Schaeffler India Ltd.
SCHAEFFLERConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
12 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 12 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| ANALYST_MEET | 20231101 | 2023-09-30 | yes | |
| ANALYST_MEET | 20240223 | 2023-12-31 | yes | |
| ANALYST_MEET | 20240503 | 2024-03-31 | yes | |
| ANALYST_MEET | 20240730 | 2024-06-30 | yes | |
| ANALYST_MEET | 20241030 | 2024-09-30 | yes | |
| ANALYST_MEET | 20250306 | 2024-12-31 | yes | |
| ANALYST_MEET | 20250506 | 2025-03-31 | yes | |
| ANALYST_MEET | 20250730 | 2025-06-30 | yes | |
| ANALYST_MEET | 20251107 | 2025-09-30 | yes | |
| ANALYST_MEET | 20260303 | 2025-12-31 | yes | |
| ANALYST_MEET | 20260506 | 2026-03-31 | yes | |
| ANALYST_MEET | 20260728 | 2026-06-30 | yes |
SCHAEFFLER
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.
| Last close | 4,024.20 |
| 52-week range | 3563.3 – 4357.2 |
| Return 1M | 0.54% |
| Return 3M | -3.21% |
| Return 1Y | -1.5% |
| Return 3Y | 30.61% |
| Return 5Y | 177.22% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 2,761.00 |
| Other income | 37.00 |
| Total income | 2,797.00 |
| Cost of materials consumed | 1,278.00 |
| Purchases of stock-in-trade | 625.00 |
| Changes in inventories | -214.00 |
| Employee benefit expense | 161.00 |
| Finance costs | 1.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.74 | 0.00 |
| institutions foreign | 0.04 | 0.00 |
| institutions domestic | 0.16 | -0.00 |
| mutual funds | 0.15 | -0.00 |
| public | 0.26 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| ANALYST_MEET | 2026-06-30 | 12 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,854.00 | 1,875.00 | 1,873.00 | 2,107.00 | 2,116.00 | 2,136.00 | 2,435.00 | 2,724.00 | 2,586.00 | 2,761.00 |
| Other income | 31.00 | 30.00 | 31.00 | 25.00 | 28.00 | 35.00 | 28.00 | 43.00 | 42.00 | 37.00 |
| Total income | 1,884.00 | 1,905.00 | 1,904.00 | 2,132.00 | 2,144.00 | 2,171.00 | 2,463.00 | 2,768.00 | 2,628.00 | 2,797.00 |
| Cost of materials consumed | 781.00 | 743.00 | 838.00 | 850.00 | 832.00 | 769.00 | 1,064.00 | 1,106.00 | 1,156.00 | 1,278.00 |
| Purchases of stock-in-trade | 398.00 | 365.00 | 467.00 | 597.00 | 525.00 | 435.00 | 539.00 | 534.00 | 574.00 | 625.00 |
| Changes in inventories | -14.00 | 71.00 | -141.00 | -135.00 | -35.00 | 154.00 | -112.00 | 25.00 | -137.00 | -214.00 |
| Employee benefit expense | 115.00 | 115.00 | 127.00 | 148.00 | 140.00 | 127.00 | 151.00 | 171.00 | 147.00 | 161.00 |
| Finance costs | 2.00 | 1.00 | 1.00 | 2.00 | 1.00 | 1.00 | 1.00 | 2.00 | 1.00 | 1.00 |
| Depreciation and amortisation | 56.00 | 60.00 | 62.00 | 68.00 | 73.00 | 78.00 | 88.00 | 92.00 | 90.00 | 91.00 |
| Other expenses | 233.00 | 258.00 | 253.00 | 271.00 | 285.00 | 280.00 | 337.00 | 403.00 | 367.00 | 413.00 |
| Total expenses | 1,571.00 | 1,612.00 | 1,607.00 | 1,800.00 | 1,822.00 | 1,845.00 | 2,068.00 | 2,334.00 | 2,199.00 | 2,354.00 |
| Profit before exceptional items and tax | 313.00 | 293.00 | 298.00 | 332.00 | 322.00 | 326.00 | 395.00 | 434.00 | 429.00 | 443.00 |
| Exceptional items | 0.00 | -5.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 313.00 | 288.00 | 298.00 | 332.00 | 322.00 | 326.00 | 395.00 | 434.00 | 429.00 | 443.00 |
| Current tax | 82.00 | 80.00 | 73.00 | 89.00 | 84.00 | 88.00 | 102.00 | 123.00 | 104.00 | 125.00 |
| Deferred tax | -1.00 | -1.00 | 5.00 | -3.00 | 2.00 | 1.00 | 4.00 | -12.00 | 9.00 | -7.00 |
| Tax expense | 81.00 | 79.00 | 78.00 | 86.00 | 86.00 | 89.00 | 106.00 | 111.00 | 113.00 | 117.00 |
| Profit for the period | 233.00 | 210.00 | 220.00 | 245.00 | 236.00 | 237.00 | 289.00 | 322.00 | 316.00 | 326.00 |
| Profit attributable to owners | 0.00 | — | 0.00 | — | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 |
| Profit attributable to non-controlling interests | 0.00 | — | 0.00 | — | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | 0.00 | -4.00 | 1.00 | 0.00 | -0.00 | -5.00 | 1.00 | 0.00 | 4.00 | 0.00 |
| Total comprehensive income | 233.00 | 206.00 | 221.00 | 246.00 | 236.00 | 232.00 | 291.00 | 322.00 | 320.00 | 326.00 |
| Earnings per share, basic | 14.90 | 13.40 | 14.10 | 15.70 | 15.10 | 15.20 | 18.50 | 20.60 | 20.20 | 20.80 |
| Earnings per share, diluted | 14.90 | 13.40 | 14.10 | 15.70 | 15.10 | 15.20 | 18.50 | 20.60 | 20.20 | 20.80 |
Annual results, as filed
| Line | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Revenue from operations | 7,251.00 | 8,232.00 | 9,686.00 |
| Other income | 125.00 | 118.00 | 148.00 |
| Total income | 7,375.00 | 8,351.00 | 9,834.00 |
| Cost of materials consumed | 3,083.00 | 3,289.00 | 4,040.00 |
| Purchases of stock-in-trade | 1,494.00 | 2,025.00 | 1,986.00 |
| Changes in inventories | -75.00 | -156.00 | -94.00 |
| Employee benefit expense | 462.00 | 542.00 | 609.00 |
| Finance costs | 4.00 | 4.00 | 5.00 |
| Depreciation and amortisation | 223.00 | 282.00 | 344.00 |
| Other expenses | 965.00 | 1,088.00 | 1,382.00 |
| Total expenses | 6,157.00 | 7,073.00 | 8,272.00 |
| Profit before exceptional items and tax | 1,218.00 | 1,278.00 | 1,562.00 |
| Exceptional items | -5.00 | 0.00 | 0.00 |
| Profit before tax | 1,214.00 | 1,278.00 | 1,562.00 |
| Current tax | 320.00 | 334.00 | 424.00 |
| Deferred tax | -5.00 | 5.00 | -12.00 |
| Tax expense | 315.00 | 339.00 | 412.00 |
| Profit for the period | 899.00 | 939.00 | 1,150.00 |
| Profit attributable to owners | — | 0.00 | 0.00 |
| Profit attributable to non-controlling interests | — | 0.00 | 0.00 |
| Other comprehensive income | -4.00 | -4.00 | 1.00 |
| Total comprehensive income | 895.00 | 935.00 | 1,151.00 |
| Earnings per share, basic | 57.50 | 60.10 | 73.60 |
| Earnings per share, diluted | 57.50 | 60.10 | 73.60 |
Balance sheet, as filed
| Line | 2023-12-31 | 2024-06-30 | 2024-12-31 | 2025-12-31 | 2026-06-30 |
|---|---|---|---|---|---|
| Total assets | 6,267.00 | 6,629.00 | 6,883.00 | 8,213.00 | 8,512.00 |
| Non-current assets | 2,160.00 | 2,389.00 | 2,629.00 | 2,748.00 | 2,760.00 |
| Current assets | 4,106.00 | 4,240.00 | 4,254.00 | 5,465.00 | 5,752.00 |
| Property, plant and equipment | 1,185.00 | 1,358.00 | 1,720.00 | 1,957.00 | 1,870.00 |
| Capital work-in-progress | 491.00 | 545.00 | 449.00 | 334.00 | 445.00 |
| Goodwill | 82.00 | 82.00 | 82.00 | 82.00 | 82.00 |
| Other intangible assets | 79.00 | 74.00 | 69.00 | 59.00 | 55.00 |
| Inventories | 1,316.00 | 1,644.00 | 1,470.00 | 1,772.00 | 2,250.00 |
| Trade receivables | 1,056.00 | 1,352.00 | 1,293.00 | 1,657.00 | 1,785.00 |
| Cash and cash equivalents | 70.00 | 230.00 | 464.00 | 964.00 | 889.00 |
| Total equity and liabilities | 6,267.00 | 6,629.00 | 6,883.00 | 8,213.00 | 8,512.00 |
| Equity | 4,805.00 | 4,866.00 | 5,334.00 | 6,048.00 | 6,147.00 |
| Equity share capital | 31.00 | 31.00 | 31.00 | 31.00 | 31.00 |
| Other equity | 4,774.00 | 4,835.00 | 5,303.00 | 6,017.00 | 6,116.00 |
| Total liabilities | 1,461.00 | 1,763.00 | 1,548.00 | 2,165.00 | 2,365.00 |
| Non-current liabilities | 56.00 | 64.00 | 60.00 | 56.00 | 52.00 |
| Current liabilities | 1,405.00 | 1,699.00 | 1,488.00 | 2,108.00 | 2,313.00 |
| Borrowings, non-current | 0.00 | 49.00 | 0.00 | 41.00 | 0.00 |
| Borrowings, current | 0.00 | 0.00 | 0.00 | 14.00 | 0.00 |
| Trade payables | 1,066.00 | 1,351.00 | 1,128.00 | 1,683.00 | 1,928.00 |
Cash flow, as filed
| Line | 2023-12-31 | 2024-06-30 | 2024-12-31 | 2025-12-31 | 2026-06-30 |
|---|---|---|---|---|---|
| Net cash from operating activities | 884.00 | 1,285.00 | 840.00 | 1,290.00 | 389.00 |
| Net cash from investing activities | -595.00 | 395.00 | -25.00 | -341.00 | 92.00 |
| Net cash from financing activities | -386.00 | 412.00 | -421.00 | -449.00 | -556.00 |
| Purchase of property, plant and equipment | 520.00 | -368.00 | 744.00 | 464.00 | 233.00 |
| Net increase in cash | -97.00 | 2,092.00 | 394.00 | 500.00 | -75.00 |
| con:CFO.BEFORE_TAX | 1,182.00 | 1,114.00 | 1,154.00 | 1,693.00 | 589.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 48.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 297.00 | -124.00 | 314.00 | 403.00 | 200.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 1.00 | 0.00 | 1.00 | 1.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 74.13 | 74.13 | 74.13 | 74.13 | 74.13 | 74.13 | 74.13 | 74.13 | 74.13 | 74.13 | 0.74 | 0.74 | 0.74 | 0.74 |
| Domestic institutions | 15.57 | 15.88 | 15.47 | 15.69 | 15.93 | 14.74 | 15.17 | 15.64 | 16.06 | 16.00 | 0.16 | 0.16 | 0.16 | 0.16 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 14.78 | 0.15 | 0.15 | 0.15 | 0.15 |
| Insurance companies | 1.23 | 1.32 | 1.21 | 1.09 | 1.05 | 1.03 | 1.25 | 1.25 | 1.15 | 1.06 | 0.01 | 0.01 | 0.01 | 0.01 |
| Foreign institutions | 4.40 | 4.04 | 4.52 | 4.35 | 4.38 | 5.73 | 5.15 | 4.71 | 4.49 | 4.58 | 0.04 | 0.04 | 0.04 | 0.04 |
| Public | 25.87 | 25.87 | 25.87 | 25.87 | 25.87 | 25.87 | 25.87 | 25.87 | 25.87 | 25.87 | 0.26 | 0.26 | 0.26 | 0.26 |
| Non-institutional | 5.90 | 5.95 | 5.89 | 5.83 | 5.56 | 5.40 | 5.55 | 5.52 | 5.32 | 5.30 | 0.05 | 0.05 | 0.05 | 0.05 |
| Shares outstanding | 156303670 | 156303670 | 156303670 | 156303670 | 156303670 | 156303670 | 156303670 | 156303670 | 156303670 | 156303670 | 156303670 | 156303670 | 156303670 | 156303670 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-12-31, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Schaeffler Technologies AG & Co.KG. Germany | Foreign Group Companies | Any other transaction, Purchase of fixed assets, Pur | 11,176,460,000.00 | 5 |
| Schaeffler (China) Co. Ltd., China | Foreign Group Companies | Any other transaction, Purchase of fixed assets, Pur | 1,838,570,000.00 | 4 |
| Schaeffler Group USA, Inc., USA | Foreign Group Companies | Any other transaction, Purchase of fixed assets, Pur | 746,840,000.00 | 4 |
| Schaeffler Trading (Shanghai) Co. Ltd. China | Foreign Group Companies | Any other transaction, Sale of goods or services | 710,790,000.00 | 2 |
| Schaeffler Friction Products (Suzhou) Co., Ltd., China | Foreign Group Companies | Purchase of goods or services | 535,540,000.00 | 1 |
| Schaeffler Brasil Ltda., Brazil | Foreign Group Companies | Any other transaction, Purchase of goods or services | 529,070,000.00 | 3 |
| Schaeffler Vietnam Co. Ltd., Vietnam | Foreign Group Companies | Any other transaction, Purchase of goods or services | 484,790,000.00 | 3 |
| PT. Schaeffler Solutions Indonesia formerly Schaeffler Beari | Foreign Group Companies | Any other transaction, Purchase of goods or services | 404,130,000.00 | 3 |
| Schaeffler Vehicle Lifetime Solutions Germany GmbH & Co. | Foreign Group Companies | Any other transaction, Purchase of goods or services | 398,670,000.00 | 3 |
| KRSV Innovative Auto Solutions Pvt. Ltd., India | Subsidiaries | Any other transaction, Interest received, Loan, Purc | 293,620,000.00 | 5 |
| Schaeffler Korea Corporation, Korea | Foreign Group Companies | Any other transaction, Purchase of goods or services | 283,740,000.00 | 3 |
| Schaeffler Manufacturing (Thailand) Co. Ltd., Thailand | Foreign Group Companies | Any other transaction, Purchase of goods or services | 240,310,000.00 | 3 |
| Schaeffler Savaria Kft. Hungary | Foreign Group Companies | Any other transaction, Purchase of goods or services | 214,060,000.00 | 3 |
| Schaeffler Automotive Buehl GmbH & Co. KG, Germany | Foreign Group Companies | Any other transaction, Purchase of goods or services | 181,720,000.00 | 3 |
| Schaeffler (Singapore) Pte. Ltd., Singapore | Foreign Group Companies | Any other transaction, Purchase of goods or services | 171,060,000.00 | 3 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-07-28 | Q1FY27 | CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, RELATIONS | Read the call |
| 2026-05-06 | Q4FY26 | AND CHIEF EXECUTIVE OFFICER, AND CHIEF FINANCIAL OFFICER | Read the call |
| 2026-03-03 | Q3FY26 | CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER | Read the call |
| 2025-11-07 | Q2FY26 | CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER | Read the call |
| 2025-07-30 | Q1FY26 | CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER | Read the call |
| 2025-05-06 | Q4FY25 | CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER | Read the call |
| 2025-03-06 | Q3FY25 | CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER | Read the call |
| 2024-10-30 | Q2FY25 | CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER | Read the call |
| 2024-07-30 | Q1FY25 | SCHAEFFLER INDIA LIMITED | Read the call |
| 2024-05-03 | Q4FY24 | CHIEF FINANCIAL OFFICER, EXECUTIVE OFFICER | Read the call |
| 2024-02-23 | Q3FY24 | CHIEF FINANCIAL OFFICER, EXECUTIVE OFFICER | Read the call |
| 2023-11-01 | Q2FY24 | Read the call |
What they said about it, quarter by quarter
| Topic | Q2FY25 | Q2FY26 | Q3FY24 | Q3FY25 | Q3FY26 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | Our capex strategy Schaeffler India Limited October 24, 2024 PUBLIC remains a long-term strategy, and we have consistently continued to invest every q… | All in all, at the capex, we have invested already close to INR 267 crores for the nine-month period in this year. | Sir, my question is again on industrials from a CAPEX angle. | So just wanted to check what are our capex plans for both CY’25 and CY'26? | I now move to the working capital and the capex spend on Slide number 13. | We have been talking about CAPEX of INR 1,500 crores over the next three years. | We were also careful in terms of managing our capex spending. | Actually, my questions are answered, though I wanted to know if there is any color for the capex for this year, 2026? |
| Capital allocation | So, as you know, Koovers was a very clear strategic acquisition, knowing that it is an e-commerce platform, which is a very different model of busines… | And like any other start-up business, the breakeven is expected in fourth or fifth year of acquisition. | Vitesco has been a strategic global acquisition for Schaeffler AG. | With a lot of sensors and data acquisition diagnostic sensors that are there. | And with that, I now move to another important subject, which is the dividend payout on Slide number 16. | First, the name of the company is Vitesco, and this globally is a strategic acquisition for Schaeffler fundamentally because as we are venturing more … | With the global acquisition that has happened, Vitesco in India still remains a different company altogether, although it is under the Schaeffler umbr… | What is, of course, needed is to expedite the process in terms of the business acquisition side, more we'll have to do that. |
| Costs | Plus, we have also garnered strategically strong projects, which we have won in the raw material sector and both on the spherical roller bearings as w… | On the Bearings and Industrial Solutions side, I need more clarity because the revenue was flat in Q3 despite significant wins in cement and raw mater… | — | Could you give us a broad mix of CY'24 revenues of bearings and industrial solutions segment in terms of two-wheelers, EVs, raw material sector, wind,… | Currently, we are paying duty in the range of 7.5% to 15% on import of raw material. | — | However, some of the core sectors like the wind energy and the raw material sectors and the 2-wheelers have performed very strongly for us there as we… | Bearings and Industrial Solutions, too, we had large, big wins in the quarter, particularly in the spherical roller bearings and in the housing area, … |
| Debt and cash | On this backdrop of a challenging quarter, we were able to yet deliver a sustained profitability performance with improved performance on the working … | Now that said, this has resulted in a reasonably strong free cash flow as well. | — | — | One of the highlights has been the strong focus on free cash flow generation, which, as you can see, we have been able to bring in INR 254 crores into… | — | So hence, you will see that our free cash flow also registered a strong numbers at INR 237 crores compared to the preceding quarter, which was INR 163… | The profit after tax, bringing in INR 319.7 crores, again, remaining compared to the first quarter, which was 12.8% and stronger free cash flow genera… |
| Demand | Obviously, while the automotive sector as such did show some sluggishness in the demand, on the industrial sectors, we did see some very strong tracti… | And in this quarter, in the month of November and December, we believe there would be some strong uptick in terms of passenger vehicle demand in the c… | How are you seeing basically the end demand from some of these key markets? | Sir, secondly, you mentioned that you have been rationalizing the capex because of the slightly muted demand environment. | As you can see from the GDP growth in India, India's momentum reflects a combination of domestic demand resilience, structural reform continuity and a… | Hardevi Vazirani So, the order book looks promising at this point of time. | We definitely saw bright spots even in the passenger vehicle demand going up. | Also, some of the sectors, we have seen some liquidity crunch in the market as a result of which the demand offtake came down a bit in the specific se… |
| Guidance | And we anticipate this is going to happen for the next quarter as well as the first quarter of the calendar year is always start off on always a lower… | So hence, there was a delay we expect that, that should be done with. | For the next 2 years, still we are holding that CAPEX guidance. | — | So surely, there will be benefits coming our way, specifically when we talk about import of raw materials and components, the child part, where we exp… | So, all in all, we expect by the end of this year the entire project to be completed. | Yes, if further recovery happens, that is the geopolitical situation improves, we expect better results. | Firstly, on the demand side, for the industrial space, can you indicate how do you see the outlook for CY 2026? |
| Margin | And we ended the quarter with an EBITDA of INR 382 crores coming into the system as such with an 18.5% EBITDA margin and the profit after tax stood at… | This also resulted into a strong bottom line performance we saw for the first time, our EBITDA margins, we were able to breach the 20% barrier and whi… | This 15% drop in exports attributes maximum part of the gross margin drop. | And the second one is with regard to KRSV, how much timeline you think will be required to turn it around on EBITDA or accelerate the momentum? | Schaeffler India Limited February 25, 2026 INTERNAL This volume growth also resulted in a strong EBITDA, as you can see, bringing in INR 5,056 million… | Hardevi Vazirani So, it is already impacting and that's why see we are able to sustain our EBITDA margins close to 18% despite having last year inflat… | That said, this has resulted in a strong EBITDA, as you can see, 19.3%. | But that said, you would see the EBITDA performance has remained well on track. |
| People | — | You said the capacity utilization is still less. | And with that, where are we in the overall utilization for bearings? | — | I'm happy to say that the last quarter, the capacity utilization in our plants have been pretty robust. | — | Obviously, our focus is now on to improve the capacity utilization in the capacities that we have already invested. | Second thing is even though our performance of the market appears lower, but overall, our capacity utilization are not impacted because we are compens… |
| Pricing | — | — | — | — | — | Could you give us a little bit of lever on bearings pricing both in the automotive as well as industrial bearings -- have we taken any price cuts in t… | — | So just a follow-up on this, the calibration is because of pricing pressures in the industry. |
| Revenue growth | When one looks at the 2 and 3-wheeler production numbers in the last quarter, certainly, the production numbers registered a strong growth of 13.9% in… | What definitely bode well for the economic growth was also the lower inflation rate in the third quarter, which stood at 1.7%. | Second, sir, on some of your key industrial markets, because clearly, when I look at some of your peers or even the overall industrial B2B space seems… | However, our top line growth is even more than the production growth, so we are at 76%. | Tractors, again a very strong growth of 17.2%, as you can see. | — | So, it has been a pretty good quarter performance for us in terms of top line growth. | On the Automotive Technology side, we've had an extremely strong growth at 31%. |