Schaeffler India Limited Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 21, 2021 at 08:29 am EDT
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Schaeffler India Limited announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was INR 12,458.5 million compared to INR 4,528.8 million a year ago. Net income was INR 1,281.3 million compared to net loss of INR 424.7 million a year ago. Basic earnings per share from continuing operations was INR 41 compared to basic loss per share from continuing operations of INR 13.6 a year ago. For the half year, total revenue was INR 25,845.5 million compared to INR 13,995.9 million a year ago. Net income was INR 2,676.7 million compared to INR 358.8 million a year ago. Basic earnings per share from continuing operations was INR 85.6 compared to INR 11.5 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 
