Schaeffler India Limited — Updates, 23-10-2024: Press Release

Schaeffler India Limited reported a 12.1% increase in Q3 2024 revenue, reaching INR 20,728 million. The net profit was INR 2,471 million, reflecting a net profit margin of 11.9%. For the nine months ending September 2024, revenue rose 11.6% to INR 59,940 million, with a net profit of INR 7,283 million and a margin of 12.2%. The management noted ongoing growth in the automotive sector and a focus on cost management amidst a challenging market.