'Net sales (including other operating income) of Schaeffler India has increased 15.18% to Rs 2106.84 crore
in the quarter ended June 2024 (Q2CY2024). Sales of Mobility components segment
has moved up 11.71% to Rs 1,614.61 crore (accounting for 76.64% of total
sales). Sales of Other segment has gone up 28.25% to Rs 492.23 crore
(accounting for 23.36% of total sales).
Profit before interest, tax
and other unallocable items (PBIT) has increased 7.14% to Rs 308.66 crore. PBIT
of Mobility components segment fell 7.96% to Rs 199.26 crore (accounting for
64.56% of total PBIT). PBIT of Other segment jumped 52.79% to Rs 109.40 crore
(accounting for 35.44% of total PBIT).
PBIT margin of Mobility
components segment fell from 14.98% to 12.34%. PBIT margin of Other segment
rose from 18.66% to 22.23%. Overall PBIT margin fell from 15.75% to 14.65%.
Operating profit margin has
declined from 18.70% to 17.86%, allowing 10.03% rise in operating pro...
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