Schaeffler India Limited Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2019
July 23, 2019 at 08:39 am EDT
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Schaeffler India Limited reported unaudited earnings results for the second quarter and six months ended June 30, 2019. For the quarter, the company reported revenue from operations of INR 11,167.0 million compared to INR 11,002.6 million a year ago. Total income was INR 11,291.5 million compared to INR 11,294.4 million a year ago. Profit for the period was INR 824.8 million or INR 26.4 per basic share compared to INR 1,114.4 million or INR 35.6 per basic share a year ago.
For the six months, the company reported revenue from operations of INR 22,889.9 million compared to INR 21,837.3 million a year ago. Total income was INR 23,186.2 million compared to INR 22,351.3 million a year ago. Profit for the period was INR 1,886.6 million or INR 60.4 per basic share compared to INR 2,219.8 million or INR 71.0 per basic share 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 
