Schaeffler India Boosts Dividend to ₹28 Per Share Amid Strong Performance

Schaeffler India Ltd posted solid financial numbers for Q4 2024 and announced a higher dividend. The consolidated revenue from operations of the company totaled ₹21.36 billion, with profit of ₹2.37 billion. In a notable initiative, the Board of Directors approved the payment of a dividend of ₹28 per equity share compared to ₹26 in the last year. This is a 7.7% dividend payout increase, a testament to the strong performance of the company and its dedication to shareholders' returns. The dividend, as subject to shareholders' approval, will be distributed within 30 days from the next Annual General Meeting. Schaeffler India shares closed at ₹3,114.05, an increase of 0.76% from the previous close.

 

Source: Schaeffler India Ltd Board Meeting Outcome, February 27, 2025