Schaeffler India Limited has informed the Exchange about Transcript
SCHAEFFLER · price
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Schaeffler India filed the transcript of its Q1 CY24 earnings call held on April 26, 2024. Revenue from operations stood at INR 1,849 crores, up 9.2% year-on-year but largely flat versus the previous quarter. EBITDA came in at INR 338.8 crores with an 18.3% margin (up from 17.9% in Q4), while profit after tax was INR 227.7 crores at a 12.3% margin. Domestic growth was healthy at 12.4%, though exports dipped year-on-year by about INR 20 crores due to weak European and Asian demand, they still rebounded 19.6% sequentially. The company also restructured into four new divisions from April 1, 2024, including a new E-Mobility vertical, and flagged continued new business wins in commercial vehicle transmissions, Vande Bharat train bearings, wind gearboxes, and an e-axle order progressing on committed timelines.
For shareholders, the results show resilient margins and steady domestic growth despite market headwinds, which is a positive signal. The creation of a dedicated E-Mobility division, strong order pipeline visibility, and progress on the e-axle and Hosur plant suggest the company is positioning itself well for long-term growth, particularly in electric mobility and industrial segments.