Schaeffler India Q2 FY26: PAT up 22%, revenue 15%

Key takeaway from the quarter

Schaeffler India Ltd reported higher revenue and profit in Q2 FY26, supported by growth in automotive-linked demand and exports. Consolidated revenue for the quarter was reported at ₹2,434.65 crore, up 15.04% year-on-year (YoY). Consolidated profit after tax (PAT) rose to ₹289.26 crore, up 22.36% YoY.

The company’s results were disclosed on October 31, 2025, according to the information shared in the provided data. Alongside revenue growth, the update also pointed to steady operating performance, with commentary indicating margins breached the 20% level during the quarter.

What Schaeffler India reported for Q2 FY26

The filing snapshot for Q2 FY 2025-26 shows total income at ₹2,463.04 crore, compared with ₹2,395.62 crore in the previous quarter (Q1 FY26). On a YoY basis, total income increased from ₹2,143.92 crore in Q2 FY25, translating into 14.9% growth.

On costs, total expenses were reported at ₹2,067.56 crore for Q2 FY26. That is higher than ₹2,004.27 crore in Q1 FY26 and up from ₹1,821.93 crore in Q2 FY25. The dataset summarises this as a 3.2% quarter-on-quarter (QoQ) rise and a 13.5% YoY increase.

Profit before tax (PBT) in the same statement stood at ₹395.48 crore, up 1.1% QoQ and 22.8% YoY. Tax expense was ₹106.22 crore, which the summary notes was up 1.9% QoQ and 24.1% YoY. PAT was ₹289.26 crore, up 0.7% QoQ and 22.4% YoY.

Revenue and profit: consolidated vs standalone numbers

In addition to the total income table, the quarter’s revenue and PAT were also presented as consolidated and standalone metrics. Consolidated revenue was reported at ₹2,434.65 crore, up 15.04% YoY, while standalone revenue was ₹2,360.14 crore, up 13.86% YoY.

On profits, consolidated PAT for Q2 FY26 was ₹289.26 crore (up 22.36% YoY), while standalone PAT was ₹306.65 crore (up 24.08% YoY). The earnings per share (EPS) cited in the same block was ₹18.5 for consolidated and ₹19.6 for standalone, compared with ₹15.1 and ₹15.8 respectively in the year-ago period.

The provided summary also states that, in the consolidated view, revenue grew 2.8% QoQ and net profit increased 0.7% QoQ for Q2 FY26.

Management commentary and business drivers cited

The text excerpt accompanying the figures attributes growth to the automotive industry and the export business, calling out these as key contributors. It also states that the quarter’s revenue was about ₹2,360 crore in the context of standalone performance and that this represented 13.9% growth versus the same period last year, and 3.4% growth over the preceding quarter.

The same commentary notes that margins breached the 20% level for the first time, indicating margin expansion alongside revenue growth. Separately, a structured snapshot in the provided text lists an operating margin (OPM) of 20% versus 19% in the comparable prior period (a 100 bps improvement), along with operating profit (EBIT) of ₹467 crore.

Expenses, depreciation, and other income signals

Cost movement was a key part of the quarterly picture. The Q2 FY26 summary shows total expenses rising faster than revenue on a QoQ basis (3.2% vs 2.8%), while YoY expense growth (13.5%) broadly tracked the increase in total income (14.9%).

The snapshot also flags other income at ₹31 crore compared with ₹45 crore, described as lower due to a base effect. Interest cost was shown at ₹1 crore, characterised as flat and reflecting negligible debt. Depreciation was listed at ₹84 crore versus ₹77 crore, linked to a higher capex base.

These line items matter because they influence reported profitability even when operating performance is stable. In this quarter’s case, PAT still expanded strongly YoY, supported by higher revenue and improved margin.

Additional quarterly table: quarter ended Jun 2025 (separate dataset)

The provided data also contains a separate quarterly table labelled “Quarter ended Jun 25” with figures such as total revenue of ₹2,352.59 crore, operating income of ₹349.40 crore, and net income of ₹287.11 crore. This dataset shows total revenue up 11.66% YoY versus ₹2,106.84 crore and indicates diluted normalised EPS of ₹18.40.

It also lists total operating expense of ₹2,003.19 crore, depreciation and amortisation of ₹80.72 crore, and selling, general and administrative expenses of ₹151.46 crore. Since this table is explicitly labelled for a different period (Jun 2025), it should be read as a separate quarterly reference alongside the Q2 FY26 (Sep quarter) disclosure.

Snapshot table of the main reported numbers

Data Source: BSE and company announcements (as cited in the provided text).

Market impact and what investors typically track

For investors following auto component suppliers, the Q2 FY26 update puts focus on three measurable items: revenue growth, margin progression, and the pace of expense growth. The numbers show revenue rising at a mid-teens YoY rate, with PAT growth higher than revenue growth, consistent with the margin expansion claim.

The disclosure also highlights the mix of drivers, especially automotive demand and exports. For the sector, that matters because export orders can diversify revenue streams, while domestic auto demand can influence plant utilisation and operating leverage. At the same time, the cost line increased both QoQ and YoY, and the quarter included higher depreciation, which investors often interpret in the context of ongoing capex.

Why this quarter matters in the broader trend

Q2 FY26 continues a pattern of YoY growth across income and profits, as indicated by the comparisons to Q2 FY25. The step-up in PAT growth relative to total income suggests operating leverage or better product and segment mix, consistent with the cited 20% operating margin.

The results also include both consolidated and standalone views, which helps track performance across the group structure. Where standalone PAT exceeds consolidated PAT in the provided data, it signals that investors may want to read the full notes and segment disclosures in the company filing to understand consolidation impacts.

Conclusion

Schaeffler India’s Q2 FY26 results, announced on October 31, 2025, showed YoY growth in both revenue and profit, with consolidated revenue at ₹2,434.65 crore and consolidated PAT at ₹289.26 crore. Total income rose 14.9% YoY to ₹2,463.04 crore, while total expenses increased 13.5% YoY to ₹2,067.56 crore.

The quarter’s narrative was shaped by growth in automotive and exports, along with reported margin improvement beyond 20%. The next set of updates investors typically watch will be subsequent quarterly filings and any additional commentary on segment trends, costs, and capital spending in future disclosures.