Schaeffler India Q3 Results 2024: Date and Time, Share Price and Target

News: Schaeffler India, a leading player in high-precision roller and ball bearings, engine systems, and transmission components, has recently announced its financial results for the third quarter of 2024. Let’s dive into the details:

1. Date and Time of Announcement

The eagerly awaited Q3 results will be unveiled on February 16, 2024. Mark your calendars!

2. Share Price Movement

As of the latest update, Schaeffler India’s share price stands at ₹3,116. Keep an eye on any fluctuations post-results.

3. Target Share Price for 2024

Analysts predict that Schaeffler India’s target share price for 2024 will be ₹3,205. Investors, take note!

Company Overview

Schaeffler India has a strong foothold in the market, with a market capitalization of ₹48,700 crore. The company specializes in clutch systems, chassis applications, and related machine building manufacturing activities.

Financial Snapshot (Q3 2024)

Here’s a glimpse of Schaeffler India’s financial performance in the third quarter:

• Sales: ₹1,848 crore
• Expenses: ₹1,506 crore
• Operating Profit: ₹342 crore
• Operating Profit Margin (OPM): 18%
• Net Profit: ₹235 crore
• Earnings per Share (EPS): ₹15.03

Pros and Cons

Pros:

• Schaeffler India is almost debt-free.
• The company maintains a healthy dividend payout of 30.5%.

Cons:

• The stock is trading at 11.2 times its book value.

Subscribe to Sarkari Result to stay informed. Get the latest celebrity news and detailed movie reviews in real-time. Keep up with the constantly changing world of entertainment with Sarkari Exam.

About Schaeffler India Limited :

Schaeffler India Limited, a listed public company, was incorporated on April 27, 1962. It operates from its corporate office in Pune, Maharashtra. Here are some essential details:

• Authorized Share Capital: ₹125.50 crore
• Total Paid-Up Capital: ₹31.26 crore

Business Focus

1. Automotive Technologies:
   • Schaeffler India specializes in groundbreaking products for vehicles with drive trains based on internal combustion engines, as well as hybrid and electric vehicles.
   • Their offerings cover areas such as engine systems, transmission systems, and chassis systems.
2. Automotive Aftermarket:
   • The Automotive Aftermarket division is responsible for the global spare parts business.
   • Schaeffler delivers innovative repair solutions in original-equipment quality.
3. Industry Solutions:
   • Schaeffler provides rolling and plain bearings, linear and direct drive technology, and a range of services including maintenance products and monitoring systems.
   • Their expertise extends to various industrial applications.

Social Innovator Fellowship Program

Schaeffler India also runs an annual Social Innovator Fellowship Program, fostering innovation and social impact.

Investors and stakeholders eagerly await the Q3 results. Will Schaeffler India continue its growth trajectory? Stay tuned for the official announcement!

Disclaimer: Please note that all content and tools on this website are provided for your convenience and are offered “as is” without warranties. The information provided, including any tool-generated output, is for informational purposes only and should not be considered investment advice or guarantees. Exercise caution, seek professional advice, and make independent judgments before acting on any information found on this site.