Schaeffler India Ltd
P&L
Quarterly Consolidated
vs Q2 FY25
Schaeffler India Ltd Reports Double-Digit Growth for 2024, Sustains Quality of Earnings
27 Feb 2025 · 27 Feb 2025, 11:27 pm
Summary
Schaeffler India Limited, the Motion Technology Company, announced its results for the fourth quarter and year ended December 31, 2024. The company reported a double-digit growth for the year, broad based across businesses. The quality of earnings was sustained, reflecting a focus on efficiency and cost management. The Board of Directors recommended a dividend of INR 28 per share, with a payout ratio of 45%.
Key Highlights
- 1
Double-digit growth for the year 2024, with revenue from operations (net) at INR 80,763 million, 11.8% higher than the corresponding period of 2023.
- 2
PBT (before exceptional items) for the year 2024 was INR 13,175 million, 7.3% higher than the corresponding period of 2023.
- 3
Net profit for the year 2024 was INR 9,777 million, with a net profit margin of 12.1%.
- 4
For the quarter ended December 31, 2024, revenue from operations (net) was INR 20,823 million, 12.2% higher than the corresponding quarter of 2023.
Management Comments
Mr. Harsha Kadam
Managing Director and Chief Executive Officer
I am pleased to share that we sustained double-digit YoY growth momentum consecutively for the third quarter, resulting also in a double digit growth of our annual performance. This was aided by our focus on new business wins and excellence in quality and delivery. We remained resilient despite a challenging market environment. Our focus on prudent financial management over the year will continue as we navigate the external headwinds entering 2025. Our consistent approach for dividend payments, reiterates our commitment to providing sustainable, long-term value to our shareholders.
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