Schaeffler India Ltd

- 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.

- 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.

- 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.

- 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.

- 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).