Schaeffler India Ltd saw its shares rise by over 5% after announcing a 3.5% year-on-year increase in net profit for the first quarter ending June 30, 2024. The company reported a net profit of ₹245.4 crore, up from ₹237.2 crore in the same period last year.
The company’s revenue from operations also showed strong growth, increasing by 15.2% to ₹2,106.8 crore compared to ₹1,829.1 crore in the previous year. At the operating level, EBITDA rose by 10% to ₹376.3 crore, with an EBITDA margin of 17.9%, slightly down from 18.7% in the previous fiscal period.
As of 12:00 PM, Schaeffler India shares were trading at ₹4,125.10 on the NSE, reflecting a 5.87% increase.
TOPICS:
Schaeffler India