Transcript of the Analyst call held on April 30, 2026
SCHAEFFLER · price
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Schaeffler India reported Q1 CY26 revenue of INR 2,507 crores, up 18.8% YoY, with EBITDA at INR 483 crores (19.3% margin) and PAT at INR 319.7 crores (12.8% growth). Automotive Technologies grew strongly at 30.8% YoY, while exports surged 32.5%. The Bearings & Industrial Solutions segment saw a 14.3% sequential drop due to planned portfolio recalibration amid intensifying competition and a liquidity crunch in the aftermarket. Management flagged cost pressures from fuel price increases due to Middle East supply chain disruptions and noted that price pass-through takes 6-18 months. The company maintained 80% localization, is in Phase 2 of e-axle localization, and upgraded full-year export growth outlook to 10-12%. No formal guidance is issued.
Schaeffler India delivered robust double-digit growth across segments, but the industrial bearings recalibration and cost headwinds from fuel inflation could weigh on near-term margin expansion. The strong export order book provides revenue visibility, though the company does not issue formal guidance.