Schaeffler India Limited Reports Earnings Results for the First Quarter Ended March 31, 2020
May 13, 2020 at 08:23 am EDT
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Schaeffler India Limited announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was INR 9,467.1 million compared to INR 11,894.7 million a year ago. Net income was INR 783.5 million compared to INR 1,061.8 million a year ago. Basic earnings per share was INR 25.1 compared to INR 34 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 
