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.
| Period | Q4 CY23 | Q3 CY23 | Q-o-Q Growth | Q4 CY22 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1874.55 | 1853.6 | +1.13% | 1794.65 | +4.45% |
| Selling/ General/ Admin Expenses Total | 114.56 | 115.03 | -0.41% | 108.15 | +5.93% |
| Depreciation/ Amortization | 60.43 | 56.2 | +7.53% | 52.99 | +14.04% |
| Total Operating Expense | 1615.58 | 1569.4 | +2.94% | 1502.42 | +7.53% |
| Operating Income | 258.97 | 284.2 | -8.88% | 292.23 | -11.38% |
| Net Income Before Taxes | 288.14 | 313.47 | -8.08% | 309.57 | -6.92% |
| Net Income | 209.61 | 232.76 | -9.95% | 230.98 | -9.25% |
| Diluted Normalized EPS | 13.62 | 14.9 | -8.6% | 14.75 | -7.66% |
FAQs
Question : What is the Q4 CY23 profit/Loss as per company?
Ans : ₹209.61Cr
Question : What is Q4 CY23 revenue?
Ans : ₹1874.55Cr
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Published: 18 Feb 2024, 02:54 AM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.