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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹2,586 Cr
verified against source
Revenue YoY
18.8%
reported change
EBITDA
₹483 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Schaeffler India delivered a robust Q1 FY26 with revenue of ₹2,570 crore (+18.8% YoY) and EBITDA of ₹483 crore (19.3% margin). Automotive technology led growth at 30.8% YoY, driven by strong ICE and hybrid demand, while exports surged 32.5% YoY on intercompany orders. Industrial bearings saw a planned recalibration due to pricing pressure and liquidity crunch in the aftermarket, leading to a 14.3% QoQ decline. Management guided for full-year export growth of 10-12% and capex of ₹400-500 crore. Key risk: supply chain disruptions from Middle East tensions and inability to fully pass on input cost inflation (6-18 month lag).
Colored figures show movement against the previous available record.
Guidance to track
- Exports expected to grow 10-12% for CY26, driven by strong intercompany order book from multiple regions.
- Capital expenditure planned in the range of ₹400-500 crore, picking up from last year's rationalized level.
- Input cost increases from Middle East crisis will be passed on over 6-18 months, with first batch from Q2 onwards.
Risks flagged
- Geopolitical tensions have choked fuel supply chains, increasing input costs; management has set up crisis teams but impact may persist.
- Intensifying competition from local and MNC players is forcing recalibration of product portfolios, potentially impacting market share.
- Distributor cash flow issues led to lower demand in industrial aftermarket; though seasonal, it could recur if economic conditions worsen.
- Full recovery of input cost increases may take up to 18 months, pressuring margins in the interim if commodity prices remain elevated.
Key quotes
- We want to continue to deliver the value that we commit to our stakeholders and if we have to do that calibration is always a part and parcel of the game.
- It takes somewhere between 6 months to 18 months to have the full recovery. We had first batch of price increases realizing from Q2 onwards.
- Our intent clearly is to source as many child parts as possible from within India which means our supplier development activities are in full swing.
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