Mumbai, Jul 23 (PTI) German auto parts maker Schaeffler India on Tuesday posted a 7 per cent increase in standalone profit after tax at Rs 253.54 crore in the June quarter.

The company posted a PAT of Rs 237.28 crore in the year-ago period, the company said in a regulatory filing.

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The revenue from operations for the quarter stood at Rs 2,071.93 crore, up 13 per cent from Rs 1,829.14 crore a year ago, it said.

"Progressing further into 2024, growth accelerated for our domestic business and momentum was sustained for intercompany exports. Margins were backed by the broad-based performance across businesses and focused approach on cost management," said Harsha Kadam, Managing Director and Chief Executive Officer, Schaeffler India.

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He said the company remains committed to delivering on its financial and operating metrics while creating long-term value for its stakeholders with its environment, social and governance framework.

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