Schaeffler India Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Published 4 Aug 2026 | Auto Components | Market Cap: ₹63.9K Cr

Schaeffler India Limited aims for continued double-digit growth in revenue and sales. Management expects continued focus on emerging and existing sectors, including electric vehicles and localization of production, supporting growth.

From Schaeffler India Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Price

₹4,018

Market Cap

₹63.9K Cr

P/E Ratio

49.5

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Schaeffler India Ltd — Quarterly revenue & net profit

Revenue Net Profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹2.5K Cr, net profit ₹320 Cr.

Full financials →

📊 Revenue & Sales Performance

→Schaeffler India Limited aims for continued double-digit growth in revenue and sales.
→Domestic business remains a critical growth focus, constituting about 85% of total business.
→Automotive Technologies segment grew 18.7% in nine months; Bearings and Industrial Solutions grew 4.1%.
→Export business grew 27.5% year-to-date but caution on sustaining double-digit export growth due to global conditions.
→Growth drivers include increased localization, new product launches (e.g., large-sized SRB), and capacity expansions.
→Anticipated demand uplift due to GST reforms expected to strengthen automotive segment sales.
→Industrial sectors like wind, railways, 2-wheelers, off-road, and industrial automation show positive growth with some timing differences in projects.
→E-commerce segment (KRSV/Koovers) targeting breakeven by 2027, indicating future contribution potential.
→Capacity utilization, notably Savli plant at ~90%, supporting scale-up for future growth.

📈 Profitability & Margins

- Management expects continued focus on emerging and existing sectors, including electric vehicles and localization of production, supporting growth. - Capex for 2026 is expected to improve over current year, with significant pickup from 2027 onwards. - No specific EBITDA margin guidance was provided due to variability across sectors; aim is to sustain year-to-date operating performance. - Automotive Technologies segment showed strong growth (~28%), with EV-related business ramping up. - Industrial segment growth varies due to project/tender timing; overall industrial market growth remains stable (~4.5% annually). - Export growth partly due to a low base; cautious outlook on sustained double-digit export growth. - KRSV (e-commerce platform) losses expected to continue till 2027 breakeven. - Management optimistic about leveraging existing capacity for improved profitability and margin expansion with sustained double-digit revenue growth. Overall, the outlook is cautiously optimistic with sustained double-digit top-line growth and stable margins, relying on capacity utilization and new business wins.

🏗️ Capital Expenditure Plans

→The company is focusing on investments both in existing and emerging sectors, particularly to localize production instead of importing, mainly supporting the bearings portfolio.
→Investments are being made in emerging sectors like electric vehicles, with business wins already secured and capacity investments underway in a phased manner.
→Capex in 2025 has been around 4% of sales, with a focus on leveraging existing assets and improving capital efficiency rather than large new investments this year.
→Capex is expected to pick up and be higher than the current year starting from 2027, with moderate increases anticipated from 2026.
→The strategy includes expanding capacities, localizing production, launching new products not previously manufactured in India, and increasing digital content in offerings.
→The company aims to sustain and grow its operating performance while balancing investments strategically.

💰 Fundraising & Capital Structure

→The transcript provided from the November 3, 2025 earnings call of Schaeffler India Limited does not mention any current or planned fundraising through debt or equity.
→The company discusses capex investments focusing on capacity expansion and localization but does not specify raising funds via equity or debt.
→Free cash flow generation is strong (INR 223 crores for the quarter; INR 747 crores over nine months), indicating internal funding for capex.
→No questions or answers in the Q&A session address fundraising plans.
→Overall, there is no disclosed intention for new fundraising through debt or equity in the near future based on the available document.

📋 Order Book & Pipeline

→The e-axle segment has a lifetime order book valued at EUR 300 million.
→The revenue from the e-axle order book is not evenly spread but aligned with customers' ramp-up plans (Harsha Kadam, page 12).
→New product launches, like the large-sized SRB manufactured at the Savli plant, have just started; detailed market size and order book data are not yet disclosed (Harsha Kadam, page 17).
→Industrial sectors such as railways and wind energy experience timing differences due to tender-based and project-based orders, causing seesaw effects in order execution (Harsha Kadam, page 10).
→The company sees steady industrial growth (~4–5%) and is not concerned about private sector capex weakening the segment (Harsha Kadam, page 10).
→Double-digit growth in intercompany exports is currently driven by a low base, with cautious outlook for future similar growth levels (Hardevi Vazirani, page 10).

Key Metrics

What Schaeffler India's management said in earlier quarters

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Frequently Asked Questions

What were Schaeffler India Ltd Q2 FY26 results?

What is Schaeffler India Ltd share price analysis?

Schaeffler India Ltd currently shows a neutral. The stock trades at a P/E of 49.5 with a market cap of ₹63,920 Cr. Investors should review the full earnings analysis for detailed insights.

Is Schaeffler India Ltd planning capital expenditure?

The company is focusing on investments both in existing and emerging sectors, particularly to localize production instead of importing, mainly supporting the bearings portfolio.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.