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Schaeffler India Limited has released its Investor Presentation for the first quarter ended 31 March 2025, highlighting strong financial and business performance.

Key Standalone Financial Highlights for Q1 2025:

• Revenue from operations stood at ₹2,110 crore, a 14.1% increase compared to ₹1,849.2 crore in Q1 2024 and a 1.3% increase from ₹2,082.3 crore in Q4 2024.
• EBITDA (before exceptional items) was ₹407.1 crore (19.3% margin), up 20.2% from ₹338.8 crore in Q1 2024 and up 4.3% from ₹390.4 crore in Q4 2024.
• Profit After Tax (PAT) reached ₹265.4 crore (12.6% margin), showing a growth of 16.6% from ₹227.7 crore in Q1 2024 and 6.4% from ₹249.3 crore in Q4 2024.
• Free Cash Flow (FCF) was positive at ₹237.1 crore, significantly improved from a negative FCF of ₹25.6 crore in Q1 2024.
• Capex for the quarter was ₹82.5 crore.

Business Performance:

• Broad-based growth was observed across businesses, with domestic business growing 12.7% YoY and intercompany exports increasing by 23.2% YoY.
• The company reported improved quality of earnings driven by volume growth of local products and operational efficiency.
• Positive cash flow generation resulted from better earnings, improved working capital management, and judicious capital expenditure.
• Significant business wins were noted across segments, including clutch systems and one-way clutches for Commercial Vehicles (CVs), wipers and center joint support, FEAD/Timing Kits, and TRBs in Passenger Vehicles (PVs), and DGBBs, TRBs, and CRBs in the Railway segment, alongside new business in Industrial Automation and Raw Material segments.

Management Commentary (Key Messages):

• The double-digit YoY growth momentum is continuing, broad-based across businesses.
• The quality of earnings has improved, backed by volume growth of local products and operational efficiency.
• Positive cash flow resulted from better earnings, improved working capital, and judicious capex.
• The focus remains on prudent financial management and long-term value creation as the company moves ahead in 2025, staying on track to build the leading Motion Technology Company.

Schaeffler India Limited has issued a corrigendum to its Integrated Annual Report 2024 provided to its Shareholders.

Reference is made to updated details on page(s) 140 and 163 of the Integrated Annual Report 2024 concerning:

• Membership of worker in association(s) or Unions recognized by the listed entity.
• Total Scope 3 emissions & its intensity details.

The changes are specifically in the values reported for these items. The updated details are included in the enclosed Integrated Annual Report 2024. Save for these changes, all other information mentioned in the Integrated Annual Report 2024 will remain unchanged.

Schaeffler India responded to a clarification request from the National Stock Exchange (NSE) regarding the financial results for the quarter ended 31 Dec 24. The NSE had raised concerns about the format of the submitted financial results, pointing out that they were not in accordance with Schedule III of the Companies Act, 2013. Specifically, the NSE noted that the figures for the fourth quarter were unaudited, despite the filing of Audited XBRL, and that a machine-readable copy of the financial results was not submitted.

Schaeffler India clarified that they have submitted revised XBRL (Standalone and Consolidated) on the NEAPS portal on 25 Mar 25. Furthermore, they stated that a machine-readable copy of the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended 31 Dec 24, was submitted on 5 Mar 25, as per an email received from NEAPS on 4 Mar 25. This clarification is in response to the NSE's email dated 24 Mar 25.