Schaeffler India Limited has announced its financial results for the first quarter ended March 31, 2026. The company reported a robust performance with revenue from operations reaching INR 2,507 crores, an increase of 18.8% compared to the same period last year. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the transcript of the analyst meet held on April 30, 2026, has been made available on the company's website.

Financial Performance

The company delivered an EBITDA of INR 483 crores for the quarter, maintaining a healthy margin of 19.3%. The Profit After Tax (PAT) stood at INR 319.7 crores, registering a year-on-year growth of 12.8%. While the top line showed strong annual growth, it declined by 5.1% on a quarter-on-quarter basis due to specific recalibrations in product portfolios and liquidity constraints in certain market sectors.

Segmental Performance

The Automotive Technologies segment grew by 30.8% year-on-year, driven by strong traction in the ICE engine and hybrid technology platforms. Vehicle Lifetime Solutions posted a growth of 18.1% over the previous year. However, the Bearings and Industrial Solutions segment saw a 14.3% decline quarter-on-quarter due to strategic recalibration and a liquidity crunch in the industrial aftermarket. Exports posted robust growth, increasing by 32.5% year-on-year and 6.6% quarter-on-quarter.

Operational Highlights

Management highlighted that the company's localization levels have reached 80%. The company secured new business wins in transmission applications, heavy-duty clutches, and hydraulic cam phasers during the quarter. Capex for the quarter was moderated to INR 80 crores, with full-year capex expected to be in the range of INR 400 crores to INR 500 crores. Free cash flow for the quarter was positive at INR 137 crores.

Outlook

Despite supply chain headwinds stemming from geopolitical situations in West Asia, the company remains optimistic about sustaining growth. The management indicated that the automotive sector demand trend is expected to remain robust, while the industrial sector is experiencing mixed speeds with specific end markets like infrastructure performing well.

Schaeffler India Limited has announced the outcome of its 63rd Annual General Meeting held on April 30, 2026, through video conferencing. All five resolutions were passed with requisite majority, including adoption of audited financial statements for the year ended December 31, 2025, declaration of dividend, re-appointment of a director, appointment of statutory auditors for five years, and ratification of cost auditor remuneration. The voting results were submitted to BSE and NSE pursuant to Regulation 30 of SEBI Listing Regulations.

Voting Participation Overview

The e-voting facility was available from April 27, 2026, at 9:00 a.m. IST to April 29, 2026, at 5:00 p.m. IST. The record date for determining eligibility was April 23, 2026. A total of 69,534 shareholders were eligible to vote, with 57 shareholders attending through video conferencing, including 4 from promoters and promoter group and 53 from public.

Resolution Results Summary

All five ordinary resolutions received overwhelming approval from shareholders. The adoption of financial statements saw 145,717,698 votes in favour against 25 votes against. The dividend declaration resolution received 145,767,897 votes in favour with 25 votes against. Director re-appointment for Jens Schüler passed with 145,520,232 votes in favour and 202,327 votes against, representing 99.86% approval.

Financial Performance Highlights

The AGM presentation showcased strong financial performance for 2025. Revenue reached ₹93,953 mn with EBITDA margins of 19.6%. The company declared a dividend of ₹35 per share with a payout ratio of 46% and ROCE of 26.0%. Revenue has grown consistently from ₹55,605 mn in CY 21 to ₹93,953 mn in CY 25, while EBITDA margins improved from 17.9% to 19.6% over the same period.

Business Division Performance

All four business divisions demonstrated year-on-year growth. Bearings & Industrial Solutions led with ₹36,855 mn revenue and 39% business share, followed by Automotive Technologies at ₹31,372 mn with 24.6% growth. Vehicle Lifetime Solutions recorded ₹11,398 mn revenue with 12.2% growth, while Intercompany Exports & Others achieved the highest growth rate of 32.7% to reach ₹14,328 mn.

Strategic Initiatives and ESG Excellence

The company commissioned its fifth manufacturing facility at Shoolagiri, featuring 108,000 sqm total land plot with 16,500 sqm executed in phase 1. Schaeffler India achieved 100% renewable energy consumption with 2,046 MWh energy savings and 37,241 tCO2e emissions averted. The company ranked 1st in India under machinery and electrical equipment category and scored 76/100 in S&P Global Corporate Sustainability Assessment 2025, joining Dow Jones Sustainability Indices.