Scha­ef­fler In­dia posts bet­ter re­sults

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Scha­ef­fler In­dia Lim­ited, a lead­ing in­dus­trial and au­to­mo­tive sup­plier, posted 14.5% rise in in­come to Rs 545.8 crore dur­ing the first quar­ter ended March 31, 2018, com­pared to the cor­re­spond­ing quar­ter of 2017. EBT for the quar­ter in­creased 18% to Rs 98.1 crore.

Fur­ther to the merger scheme an­nounced on Au­gust 30, 2017 by the Board of Di­rec­tors of INA Bear­ings In­dia Pvt Lim­ited, LuK In­dia Pvt Lim­ited and Scha­ef­fler In­dia Lim­ited, Scha­ef­fler In­dia Lim­ited also pub­lished the con­sol­i­dated re­sults on a pro-forma ba­sis for the three com­pa­nies. On a pro-forma ba­sis, the quar­terly (Jan­uary-March 2018) con­sol­i­dated net in­come stood at Rs 1113 crore, higher by 16.5% than in the cor­re­spond­ing pe­riod of 2017.

Dharmesh Arora, Man­ag­ing Di­rec­tor, Scha­ef­fler In­dia said, “As the econ­omy gath­ers mo­men­tum, we have wit­nessed all round growth in the first quar­ter of 2018. Our busi­ness both in the au­to­mo­tive and In­dus­trial sec­tors de­liv­ered good re­sults and we ex­pect the growth tra­jec­tory to con­tinue. It seems like the im­pact from GST im­ple­men­ta­tion are be­hind us.”

Scha­ef­fler In­dia Lim­ited (formerly FAG Bear­ings In­dia Lim­ited) was es­tab­lished in Vado­dara, Gu­jarat in 1962. With sales of Rs 18.8 bil­lion in 2016 and 1,571 em­ploy­ees, it is amongst In­dia’s lead­ing man­u­fac­tur­ers of ball and roller bear­ings. The com­pany’s plants are rated among the most tech­no­log­i­cally advanced fa­cil­i­ties of the Scha­ef­fler Group and have global qual­i­fi­ca­tions in terms of qual­ity and pro­duc­tiv­ity.

Its bear­ings are highly pre­ferred in do­mes­tic as well as var­i­ous global mar­kets and find wide rang­ing ap­pli­ca­tions from electric mo­tors to wind mills, mo­tor­cy­cles to mining, trac­tors to tex­tile ma­chines, and from pa­per to steel mills. Its com­pre­hen­sive ser­vices port­fo­lio helps cus­tomers max­i­mize plant avail­abil­ity, pre­vent un­fore­seen ma­chine down­times and re­duce main­te­nance cost. Scha­ef­fler In­dia’s trained tech­ni­cians pro­vide to cus­tomers a com­pre­hen­sive range of equip­ment and ser­vices for the mount­ing and main­te­nance of rolling bear­ings.

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