Schaeffler India has announced the appointment of Shibi Mathew as Head of Human Resources and Corporate Social Responsibility (CSR), effective 4 November 2024. In her role, Shibi Mathew will lead key HR functions and CSR initiatives for Schaeffler India as a member of the Executive Leadership Team, reinforcing the company's commitment to fostering a culture of innovation, inclusivity, and sustainable growth.Powered by Capital Market - Live

Net profit of Schaeffler India rose 1.57% to Rs 236.41 crore in the quarter ended September 2024 as against Rs 232.76 crore during the previous quarter ended September 2023. Sales rose 14.18% to Rs 2116.35 crore in the quarter ended September 2024 as against Rs 1853.60 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2116.351853.60 14 OPM %17.4318.36 - PBDT395.30369.67 7 PBT321.99313.47 3 NP236.41232.76 2 Powered by Capital Market - Live

Net profit of Schaeffler India rose 5.16% to Rs 247.13 crore in the quarter ended September 2024 as against Rs 235.00 crore during the previous quarter ended September 2023. Sales rose 12.15% to Rs 2072.83 crore in the quarter ended September 2024 as against Rs 1848.30 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2072.831848.30 12 OPM %18.1118.50 - PBDT403.22371.33 9 PBT333.17315.71 6 NP247.13235.00 5 Powered by Capital Market - Live

Schaeffler India will hold a meeting of the Board of Directors of the Company on 23 October 2024Powered by Capital Market - Live

Shriram Finance Ltd, RHI Magnesita India Ltd, Linde India Ltd, Godrej Consumer Products Ltd are among the other stocks to see a surge in volumes on BSE today, 16 August 2024.Schaeffler India Ltd recorded volume of 2.34 lakh shares by 10:46 IST on BSE, a 51.23 times surge over two-week average daily volume of 4562 shares. The stock gained 0.30% to Rs.3,964.00. Volumes stood at 2202 shares in the last session.Shriram Finance Ltd clocked volume of 6.01 lakh shares by 10:46 IST on BSE, a 27.4 times surge over two-week average daily volume of 21935 shares. The stock gained 1.93% to Rs.2,951.00. Volumes stood at 8940 shares in the last session.RHI Magnesita India Ltd notched up volume of 1.55 lakh shares by 10:46 IST on BSE, a 18.57 fold spurt over two-week average daily volume of 8342 shares. The stock rose 9.92% to Rs.650.25. Volumes stood at 3536 shares in the last session.Linde India Ltd notched up volume of 50907 shares by 10:46 IST on BSE, a 12.26 fold spurt over two-week average daily volume of 4154 shares. The stock slipped 0.95% to Rs.7,091.70. Volumes stood at 6690 shares in the last session.Godrej Consumer Products Ltd clocked volume of 2.97 lakh shares by 10:46 IST on BSE, a 6.31 times surge over two-week average daily volume of 47097 shares. The stock gained 1.36% to Rs.1,389.50. Volumes stood at 8187 shares in the last session.Powered by Capital Market - Live

Revenue from operations jumped 13.27% year on year (YoY) to Rs 2,071.9 crore in Q2 CY24. Net profit margin declined to 12.2% in the quarter ended 30 June 2024 as compared to 13% posted in Q2 CY23. PBT (before exceptional items) was at Rs 339.90 crore in Q2 CY24, up 6.87% as against with Rs 318.04 crore posted in Q2 CY23. PBT margin for the quarter stood at 16.4% in Q2 CY24 as compared with 17.4% posted in the corresponding quarter previous year. Total expenses grew by 13.98% year on year to Rs 1,757.6 crore during the quarter. Cost of materials consumed stood at Rs 850.10 crore (up 7.80% YoY) and employee benefits expense was at Rs 143.85 crore (up 21.43% YoY). EBITDA stood at Rs 384.8 crore in Q2 CY24 as compared with Rs 348 crore in Q2 CY23. EBITDA margin contracted to Rs 18.6% in Q2 CY24 as against 19% in Q2 CY23. On consolidated basis, the company's net profit rose 3.06% to Rs 244.55 crore in Q2 CY24 as against Rs 237.28 crore posted in Q2 CY23. Revenue from operation was at Rs 2,106.8 crore in Q2 CY24, registering a growth of 15.18% year on year. Harsha Kadam, managing director (MD) and chief executive officer (CFO), said, 'Progressing further into 2024, growth accelerated for our domestic business and momentum was sustained for intercompany exports. Margins were backed by the broad-based performance across businesses and focused approach on cost management. We remain committed to deliver on our financial and operating metrics while creating long-term value for our stakeholders with an unwavering commitment to our environment, social and governance framework.' Schaeffler India has been present in India for over 60 years. With 3 well known product brands LuK, INA and FAG, 4 manufacturing plants and 8 sales offices, Schaeffler has a significant presence in India. The company is among the largest industrial and automotive suppliers. It also has the largest after-market networks serving the industrial and automotive customers.Powered by Capital Market - Live