Schaeffler India Limited’s Board of Directors has declared and approved a dividend of ₹28 per equity share.
On April 21, 2025, Schaeffler share price opened at ₹3,288.00 and closed at ₹3,290.00, up by 0.84%. The stock price touched its day’s high at ₹3,324.50.
The Board of Directors has proposed a dividend of ₹28 per equity share (face value ₹2 each) for the financial year ending December 31, 2024, an increase from ₹26 per share declared for CY2023.
The record date to determine the list of eligible shareholders for the dividend payment is set for Wednesday, April 23, 2025. The dividend will be disbursed within 30 days from the date of the meeting.
For the twelve-month period ending December 2024, the company reported a net revenue from operations of ₹80,763 million, reflecting an 11.8% increase compared to the same period in 2023. Profit before tax (PBT), excluding exceptional items, stood at ₹13,175 million, registering a 7.3% growth over the previous year. The PBT margin for the year was 16.3%, slightly lower than 17.0% in 2023.
Net profit for the twelve months was ₹9,777 million, with a net profit margin of 12.1%, down from 12.6% in the corresponding period of the previous year.
Schaeffler delivers cutting-edge technologies, products, and solutions focused on electric mobility, CO₂-efficient drive systems, chassis innovations, and renewable energy. In India, the company operates four manufacturing facilities located in Pune, Savli, Maneja, and Hosur, along with three R&D centers and eight sales offices. Backed by a robust presence in both the industrial and automotive aftermarket segments, Schaeffler India ensures seamless nationwide access to its offerings for customers across the country.
Also Read: Corporate Actions in Focus This Week (Apr 21).
The company’s last dividend declaration was a final dividend of ₹26 per share, with a record date of April 19, 2024.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Apr 22, 2025, 8:02 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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