Schaeffler India Q4 net profit up 3%

NEW DELHI: Auto component maker Schaeffler India on Wednesday reported 3 per cent increase in net profit at Rs 107.15 crore in the fourth quarter ended December 31, 2018. The company, which follows January-December financial year, had posted a net profit of Rs 103.95 crore in the corresponding period of the last fiscal, Schaeffler India said in a regulatory filing. Total income during the period under review stood at Rs 1,212.83 crore as against Rs 1038.02 crore in the yearago period, it said. The automotive sectors of two-wheelers, passenger cars and commercial vehicles showed decline in the last quarter of 2018, Schaeffler India Managing Director Dharmesh Arora said.