Schaeffler India posts higher quarterly, lower yearly profits

18 Feb 2021 CW Staff

Schaeffler India Limited, industrial and automotive supplier company, announced the results for the fourth quarter and full year, ended 31 December 2020.

October鈥揇ecember 2020 (Q4)

Total revenue from operations (net) for the quarter (Q4) was Rs 12,738 million, higher by 13.7% than the preceding quarter and 22.9% higher than the corresponding quarter of 2019.
Profit before tax (PBT) (before exceptional items) for the quarter (Q4) was Rs 1,911 million, higher by 25.1% than the preceding quarter and 53.9% higher than the corresponding quarter of 2019.
Net profit margin for the quarter stood at 11.1%.

January鈥揇ecember 2020 (12 months)

Total revenue from operations (net) for the 12 months period was Rs 37,619 million, lower by 13.7% than the corresponding period of 2019.
PBT (before exceptional items) for the period was Rs 3,972 million, lower by 25.7%.
Net profit margin for the year stood at 7.7%.

produces ball bearings, cylindrical roller bearings, spherical roller bearings and wheel bearings that are sold under the brand name of FAG.

Written from a company news release.

: Although 2020 results were lower than 2019, the company鈥檚 Q4 results show a positive trajectory.

Infrastructure Urban

13 Jun 2025

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Infrastructure Urban

13 Jun 2025

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Infrastructure Urban

13 Jun 2025

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..