Schaeffler India Q4 CY23 Results Live : profit falls by 9.25% YOY
Schaeffler India announced their Q4 CY23 results on 16 Feb, 2024, with the topline showing a growth of 4.45% compared to the previous year. However, the profit witnessed a decline of 9.25% year-on-year.
In comparison to the previous quarter, the revenue saw a modest increase of 1.13%, while the profit took a hit with a decrease of 9.95%. The Selling, general & administrative expenses experienced a slight decline of 0.41% quarter-on-quarter but marked an increase of 5.93% year-on-year.
Operating income also showed a downward trend, decreasing by 8.88% sequentially and 11.38% year-on-year. The earnings per share (EPS) for Q4 CY23 stood at ₹13.62, reflecting a 7.66% decrease from the previous year.
Schaeffler India's stock performance in the market has been moderate, with a 0.16% return in the last week, 0.73% return in the last 6 months, and a year-to-date return of -5.63%. Currently, the company holds a market capitalization of ₹47244.35 Cr, with a 52-week high/low stock price range of ₹3726.05 and ₹2612.2 respectively.
Analysts' ratings for Schaeffler India as of 18 Feb, 2024, indicate that out of 8 analysts covering the company, 2 have given a Strong Sell rating, 4 have recommended to Hold, 1 has suggested to Buy, and 1 has rated it as a Strong Buy. The consensus recommendation as of 18 Feb, 2024, was to Hold the stock.FAQsQuestion : What is the Q4 CY23 profit/Loss as per company?Ans : ₹209.61CrQuestion : What is Q4 CY23 revenue?Ans : ₹1874.55Cr Stay updated on quarterly results with our results calendarMilestone Alert!
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