Schaeffler India Q4 Results: Firm posts smallest quarterly profit growth in nearly 3 years
Schaeffler India said its profit climbed 6% to 2.19 billion rupees ($26.7 million) in the first quarter ended March 31, while revenue from operations rose 8% to 16.94 billion rupees.However, its core profit margin contracted to 18.58% from 19.64% a year earlier, as expenses rose over 9%.Revenue in the company’s industrial segment, constituting nearly 32% of total revenue, fell 8.5% in the quarter
