SCHAEFFLER

** Shares of Schaeffler India SCHE.NS extend gains, rise 3% after the automotive and industrial parts maker posted a higher fourth-quarter profit earlier this week

** Stock on track for fifth consecutive session of gains, if current momentum persists

** Brokerage Asian Markets Securities says strong 9MCY25 cash-flow improvement shows company is finally benefiting from past 3–4 years of capex

** Adds growth momentum to continue on robust traction in automotive technologies, aftermarket, continued exports recovery, and steady industrial demand

** Rising localization, operating leverage, and product mix

improvement to drive margin expansion toward 20% by CY27

** Kotak raises CY26–27 EPS by 3–5% on stronger e‑mobility, exports assumptions

** Nuvama lifts CY26–27 EPS by 4% on higher revenue/margin expectations

** GST cut, if implemented, could boost near-term demand, aiding volumes and revenue growth

** Nuvama says co has outpaced peers over 3/5/10 years; expects 10% revenue in CY25–27 driven by higher exports (South East Asia, Japan, Korea, Europe) and new capacity

** YTD, Schaeffler India stock up 9.9%

(Reporting by Yagnoseni Das in Bengaluru)

(([email protected];))

** Schaeffler India SCHE.NS gains 3.3% to 4,207 rupees; set to extend rally to fourth straight session

** Automotive and industrial parts maker's Q4 consolidated profit grows ~35.9% y/y; rev rises ~27.5% on strong domestic, export sales

** CEO Harsha Kadam says, "Strong demand traction in the automotive industry riding on the back of the GST reforms in September… aided growth"

** Stock rated "buy" on avg; median PT is 4,594 rupees, per data compiled by LSEG

** YTD, SCHE up ~5%

(Reporting by Yagnoseni Das in Bengaluru)

(([email protected];))

Add blog post

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at [email protected]

DÉJÀ VU ALL OVER AGAIN FOR THE U.S. DOLLAR

Since Donald Trump's re-election in 2024, the dollar has followed remarkably similar price action to that of his first term, as seen in the chart below from Scotiabank's FX strategists.

It's not exactly clear why it's been so strikingly similar. Back in the 2016-18 period, the Fed was tightening policy. This time around they are easing, albeit at a gradual pace.

But there are also similarities. "Tariffs, trade and geo-political tensions are an obvious feature of both episodes," Scotiabank's Shaun Osborne and Eric Theoret write. Looking forward, they believe that risks remain tilted to more losses for the dollar in the medium term due to easier Fed policy, reduced U.S. growth advantage and investors rebalancing overweight USD portfolios. Seasonal patterns are also more USD-negative into spring, Scotia writes. But that doesn't follow the pattern of 2016-18 where the dollar recovered some lost ground heading into summer.So, what could keep that pattern alive?

"We will be sensitive to shifting expectations regarding the Fed policy outlook; growth is firm and inflation remains sticky which may dampen expectations for H2 Fed cuts," Scotia says. "Heightened market volatility could revive the USD’s haven credentials. Weaker growth in Europe or Asia may also lift the USD."

(Samuel Indyk)

*****

EARLIER ON LIVE MARKETS:

'THE DECADE OF THE ROBOT’; BARCLAYS SEES PHYSICAL AI NEAR INFLECTION POINT CLICK HERE

UTILITIES AND MINERS DRAG, NESTLE DRIVES ZURICH TO NEW RECORD CLICK HERE

BEFORE THE BELL: EUROPEAN FUTURES MIXED, AS EARNINGS DRIVE MOVERS CLICK HERE

ASIA HOLIDAYS AS US, IRAN WORK TO AVERT CONFLICT CLICK HERE

** Schaeffler India SCHE.NS gains 2.7% to 4,129 rupees

** Automotive and industrial parts maker posts 24.1% y/y jump in Q3 profit, driven by demand for ancillary auto products

** Rev from ops rises 13.9% y/y

** Stock rated "buy" on avg, median PT is 4,454.5 rupees, per data compiled by LSEG

** SCHE climbs 18% YTD

(Reporting by Yagnoseni Das in Bengaluru)

(([email protected];))

** Shares of Schaeffler India SCHE.NS gain as much as 4.7% to 4,221 rupees; last up 1%

** Automotive and industrial parts maker's Q2 consolidated profit grew ~17% y/y, rev rose ~12% on strong domestic and export sales

** Over 137,000 shares traded, 1.7x the 30-day avg

** Stock rated "buy" on avg, median PT at 3,923 rupees - data compiled by LSEG

** Year-to-date, stock up ~20%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Schaeffler India SCHE.NS rise 7.4% to 3,525.10 rupees

** On Tuesday, the auto components maker reported a 16.6% Y/Y jump in March-quarter profit to 2.65 bln rupees ($31.1 mln)

** Revenue increases 14.1% to 21.1 bln rupees

** Trading vols at 286,645 shares, more than 4x the 30-day average

** SCHE up 3.5% YTD

($1 = 85.1100 Indian rupees)

(Reporting by Vijay Malkar)

(([email protected];))

** Shares of Schaeffler India SCHE.NS gain as much as 3.6% to 3,189 rupees

** Auto parts maker's Q4 profit rose ~15% y/y led by growth in mainstay auto tech business

** Overall rev grew 12.3% y/y, auto tech segment rev grew ~14% y/y

** Strong results aided by focus on new business wins - SCHE

** Co also recommended a dividend of 28 rupees ($0.3204) apiece

** Analysts' avg rating on stock is "Buy", median PT is 4,234 rupees - data compiled by LSEG

** Stock last up 0.6%, trimming YTD losses to 9.7%

($1 = 87.3900 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Feb 27 (Reuters) - Schaeffler India Ltd SCHE.NS:

• SCHAEFFLER INDIA DEC-QUARTER CONSOL PROFIT 2.37 BILLION RUPEES

• SCHAEFFLER INDIA DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 21.36 BILLION RUPEES

• SCHAEFFLER INDIA LTD - DIVIDEND OF 28 RUPEES PER SHARE

Source text: [ID:]

Further company coverage: SCHE.NS

(([email protected];))

Oct 23 (Reuters) - Auto parts maker Schaeffler India SCHE.NS reported a rise in its third-quarter profit on Wednesday, helped by strong demand for two-wheeler parts.

The company, a unit of Germany's Schaeffler AG SHA_p.DE, reported a 5.2% rise in standalone profit to 2.47 billion rupees ($29.4 million) for the July-September quarter.

Sales of two-wheelers were up 13% during the quarter, which analysts said likely offset weak sales of bearings to carmakers, whose volumes fell for the first time in two years.

Schaeffler India's revenue increased 12% to 20.73 billion rupees, with its mainstay bearings business growing 11.3% and the automotive technologies unit, its second-largest segment, rising about 12%.

The two businesses account for about three-fourths of overall revenue.

Smaller rivals SKF India SKFB.NS and Timken India TIMK.NS will report results in the coming weeks.

Shares of Schaeffler India closed flat ahead of the results.

($1 = 84.0490 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Abinaya Vijayaraghavan)

(([email protected]; Mobile: +91 9591011727;))

** Shares of automotive and industrial component supplier Schaeffler India SCHE.NS up 4.3% at 4,065 rupees

** Co on Tuesday reported a 12.3% rise in Q1 profit and a 12% jump in sales

** Five of 9 analysts rate stock at "buy" or above, three "hold", and one as "sell"; stock "buy" rated with media PT at 3,525 rupees - LSEG

** Schaeffler India stock up ~22% YTD, while rival Timken India TIMK.NS has gained 23%

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

July 23 (Reuters) - Schaeffler India Ltd SCHE.NS:

• JUNE-QUARTER PROFIT 2.54 BILLION RUPEES

• JUNE-QUARTER REVENUE FROM OPERATIONS 20.72 BILLION RUPEES

Further company coverage: SCHE.NS

(([email protected];))

** Shares of automotive and industrial component supplier Schaeffler India SCHE.NS rise as much as 3.5% to 4,816.50 rupees, last up 0.6%

** SCHE launches planetary gear system (PGS), specifically designed for dedicated hybrid transmission vehicles in India

** Co says its PGS compliments hybrid automotive technology

and ensures reduced emissions, improved mileage

** Trading volume at nearly 0.6x the 30-day daily avg

** Avg rating of nine analysts equivalent of "hold", median PT is 3,500 rupees - LSEG data

** Stock up 66.6% so far this quarter vs a 12.2% fall in March quarter

** Stock up 46.3% YTD

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

** Shares of Schaeffler India SCHE.NS up 3.1% at 3,377.35 rupees

** Auto bearings-maker's Q1 profit climbed 3.8% YoY

** Rivals SKF India SKFB.NS, NRB Bearings NBEA.NS, Timken India TIMK.NS yet to report results

** SCHE stock set for busiest day since Feb. 19

** SCHE up 5.4% YTD, while rivals are down 0.1%-6.3%

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

April 25 (Reuters) - Schaeffler India Ltd SCHE.NS:

• MARCH-QUARTER PROFIT 2.28 BILLION RUPEES VERSUS 2.19 BILLION RUPEES

• MARCH-QUARTER REVENUE FROM OPERATIONS 18.49 BILLION RUPEES VERSUS 16.94 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: SCHE.NS

(([email protected];))

March 29 (Reuters) - Schaeffler India Ltd SCHE.NS:

• APPROVES RE-APPOINTMENT OF HARSHA KADAM AS MD & CEO

Source text for Eikon: [ID:]

Further company coverage: SCHE.NS

(([email protected];))

March 22 (Reuters) - Schaeffler India Ltd SCHE.NS:

• SCHAEFFLER INDIA - APPROVED RE-APPOINTMENT OF HARSHA KADAM AS MD, CEO

Source text for Eikon: ID:nBSE1fJcFT

Further company coverage: SCHE.NS

(([email protected];))

** Kotak Institutional Equities upgrades Indian bearing makers Schaeffler India SCHE.NS, SKF India SKFB.NS, Timken India TIMK.NS to "add" from "sell"

** Upgrade on the back of 15%-20% decline in stock prices over past three months, expectations of recovery in export, domestic railways and aftermarket segments from second half of CY24

** Says, strong growth in railways segment, demand recovery in industrial segments, inventory correction by end-consumers to lead export market demand recovery

** Domestic railway market well-positioned to benefit over next three years led by higher govt capex spends - Kotak

** Says, replacement segment to be growth driver on shift from counterfeit bearings to branded bearings, product expansion

** SCHE and TIMK posted Dec-qtr profit drops, while SKFB's profit rose 1.4% Y/Y

** SKFB rated "buy" on avg, SCHE and TIMK rated "hold" - LSEG data

** Shares of SCHE, TIMK, and SKFB up between 1.2% and 2% on Thursday

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

** Shares of auto components maker Schaeffler India SCHE.NS fall as much as 3.7% to 2,951 rupees

** Co reports ~6% fall in qtrly profit to 2.17 bln rupees ($26.2 mln) as raw material costs jumped

** Raw material costs up 15.2% Y/Y, while revenue grows 3.4% at 18.55 bln rupees, the slowest in 14 quarters, according to LSEG data

** Stock on track to fall after 3 straight days of gains

** Mean rating of analysts on stock is "Hold"; median PT is 3,096 rupees - LSEG data

** SCHE last down 3.1%, adding to yearly losses of 7.3%

($1 = 82.9840 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

Feb 16 (Reuters) - Schaeffler India Ltd SCHE.NS:

• SCHAEFFLER INDIA DEC-QUARTER PROFIT 2.17 BILLION RUPEES VERSUS 2.31 BILLION RUPEES

• SCHAEFFLER INDIA DEC-QUARTER REVENUE FROM OPERATIONS 18.55 BILLION RUPEES VERSUS 17.95 BILLION RUPEES

• DIVIDEND 26 RUPEES PER SHR

Further company coverage: SCHE.NS

(([email protected];;))

** Shares of Schaeffler India SCHE.NS rise as much as 3.2% to 2,859 rupees

** Stock on track to rise for third straight session, if trend holds

** One block with 191,563 SCHE shares changed hands as of 2:22 p.m. IST at 2,806.6 rupees apiece, a 1.3% premium to Tuesday's closing level

** The block is 1.9X SCHE's 30-day moving average

** More than 284,000 shares change hands as of 2:20 p.m. IST, 2.8X the 30-day moving average

** Mean rating of eight analysts is "hold"; median PT is 3,053 rupees - LSEG data

** Stock last up 2.6%, taking YTD gain to 3.5%

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

BENGALURU, Oct 27 (Reuters) - Auto components maker Schaeffler India SCHE.NS reported an 8% rise in second-quarter profit on Friday, led by the demand for automotive products amid a nascent recovery in rural demand.

Standalone profit for the Indian unit of Germany's Schaeffler AG SHA_p.DE was 2.33 billion rupees ($28.00 million) in the quarter ended Sept. 30, compared with 2.15 billion rupees a year earlier.

The profit growth marked the third straight quarter of single-digit increase.

The September rainfall made up for a deficit in the first half of the quarter, according to analysts, leading to a recovery in rural demand, particularly in sectors like two-wheelers.

Still, the poor monsoons earlier in the quarter had made commercial vehicles such as tractors less affordable for India's rural population, they said.

Schaeffler, which has the largest market share in the $2-billion Indian bearings industry, said its total revenue rose 5.5% to 18.54 billion rupees, led by a nearly 8% rise in revenue from the automotive technologies segment.

The segment accounts for over half the company's revenue.

Revenue at the industrial segment rose over 4%.

Prices of commodities such as aluminium and steel started easing in the quarter, leading to a drop in input costs from the previous three months. However, the costs increased from a year earlier when inflation was peaking.

Meanwhile, the revenue from the exports and others segment dropped over 28%.

Exports to markets such as in Africa have been hindered by high inflation and macroeconomic uncertainties, pushing the sales volumes down for equipment and auto parts makers.

Schaeffler's shares settled 0.7% higher after the results.

($1 = 83.2250 Indian rupees)

(Reporting by Varun Vyas in Bengaluru; Editing by Dhanya Ann Thoppil)

(([email protected];))

Aug 28 (Reuters) - Schaeffler India Ltd SCHE.NS:

• APPROVED ACQUISITION OF 100% STAKE OF KRSV INNOVATIVE AUTO SOLUTIONS

• DEAL FOR 1.42 BILLION RUPEES

Source text for Eikon: ID:nNSE2ZMDMk

Further company coverage: SCHE.NS

(([email protected];))

** Shares of Schaeffler India SCHE.NS fall as much as 4.3% to 3,050 rupees, its biggest intraday pct loss since April 19

** Automotive solutions provider reports flat core profit margin growth in June quarter to 18.7% from 18.6% in the previous quarter

** Net profit rises 5% YoY to 2.37 bln rupees ($28.91 million), while revenue is up 4.6%

** Co reports second straight quarter of single-digit growth as demand for its industrial products falls and margins remains flat

** More than shares 130,000 shares change hands as of 12:12 p.m. IST, 1.5x times the 30-day avg - Refinitiv data

** Of the seven analysts tracking SCHE, three maintain "buy" or higher, one recommends "strong sell" and three suggest "hold"; median PT is 3,089 rupees

($1 = 81.9875 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

July 26 (Reuters) - Schaeffler India Ltd SCHE.NS:

• SCHAEFFLER INDIA JUNE-QUARTER PROFIT 2.37 BILLION RUPEES VERSUS 2.26 BILLION RUPEES

• SCHAEFFLER INDIA JUNE-QUARTER REVENUE FROM OPERATIONS 18.29 BILLION RUPEES VERSUS 17.49 BILLION RUPEES

Source text for Eikon: ID:nNSE7jZZfZ

Further company coverage: SCHE.NS

(([email protected];;))

July 7 (Reuters) - Schaeffler India Ltd SCHE.NS:

• NAMES HARDEVI VAZIRANI AS CFO

• VAZIRANI'S APPOINTMENT AS CFO EFFECTIVE FEB 12, 2024

Source text for Eikon: [ID:]

Further company coverage: SCHE.NS

(([email protected];))

BENGALURU, April 18 (Reuters) - Vehicle components maker Schaeffler India Ltd SCHE.NS on Tuesday posted its smallest quarterly profit growth since June 2020, hit by a drop in demand and margin contraction.

Shares of the company, a unit of Schaeffler AG SHA_p.DE, fell as much as 2.7%.

Schaeffler India said its profit climbed 6% to 2.19 billion rupees ($26.7 million) in the first quarter ended March 31, while revenue from operations rose 8% to 16.94 billion rupees.

However, its core profit margin contracted to 18.58% from 19.64% a year earlier, as expenses rose over 9%.

Revenue in the company's industrial segment, constituting nearly 32% of total revenue, fell 8.5% in the quarter.

The company said growth in its automotive business helped mitigate "external headwinds," but did not specify the challenges.

Schaeffler India had reported a nearly 21% rise in its fourth quarter profit.

($1 = 82.0350 Indian rupees)

(Reporting by Varun Vyas in Bengaluru; Editing by Nivedita Bhattacharjee)

(([email protected];))