Total operating expenditure for the period under review added up to Rs 1,514 crore, up 9.8% YoY. This was primarily on account of higher raw material costs (up 8.7% YoY), higher other expenses (up 9.8% YoY) and higher employee costs (up 6.9% YoY).
The company recorded 17.5% YoY rise in interest costs and 6.1% YoY increase in depreciation charges in Q4 FY24.
Profit before tax in Q4 FY24 stood at Rs 305.64 crore, up by 3.9% from Rs 294.12 crore in Q4 FY23.
For FY24, Schaeffler has recorded net profit and revenues of Rs 912.50 crore (up 5.1% YoY) and Rs 7,226.13 crore (up 5.2% YoY), respectively.
Harsha Kadam, managing director, said: “Year 2024 started well for us as we registered a strong YoY growth in our domestic business. Margins for the quarter remained resilient desp...
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