Schaeffler India shares gained 3% after the company posted robust financial results for the December quarter. The company’s net profit increased 13.2% year-on-year (YoY) to ₹237.3 crore, compared to ₹209.6 crore in the same period last year.
Revenue from operations saw a strong 13.9% YoY growth, reaching ₹2,136 crore, driven by healthy demand across key segments. On the profitability front, EBITDA surged 14.2% YoY to ₹370.2 crore, up from ₹324.1 crore in Q4FY23. However, the EBITDA margin remained flat at 17.3%, reflecting the impact of rising input costs, which were mitigated by operational efficiencies and an improved product mix.
Despite the stellar earnings, Schaeffler India shares closed 1.45% lower at ₹3,076.30 on the BSE ahead of the results announcement. The dip suggests some profit-booking by investors post a recent rally in the stock.
In a positive development for shareholders, the company has announced a final dividend of ₹28 per equity share (face value of ₹2) for the financial year ending December 31, 2024.
Schaeffler India shares opened at ₹3,086.30, reaching a high of ₹3,189.00 and a low of ₹3,076.95. The stock remains well below its 52-week high of ₹4,951.00 but above its 52-week low of ₹2,743.50.
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