Schaeffler India Ltd

Schaeffler India Limited has announced the appointment of Amit Bhalerao as its new Chief Operating Officer (COO), effective August 10, 2026. Bhalerao brings over 23 years of global leadership experience in manufacturing and operations. In his new role, he will oversee manufacturing operations across India, drive operational excellence, digital transformation, and enhance the company's customer-centric approach and growth agenda. He will be a key member of the Executive Leadership Team, focusing on manufacturing footprint, operational performance, localization, and future-ready capabilities. This appointment is expected to strengthen Schaeffler India's position as a leading Motion Technology Company in a strategic growth market.

Schaeffler India Limited announced its unaudited financial results for the quarter and half-year ended June 30, 2026. The Board of Directors also approved the appointment of Mr. Amit Dinesh Bhalerao as Chief Operating Officer and Senior Management Personnel, effective August 10, 2026. Mr. Bhalerao brings over 23 years of global experience in manufacturing and operations. The financial results were reviewed by Price Waterhouse Chartered Accountants LLP.

Schaeffler India Limited announced its financial results for the second quarter and half year ended June 30, 2026. The company reported a revenue from operations of INR 26,814 million for Q2'26, a 17.5% increase year-on-year and a 7.0% increase quarter-on-quarter. Profit Before Tax (PBT) before exceptional items for the quarter was INR 4,525 million, up 13.7% year-on-year, with a PBT margin of 16.9%. For the six months ended June 30, 2026, revenue grew by 18.1% to INR 51,884 million, and PBT increased by 16.5% to INR 8,782 million. The company highlighted continued double-digit growth in Automotive Technologies, Vehicle Lifetime Solutions, and Intercompany Exports, despite a volatile macro-economic landscape and cost pressures.

Schaeffler India delivered a steady June quarter with strong topline but profit growth lagging revenue. On a consolidated basis (primary), revenue from operations rose 17.3% YoY to ₹2,760.6 Cr (up 6.8% QoQ from ₹2,585.6 Cr) while net profit grew 13.5% YoY to ₹325.8 Cr (up 3.1% QoQ). Standalone told a near-identical story — revenue ₹2,681.4 Cr (+17.5% YoY) and PAT ₹336.7 Cr (+13.7% YoY) — so the divergence between the two is immaterial and driven only by the loss-making subsidiary. Consolidated basic EPS was ₹20.8 versus ₹18.4 a year ago. The print was topline-led: growth came overwhelmingly from Automotive Technologies, up 33.3% YoY to ₹940.3 Cr, and from intercompany exports up 23.8% YoY to ₹464.8 Cr, while Bearings & Industrial Solutions was soft at ₹942.9 Cr (+5.0%). Because profit (+13.5%) trailed revenue (+17.3%), margins compressed modestly — net profit margin eased to 11.8% from 12.2% a year ago and 12.0% last quarter, and EBITDA margin slipped to roughly 18.1% from ~18.5%. The squeeze sits on the material line: consumed materials plus traded-goods purchases ran near 61.2% of sales versus 60.7% a year ago, and depreciation rose 12.9% YoY to ₹91.1 Cr as the capex programme ramps. There were no exceptional items on either side, so reported and adjusted growth are the same. On expectations, no formal brokerage consensus for this specific quarter surfaced, and the company gives no formal revenue or margin guidance — so there is no numeric bar to score against. Against management's qualitative outlook from the last concall, the result confirms rather than contradicts: they had projected robust automotive demand and 10-12% export growth for CY26, and both showed up — auto +33% and exports +24%, the latter comfortably ahead of the guided range. The concurrent board actions are operational rather than financial: the appointment of Amit Dinesh Bhalerao as COO (effective Aug 10, 2026), a first-in-India BIS licence for cylindrical roller bearings, and two new directors. The one drag inside the consolidation is the wholly-owned subsidiary KRSV Innovative Auto Solutions, which lost ₹17.4 Cr in the quarter and pulls consolidated PAT below standalone. Going into next quarter, the swing factor is margin. Management earlier flagged input-cost inflation being managed through staggered price hikes with full realisation expected over 6-18 months; this quarter shows the cost pressure landing before the pricing catches up. Whether NPM recovers from 11.8% back toward the ~12% level, and whether the Automotive Technologies momentum holds as Bearings stays soft, are the two things to track.

Schaeffler India Limited has announced the launch of its fifth annual Schaeffler India Social Innovation Fellowship 2026-27. This initiative aims to empower 10 high-potential social innovators from across India, with a focus on entrepreneurs from Tier II, Tier III, and rural geographies. The program offers financial grants of ₹2 Lakhs each, structured mentorship, industry exposure, and access to innovation ecosystems. Delivered by IIMA Ventures at IIM Ahmedabad, the 24-week cohort program equips fellows with business, impact, and investor readiness. Applications are open from July 15, 2026, to August 31, 2026, targeting individuals aged 18-35 working on solutions for critical development challenges in sectors like healthcare, agriculture, education, and clean energy. The program is implemented by IHFC in partnership with India Accelerator and IIMA Ventures.

Schaeffler India Limited has announced that its Board of Directors will convene on July 22, 2026. The primary agenda item is to consider and approve the Unaudited Financial Results, both standalone and consolidated, for the quarter and half-year ended June 30, 2026. In compliance with SEBI regulations and the company's insider trading code, the trading window for the company's securities will be closed from July 1, 2026, until July 24, 2026, inclusive.

Schaeffler India Limited has launched the 'Second Saksham Niveshak' campaign, sending email communications to shareholders on July 9, 2026. The campaign targets shareholders whose dividends remained unpaid as of May 31, 2026. Shareholders are being urged to update their Know Your Customer (KYC) details and claim any unpaid or unclaimed dividends. This initiative aims to improve shareholder engagement and ensure all outstanding dividend payments are settled.

Schaeffler India Limited has achieved a significant milestone by becoming the first company in India to secure a BIS (Bureau of Indian Standards) license for Cylindrical Roller Bearings (CRB) under a new Indian Standard. Its manufacturing plants in Maneja and Savli have been awarded this license, along with a BIS license for Deep Groove Ball Bearings (DGBB) for both locations. This achievement highlights Schaeffler India's commitment to quality, manufacturing excellence, and adherence to industry standards, reinforcing customer confidence in its locally manufactured products. The company aims to set benchmarks in manufacturing and support India's industrial growth.

Schaeffler India Limited has announced the closure of its trading window effective July 1, 2026. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will remain closed until further notice, which will be communicated when the board meeting date for approving the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, is announced. This measure is standard practice to prevent insider trading during sensitive financial periods.

Schaeffler India Limited has announced the appointment of Mr. Chetan Kumar Maini as an Additional Director (Non-Executive Independent Director) effective July 1, 2026. The appointment, recommended by the Nomination and Remuneration Committee, is for a period of five years, concluding on June 30, 2031. This appointment is subject to shareholder approval at the upcoming Annual General Meeting. Concurrently, Mr. Christophe Hannequin has been appointed as an Additional Director (Non-Executive Non-Independent Director) also effective July 1, 2026, pending shareholder approval. The company has also approved a Postal Ballot notice to seek shareholder consent for these appointments.