Schaeffler India Limited reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was INR 21,163.5 million compared to INR 18,536 million a year ago. Revenue was INR 21,439.2 million compared to INR 18,844.7 million a year ago. Net income was INR 2,364.1 million compared to INR 2,327.6 million a year ago. Basic earnings per share from continuing operations was INR 15.1 compared to INR 14.9 a year ago. Diluted earnings per share from continuing operations was INR 15.1 compared to INR 14.9 a year ago.
For the nine months, sales was INR 60,963.2 million compared to INR 53,763.6 million a year ago. Revenue was INR 61,798 million compared to INR 54,707.1 million a year ago. Net income was INR 7,015.8 million compared to INR 6,894.1 million a year ago. Basic earnings per share from continuing operations was INR 44.9 compared to INR 44.1 a year ago. Diluted earnings per share from continuing operations was INR 44.9 compared to INR 44.1 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 Companyâs 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.
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