During the June-September 2017 quarter, total income (net) for the quarter increased to Rs 5,103 million, higher by 4.2 per cent than the corresponding quarter of 2016. EBT for the quarter increased to Rs 906 million, higher by 11.8 per cent than the corresponding quarter of 2016.
Total income (net) for the nine-month period of January-September 2017, increased to Rs 14,621 million, higher by 5.7 per cent than the corresponding period of 2016. EBT for the same period increased to Rs 2,605 million, higher by 16.1 per cent than the corresponding period of 2016.
Commenting on the results and financial performance of Schaeffler India, Dharmesh Arora, Managing Director, said, “During the quarter, we witnessed some uncertainties due to GST implementation, particularly in distribution business. The company has delivered good growth in a challenging environment. Businesses in automotive including passenger cars, commercial vehicles, two-wheelers, and agricultural tractors showed solid growth.”