Schaeffler India reported net profit of Rs 128.13 crore in Q2 June 2021 as against net loss of Rs 42.47 crore in Q2 June 2020. Net sales rose 180.92% to Rs 1232.89 crore in Q2 June 2021 over Q2 June 2020.

Schaeffler India is a leading industrial and automotive supplier. It manufactures high-precision components and systems for powertrain and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications.

The stock hit a record high of Rs 8,377.20 in early trade today. It has risen 126.93% from its 52-week low of Rs 3,450 hit on 19 October 2020.