New Delhi: Schaeffler India Restricted the movement know-how firm, has mentioned that its income from operations (web) for the primary quarter, ended March 31, 2024 (January-March 2024) (Q124) was INR 1849.2 crore, 9.2% larger than the corresponding quarter of 2023 and -0.3% decrease than the previous quarter (Q423).
PBT (earlier than distinctive gadgets) for the quarter (Q124) was INR 305.6 crore, 3.9% larger than the corresponding quarter of 2023.
PBT margin for the quarter stood at 16.5%, in comparison with 17.4% in the course of the corresponding quarter of 2023 and 16.2% in the course of the previous quarter.
Internet Revenue for the quarter was INR 227.7 crore and web revenue margin stood at 12.3%
Harsha Kadam, Managing Director, mentioned, “The 12 months 2024 began properly for us as we registered a robust YoY progress in our home enterprise. Margins for the quarter remained resilient regardless of seasonality in a few of our sectors. With a great rebound in our intercompany exports for the quarter, we stay cautiously optimistic of the difficult and risky macroeconomic surroundings. With targeted efforts on monetary and working metrics, we stay dedicated to ship long run worth for all our stakeholders.”
 for the quarter (Q124) was INR 305.6 crore, 3.9% higher than the corresponding quarter of 2023.){kind=link}