Schaeffler India: Waiting for Growth
Moneylife Digital Team 11 May 2018
Schaeffler India Limited (SIL), part of the global Schaeffler group, manufactures various types of bearings used by industries. Schaeffler AG holds 51.35% in the Indian listed company through its wholly-owned subsidiary FAG Kugelfischer. For the quarter ending March 2018, the company reported a healthy growth in revenue at 13% year-on-year (y-o-y) while operating profit grew 4.5% y-o-y and...
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