Schaeffler India posts strong Q3 and nine-month growth
SCHAEFFLER · price
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Schaeffler India reported strong Q3 growth, supported by automotive demand, industrial output, and double-digit growth in domestic and export business. Q3 revenue was INR 30,058 million, up 27.4% year on year and 12.1% sequentially. Profit before tax and exceptional items rose 20.4% to INR 4,970 million, while net profit was INR 3,704 million. Nine-month revenue rose 21.4% to INR 81,942 million and net profit reached INR 10,268 million. Input costs and currency weakness reduced margins.
Strong sales and profit growth is positive for shareholders, but lower margins from input costs and currency weakness may limit near-term gains.