Schaeffler India Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
February 16, 2022 at 10:20 am EST
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Schaeffler India Limited reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported sales was INR 15,232.2 million compared to INR 12,737.7 million a year ago. Revenue was INR 15,450.1 million compared to INR 12,892.8 million a year ago. Net income was INR 1,906.4 million compared to INR 1,416.2 million a year ago. Basic earnings per share from continuing operations was INR 12.2 compared to INR 9.06 a year ago. Diluted earnings per share from continuing operations was INR 12.2 compared to INR 9.06 a year ago.
For the full year, sales was INR 55,605.1 million compared to INR 37,618.4 million a year ago. Revenue was INR 56,328.9 million compared to INR 38,221.4 million a year ago. Net income was INR 6,291.2 million compared to INR 2,909.7 million a year ago. Basic earnings per share from continuing operations was INR 40.26 compared to INR 18.62 a year ago. Diluted earnings per share from continuing operations was INR 40.26 compared to INR 18.62 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 
