a year ago. Profit for the period was INR 679.4 million or INR 40.9 per basic and diluted share against INR 547.4 million or INR 32.9 per basic and diluted share a year ago.
For the year, the company's revenue from operations was INR 19,910.7 million against INR 19,451.6 million a year ago. Profit before exceptional items and tax was INR 3,623.1 million against INR 2,993.3 million a year ago. Profit before tax was INR 3,623.1 million against INR 2,993.3 million a year ago. Profit for the period was INR 2,380.2 million or INR 143.2 per basic and diluted share against INR 1,950.6 million or INR 117.4 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.