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Schaeffler India conducted a conference call on 24 July 2024 to discuss its financial results for the quarter ended June 2024. Harsha Kadam, MD&CEO of the company addressed the call:
Highlights:
As a motion technology company, it has always remained committed to create and add value to all the stakeholders and customers are the most important stakeholder. The company has been recognized by many of its customers during the quarter such as Escort Kubota, Mahindra Swaraj, Mahindra, and Maruti Suzuki.
The company crossed a new milestone in Q2CY2024 of sales revenue of above Rs 2000 crore, while recording a strong double digit growth rate.
The company witnessed some challenges on the free cash flow on the back of the capex Investments which got capitalized in Q1 and Q2CY24. All efforts are on to improve free cash flows.
Focus has always been on winning new businesses and continues to sustain the wins every quarter. The company...
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