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Schaeffler India announces Q2 and Half Year results for the period ended June 30, CY2021 equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Analysts gung ho on this midcap even as top brass flags Covid risks SECTIONS Share iStock Related NSE NEW DELHI: Schaeffler India s March quarter earnings came in better than analyst estimates, as it managed to offset the pressure of rising commodity prices through cost discipline and operating leverage. Sales got a boost from demand recovery in both automotive and industrial segments . Managing Director Harsha Kadam sounded caution on the volatile external scenario. But analysts are unfazed. Their price targets suggest up to 22 per cent potential upside for the stock. On Friday, the scrip of the midcap firm traded at Rs 5,302 apiece, up marginally in a depressed market. At this price, the stock trades below its historical average P/E of 28.6 times. ....
Eurozone suffers double-dip recession as pandemic impact continues (SPY -0.6%). Biggest premarket movers: Twitter, Skyworks Solutions, Western Digital. Here is the current market situation from CNN Money European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively. What Is Moving the Markets Here are the headlines moving the markets. Canadas Oil Patch Is Preparing For A Production Hike At a time when U.S. shale, OPEC+, and dozens of oil producers have laid out blueprints to limit production in a bid to return the global oil industry to its former glory, CanadasOil Patch appears to be merely paying lip service to the notion of keeping production subdued. Like everybody else, Canadas oil and gas producers have been preaching capital discipline and assuring investors they have no intention of boosting spending, preferring to return capital to investors mainly in the form ....
Schaeffler India jumped 4.88% to Rs 5435 after the company reported 78.1% jump in net profit to Rs 139.54 crore in Q1 March 2021 from Rs 78.35 crore in Q1 March 2020. Net sales during the quarter increased by 41.8% year-on-year (YoY) to Rs 1,316.82 crore. Profit before tax (PBT) in the first quarter stood at Rs 185.97 crore, up 69% from Rs 110.07 crore reported in the same period last year. Commenting on the results, Harsha Kadam, managing director, said, After a strong come back in the second half of 2020, we posted another strong quarter aided by the continued demand uptick and new business wins. While the revenues during the quarter have been one of the best so far, rising commodity costs put pressure on margins, while we continue our focus on cost discipline. ....
Schaeffler India Limited announces Q1 results for the period ended March 31, 2021 equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.