Stock market today saw Schaeffler India shares climb 3% to ₹3,160 on February 28 after the company reported strong financial results for the December quarter. Despite this rise, the stock has dropped 7% in the past month, underperforming the Nifty 50, which declined 5% during the same period.
Schaeffler India posted a 13.2% year-on-year (YoY) increase in net profit, reaching ₹237 crore in Q4. Revenue also grew by 14% to ₹2,136 crore, supported by strong demand across key segments. The company’s EBITDA rose by 14.2% YoY to ₹370.2 crore, while the EBITDA margin remained steady at 17.3%, indicating that operational efficiencies and a better product mix helped offset rising input costs.
The company has announced a final dividend of ₹28 per share (face value ₹2) for the financial year ending December 31, 2024. The dividend is subject to approval at the upcoming Annual General Meeting (AGM) and will be paid within 30 days of the meeting.
Schaeffler India operates in the automotive and industrial sectors, offering a wide range of products, including bearings, components, and systems for various applications. Managing Director and CEO Harsha Kadam credited the company’s strong performance to new business wins and excellence in quality and delivery. He emphasized that the company remains financially cautious while navigating market challenges in 2025 and remains committed to creating long-term value for shareholders.
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