SCHAEFFLER

** 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)

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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

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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)

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** 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)

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

• JUNE-QUARTER PROFIT 2.54 BILLION RUPEES

• JUNE-QUARTER REVENUE FROM OPERATIONS 20.72 BILLION RUPEES

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** 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)

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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

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

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

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

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

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** 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)

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** 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)

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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

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** 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)

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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)

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

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

• DEAL FOR 1.42 BILLION RUPEES

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** 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)

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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

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

• NAMES HARDEVI VAZIRANI AS CFO

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

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April 18 (Reuters) - Schaeffler India Ltd SCHE.NS:

• SCHAEFFLER INDIA MARCH-QUARTER PROFIT 2.19 BILLION RUPEES VERSUS 2.07 BILLION RUPEES

• SCHAEFFLER INDIA MARCH-QUARTER REVENUE FROM OPERATIONS 16.94 BILLION RUPEES VERSUS 15.68 BILLION RUPEES

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