Shares of Schaeffler India are in focus on Wednesday, October 28, as the company reported weak margins in the second quarter despite witnessing growth across other parameters on a year-on-year basis. The numbers were declared after market hours on Tuesday.
For the September quarter, Schaeffler India's net profit grew by 20.7% at ₹349 crore from ₹289 crore last year. Its revenue came in at ₹3,089.4 crore, up 26.9% from ₹2,434.6 crore last fiscal. The company's earnings before interest, taxes, depreciation and amortization increased 17.8% to ₹537 crore from ₹456 crore.
However, its EBITDA margin contracted to 17.4% from 18.7%. Schaeffler India said it witnessed strong automotive demand and industrial output aided growth. Its exports and domestic business, both grew in double-digits. The company said rising input costs and a weak rupee impacted its margins, which was partially offset by mitigation resources.
Schaeffler India said its promoters may consider monetizing a small part of their existing shareholding. However, they have maintained that the promoters intend to retail majority control of the company, by owning at least two-thirds of the company's equity.
At the end of September, they held 74.13% stake in the firm. Shares of Schaeffler India ended the previous session 4.7% up at ₹3,680 apiece. The stock has fallen 7% in the past month, 14.1% in the last six months and is down 4.9% in 2026, so far. It is also 17% below its 52-week high of ₹4,467.7 apiece.