Schaeffler India

“Quarter-on-quarter, there are timing differences, but we see that we will be able to maintain for full year the double-digit growth.”

“It can be slightly up, but I cannot put an exact number to it because the budgets are still under preparation.”

“So, Savli as well as Shoolagiri will continue to have the construction on new halls next year as well.”

“I'm averaging close to this number.”

“The plants are at full capacity utilization levels.”

“Business wins, which I show every quarter is for the domestic market, Indian market, okay? And surely, those we have started to ship because we clearly have the time frames.”

“And we have seen good order book coming from Europe and Asia Pacific, and we are able to fulfill with the capacities that are available mainly in the bearing side.”

“our export business, which we call it as intercompany, delivered 12.7% over the preceding quarter and 46.3% over the same period last year.”

“Automotive sector clearly grew by 17.3% over the preceding quarter and 35% over the same quarter last year.”

“While the aftermarket Vehicle Lifetime Solutions grew 2% over the preceding quarter has also delivered a 22% growth over the Q3 of 2025.”

“The Bearings and Industrial Solutions also has delivered 10.2% growth over the preceding quarter. And as you can see here, 14.7% over the same period last year.”

“our Automotive Technologies still continue to be at about 37% of the revenue, Bearings and Industrial Solutions coming in close second with 35%, followed by our export, which has cropped up from 15% in the last quarter to 17%”

“It is because of an unbudgeted increase in the demand for e-mobility. We had not planned that such a sharp increase will come in Q3 and Q4, but it has come now.”

“Predominantly a large part of our export or most of it is towards the industrial sectors. And the portfolio is mainly bearings, okay?”

“We don't have any such indications at least from our group companies.”

“Actually, if you look at the industrial sector, railways is still a lot of tenders based.”

“that this is going to go well into 2027, at least for some quarters of 2027. That's the indication. But beyond that, we do not have so much visibility.”

“This has resulted into an EBITDA of 18.7% in the quarter of this year compared to the preceding quarter of 19.1%.”

“And as a percentage of quarterly sales, it is around 1.1% approximately. And 50% of it is already recovered.”

“Historically, we have been able to recover approximately 80% to 85% of such price increases, and we are very confident that the sales teams will succeed this time as well.”

“So, it takes close to 4 to 6 months for the recovery. And mostly, it is retrospective effect and the negotiations continue for four to six months, I would say.”

“a gross margin improvement brought in about INR 192 crores within the quarter.”

“we registered only INR 41 crores of free cash coming into the system, which was phenomenally lower percentage, as compared to the preceding quarter as well.”

“What you would see is the increase in working capital, which has gone up and as a percentage of sales has crept to almost 19% levels.”

“In this quarter of Q4, our work is clearly cut out to keep the focus on working capital management and the free cash flow recovery as well.”

“The reason for this is we did have some planned increases - due to our localization projects, we have to continue to service the customers.”

“And very likely, these inventories will be sold out. So, by December, we will see the correction.”

“First and foremost, there is no such plan of merger of Vitesco India with Schaeffler India Limited on the cards as of now.”

“So, what it means is that Vitesco could still be producing the part, but Schaeffler India Limited is selling the part.”

“There is no competition at all because products that Schaeffler India Limited produces are complementary, there is no competition.”

“we clearly keep our focus to recover the situation in this quarter, fundamentally, which is coming on the back of the West Asia crisis.”

“Some challenges on the price recoveries from our customers due to the inflationary increases, which is still work in progress for us and also on the account receivable situation,”

“And at the same time, they consider Vietnam, Indonesia, Mexico as well. So, it is not that they will put all the eggs in one basket.”

“A cautionary trend is on the inflation. As you can see, the Consumer Price Index, food prices have started to increase”

“Also, our input component level inputs going through the logistical challenges that we are having because of the West Asia as well. We felt it while the market is very bullish here, so it was important for us to shore up the stocks and inventory so that we keep our operations running.”

“what we were able to bring into the company was a revenue of INR 3,005 crores for the third quarter, which was a 27.4% growth over the same quarter last year and a 12.1% growth over the preceding quarter.”

“Translate that to the nine-month period, what you see is a 21.4% growth over last year at a nine-month period and with an EBITDA margin of 19% and an EBIT margin of 15.8%, still a strong profit after tax margin of 12.5%.”

“INR 562 crores coming into the quarter at an EBITDA level, which is a clear 9.4% improvement over the preceding quarter and an 18% improvement over the same period last year.”

“the profit after tax came down to 12.3% in the quarter, bringing in about INR 370 crores.”

“And again, it is an intent. It is not an action that is implemented.”