Schaeffler India Q1 CY2026: Double Digit Growth Holds, Margins Stay Steady

Standalone revenue from operations in Q1 CY2026 was INR 25,070 million (INR 2,507.0 crore), up 18.8% YoY and down 5.1% QoQ.

Standalone EBITDA margin was 19.3% and PAT margin was 12.8% in Q1 CY2026.

Automotive Technologies 37%, Bearings and Industrial Solutions 35%, Intercompany Exports and Others 16%, and Vehicle Lifetime Solutions 12% (Q1 CY2026).

Management cited seasonality and liquidity crunch in industrial aftermarket/distribution, competitive intensity, and portfolio recalibration focused on profitability; segment was -14.3% QoQ in Q1 CY2026.

Management indicated that on a full-year run-rate, exports growth is likely around 10% to 12%, with order book described as solid across Europe, China, Southeast Asia, and Americas.

CFO indicated investment for 2026 in the range of INR 400 to 500 crore; Q1 CY2026 standalone capex was INR 78.8 crore.

CFO stated full recovery generally takes 6 to 18 months, and for full realization it can take close to six quarters, with initial realization starting from Q2 onwards.