Schaeffler India Limited Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 17, 2021 at 01:32 am EST
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Schaeffler India Limited announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced total revenue was INR 12,892.8 million compared to INR 10,571.2 million a year ago. Net income was INR 1,416.2 million compared to INR 845.5 million a year ago. Basic earnings per share from continuing operations was INR 46.3 compared to INR 27 a year ago. For the full year, total revenue was INR 38,221.4 million compared to INR 44,238.4 million a year ago. Net income was INR 2,909.7 million compared to INR 3,676.4 million a year ago. Basic earnings per share from continuing operations was INR 93.1 compared to INR 117.6 a year ago.
Schaeffler India Limited is an India-based company that is a supplier of solutions to automotive and industrial sectors. The Company operates through three segments: Automotive, Industrial and Automotive Aftermarket. The Automotive segment is a pioneer in developing and manufacturing technological solutions for passenger cars and commercial vehicles, and tractors. 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 Automotive Aftermarket segment is focused on the spare parts business and delivers repair solutions of original-equipment quality. The Automotive Aftermarket segment has three brands, including LuK, INA and FAG that offer clutch and release systems, engine, and transmission applications, as well as chassis applications. It has its production facilities in Maneja, Savli, Pune and Hosur.
SCHAEFFLER INDIA LIMITED 
