Schaeffler India revenue reaches 30,058 million rupees, up 27.4% year on year

Key Facts

Schaeffler India said net revenue from operations was 30,058 million rupees in the quarter ended September 30, 2026, up 27.4% from the same period a year earlier and 12.1% from the previous quarter. The company posted net profit of 3,704 million rupees for the quarter, with no year-on-year comparison for net profit included in the disclosure. Chief Executive Harsha Kadam said performance benefited from "strong demand in the automotive sector, as well as stronger-than-expected industrial production in the country." The company said its domestic business and inter-company exports recorded double-digit growth. Revenue expansion was accompanied by an increase in profit before tax and exceptional items, but profitability margins declined from the year-earlier and previous-quarter periods.

Profit before tax and exceptional items was 4,970 million rupees, up 20.4% year on year. However, its margin fell to 16.5%, compared with 17.5% in the same period last year and 16.9% in the previous quarter. This puts revenue and profit growth against successive margin declines in both comparisons cited by the company. Kadam attributed some of the pressure on earnings quality to higher input costs and a weaker rupee. These factors coincided with double-digit growth in domestic business and inter-company exports, according to the company’s disclosure.

For the nine months ended September 2026, net revenue from operations reached 81,942 million rupees, up 21.4% year on year. Net profit for the period was 10,268 million rupees, while the net profit margin was 12.5%. The margin was 12.9% in the year-earlier period. The nine-month figures show revenue growth extending beyond the latest quarter, alongside a decline in the net profit margin from its year-earlier level. The results provide a cumulative picture of the company’s performance through the end of September, alongside quarterly comparisons showing higher revenue and a lower pre-tax, exceptional-items margin.

The results come amid an expansion in Indian economic activity, with the preliminary composite output index rising to 56.7 points in October from 55.9 points in September, its fastest expansion since June. A reading above 50 points indicates growth in activity. In the preliminary October survey, the services activity index rose to 56.2 points from 55.2 points in September, while the manufacturing purchasing managers’ index fell to 54.9 points from 55.1 points. Both indexes remained in expansion territory despite moving in different directions during the month. HSBC’s chief economist for India said improved growth in private-sector activity came alongside faster output and new orders.

Official industrial production data available for August showed the index grew 8.0% year on year, compared with 6.7% in July in the quick estimate. Manufacturing of motor vehicles, trailers and semi-trailers rose 25.2% in August from the same month a year earlier, with motor vehicle parts and components among the important contributors to growth in the group. The core industries index also grew 7.9% year on year in September, compared with 5.9% in August in the final reading. Iron ore, electricity, coal and refinery products led the index’s growth in September, while cumulative growth in April-September was 5.1%, against 2.5% in the corresponding period a year earlier. These indicators place the company’s demand against industrial growth spanning vehicle production and core industries, alongside mixed October signals from manufacturing and services.

Markets are awaiting publication of India’s September industrial production quick estimate on October 28, 2026, according to the date announced by the Indian Ministry of Statistics. The data will provide a new reading on the trajectory of output after the results recorded in August. Another upcoming date for investors is Schaeffler India’s results presentation on October 29, 2026, according to the investor presentation calendar published by the company. The presentation will offer an opportunity to track demand and input costs after the quarterly figures were announced. Cost pressures and a weaker rupee remain among the factors the company said partly affected earnings quality, as revenue recorded year-on-year and quarterly growth.