Today the share price of Schaeffler India, one of the largest automobile and industrial suppliers of India is trading up around 12%. The company has announced its latest quarterly (Q4 FY22) results.
The Company’s Net Profit in Quarter 4 Financial Year 22 grew by 34.61% to 190.64 Crore on a year-on-year basis.
The company’s net sales also saw a huge jump of 19.58% to Rs 1523.22 crore on a year-on-year basis.
Profit before tax was also higher at 34.4% on a year-on-year basis and PBT margins also increased to a record 16%.
Apart from this, the company’s board also recommended a dividend of Rs 16 per share. The company has a significant presence in India with 3 well-known product brands Luk, INA, FAG.
Apart from this, the company has 4 manufacturing plants and 8 sales offices. The share price of Schaeffler India has increased by almost 35% in the last 6 months.
This article is only for education purpose and the author has his own views and research, so if you invest in these stocks then do it at your own risk and do the research yourself before investing.