Schaeffler Indias first quarter profits rise by 16.6% on the demand of the firm

(Reuters) – Schaeffler India, manufacturer of car and industrial parts, reported a 16.6% increase in the first quarter gains on Tuesday, supported by strong demand for the transmission, braking systems and other car supplementary products. The company, a unit of the Schaeffler of Germany, said the profits ended 31 March to 2.65 billion rupees ($ 31.1 million) rose from 2.28 billion rupees. Operation revenue increased by 14.1% to 21.1 billion rupees, exceeding the 9.8% increase in the cost of materials, such as steel and polymers, which constitutes more than half of its total expenses. Click (full story) Key context for further earnings highlights, the car technologies’ segment, which accounts for 43.7% of Schaeffler India’s turnover in the quarter, counts passenger and commercial vehicles and tractors among its customers. The rest of its income comes from three other segments, including a segment for industrial applications. Passenger vehicles sales grew by 2.4% in the first quarter, while that of commercial vehicles increased by 1.5%, which preferred the growth for car supplements such as Schaeffler India, analysts said. Smaller counterparts SKF India and NRB bearings still need to report quarterly results. Peer comparison (next 12 estimates (next 12 analysts sentiment months) RIC PE EV/EBITDA Turnovers Average Number of shares to DIV growth (%) Growth -rating* Analysts Price Return (%) Target ** (%) Schaeffler India 43.03 27.74 12.93 18.90 Buy 9 0.89 0.85 SKF India 30.84 22.64 11.422222222222222222222222222222222222222222222222222222222222222222222222 26.3 0.81 3.35 NRB -LA! India 41.95 26.73 12.06 15.00 strong 1 0.72 0.10 Buy * The average of analysts ‘ratings standard to a scale of strong buying, buying, selling, selling and strongly selling ** The ratio of the last closure to analysts’ average prices; A ratio above 1 means that the stock trades above the PT January-March share performance-all data from LSEG- $ 1 = 85.1950 Indian Rupees (Reporting by Menakshi Maidas in Bengaluru; Editing by Sumana Nandy) first published: April 29, 2025, 05:18 PM