Schaeffler India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 28, 2021 at 09:37 am
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Schaeffler India Limited reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was INR 14,875.8 million compared to INR 11,206.5 million a year ago. Revenue was INR 15,033.3 million compared to INR 11,332.7 million a year ago. Net income was INR 1,708.1 million compared to INR 1,134.7 million a year ago. Basic earnings per share from continuing operations was INR 10.92 compared to INR 7.26 a year ago. Diluted earnings per share from continuing operations was INR 10.92 compared to INR 7.26 a year ago.
For the nine months, sales was INR 40,372.9 million compared to INR 24,880.7 million a year ago. Revenue was INR 40,878.8 million compared to INR 25,328.6 million a year ago. Net income was INR 4,384.8 million compared to INR 1,493.5 million a year ago. Basic earnings per share from continuing operations was INR 28.06 compared to INR 9.56 a year ago. Diluted earnings per share from continuing operations was INR 28.06 compared to INR 9.56 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 
