Search term

Schaeffler India Limited announces Q3 results for the period ended September 30, 2020

Pressrelease Stage Image

2020-10-28 | Pune

  • All plants and warehouses are operational and catering to the market demand as per order book
  • All operations being carried out following strict adherence to safety guidelines

Leading industrial and automotive supplier, Schaeffler India Limited (BSE: 505790, NSE: SCHAEFFLER) today announced that the Board of Directors approved the results for the third quarter and nine months, ended September 30, 2020.

July – September 2020 (Third quarter)

  • Total revenue from operations (net) for the quarter (Q3) was INR 11,207 million, higher by 155.3% than the preceding quarter and 8.3% higher than the corresponding quarter of 2019. Revenue from operations (Net) for the quarter, grew by 20.7% compared to Q1 2020 (pre lockdown period).
  • PBT (before exceptional items) for the quarter (Q3) was INR 1,527 million, higher by 369.7% than the preceding quarter and 32.4% higher higher than the corresponding quarter of 2019. PBT (before exceptional items) for the quarter, grew by 38.7% compared to Q1 2020 (pre lockdown period).
  • Net Profit margin for the quarter stood at 10.1%.

January – September 2020 (Nine Months)

  • Total revenue from operations (net) for the nine months period was INR 24,881 million, lower by 25.2% than the corresponding period of 2019.
  • PBT (before exceptional items) for the period was INR 2,062 million.

Commenting on the results and financial performance of the Company, Mr. Harsha Kadam, Managing Director, said, “We continue to witness green shoots of recovery, across various sectors as the economy starts to crawl back to normalcy. However, we are still not out of the woods. During the quarter, both our Automotive and Industrial segments have shown resounding performance, responding to strong demand from certain segments, especially the tractor, passenger vehicle, industrial distribution and wind sectors. We continue with our efforts aimed towards responding to crisis with agility and ensuring business continuity with a cautiously optimistic outlook. We have managed to weather the storm and demonstrated that our fundamentals are strong.“

Publisher: Schaeffler India
Country: India

Related media

Terms of use for Schaeffler press pictures

Schaeffler press pictures may only be used for editorial purposes. Unless otherwise stated, all copyrights and rights of use and exploitation are owned by Schaeffler Technologies AG & Co. KG, Herzogenaurach (Germany) or by one of its affiliated companies. The reproduction and publication of Schaeffler press pictures is only permitted if the source is stated as follows: "Image: Schaeffler". The pictures may be used free of charge in such cases. The use of pictures for advertising or other commercial purposes, in particular their disclosure to third parties for commercial purposes, is hereby prohibited. Pictures may only be edited with the approval of Schaeffler.

We kindly request that a specimen copy be sent to us when Schaeffler press pictures are published in printed media (or a digital copy in the case of publication in electronic media). When using Schaeffler press pictures in films, please notify us and state the title of the film.

Use and utilization of Schaeffler press pictures is subject to the substantive laws of Germany without its conflict of law provisions. The place of competent jurisdiction shall be Nuremberg, Germany.

Postal address:
Schaeffler Technologies AG & Co. KG
Corporate Communication
Industriestrasse 1-3
91074 Herzogenaurach


Package (Press release + media)

Share Page

Schaeffler applies cookies to secure an optimal use. With the further use of this website you accept the application of cookies. More Information