Schaeffler India Reports 7% Rise in Standalone Profit

Schaeffler India recorded a 7% increase in standalone profit after tax, amounting to Rs 253.54 crore for the June quarter. The company's revenue from operations rose by 13% to Rs 2,071.93 crore. Managing Director Harsha Kadam emphasized the focus on cost management and long-term value creation.

German auto parts manufacturer Schaeffler India reported a 7% rise in standalone profit after tax, reaching Rs 253.54 crore for the June quarter.

This compared to Rs 237.28 crore in the same period last year, according to a regulatory filing.

The company's revenue from operations grew by 13% to Rs 2,071.93 crore, up from Rs 1,829.14 crore a year ago.

Harsha Kadam, Managing Director and Chief Executive Officer of Schaeffler India, stated that the company continues to focus on financial metrics and long-term value creation through its environment, social, and governance framework.