Analysts/Institutional Investor Meet/Con. Call Updates

Schaeffler India Limited · Pune · Maharashtra BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C – 1, Block G, Dalal Street, Bandra-Kurla Complex, Bandra (E), Mumbai-400001 Mumbai-400051 Company Code: 505790 Company Code: SCHAEFFLER Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Dis- closure Requirements) Regulations, 2015 – Transcripts of Analyst/Inves- 04/11/2026 tor Meet held on Thursday, October 29, 2026. Dear Sirs, With reference to our letter dated October 29, 2026, please find enclosed the transcript of the Analyst/Investor meet held on Thursday, October 29, 2026, for your Phone: +912068198464 information and records. The same is available on the Company's website - Earnings Conference Call | Schaeffler India Kindly take the same on your records. Thanking you. Yours faithfully, For Schaeffler India Limited Ashish Tiwari, General Counsel & Company Secretary Encl.: As above Schaeffler India Limited INTERNAL Registered and Corporate Office: 15th Floor, (ASTP) Amar Sadanand Tech Park, Baner, Pune, Maharashtra, India – 411045 Tel: +91-20-68198400 | Fax: +91-20-68198405 CIN: L29130PN1962PLC204515, www.schaeffler.co.in, info.in@schaeffler.com, Schaeffler India Limited Q3 CY26 Earnings Conference Call October 29, 2026 MANAGEMENT: MR. HARSHA KADAM – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER MS. HARDEVI VAZIRANI – DIRECTOR OF FINANCE AND CHIEF FINANCIAL OFFICER MS. GAURI KANIKAR – HEAD OF INVESTOR RELATIONS Page 1 of 16 PUBLIC Schaeffler India Limited October 29, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Schaeffler India Limited Q3 CY26 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note the conference is being recorded. I now hand the conference over to Ms. Gauri from Schaeffler India Limited. Thank you, and over to you, ma'am. Gauri Kanikar: Good morning everyone, and welcome to Schaeffler India Limited's Earnings Conference Call for the third quarter and nine months ended September 2026. Today, we have with us Mr. Harsha Kadam our Managing Director and Chief Executive Officer and Ms. Hardevi Vazirani, our Director of Finance and Chief Financial Officer. As always, Mr. Kadam will first take us through a short presentation on the results, and then we will open the floor for questions. Thank you, and over to you, Mr. Kadam. Harsha Kadam: Good morning, and a very warm welcome to this third quarter and nine months ending business performance. Hardevi Vazirani: Good morning from my side as well. Harsha Kadam: Yes. Let me briefly take you through the presentation, and I would be covering three broad areas as that is indicated on Slide number 3 of the presentation. First would be a little light on the economy and the industry. Second would be on the business highlights for the third quarter and nine months ending for 2026. And lastly, the financial highlights for the third quarter and nine months ending 2026. Let me draw your attention to Slide number 4, where I will talk a little bit about the economy. Now as you can see, a strong performance from an economic standpoint on the Indian economy. The estimated growth was at 6.4% in the third quarter. And the numbers that are coming out is much stronger than that. However, despite the global uncertainty, the volatility that exists around us today, India still has come out stronger. And the International Monetary Fund recently has upgraded its full year growth forecast to average 7% GDP on the back of a very strong robust domestic market and also the booming digital services sector as well as the exports business. If one were to look at the Index of Industrial Production, strong manufacturing output in the automotive industry, on the back of the GST 2.0 drive has helped in terms of beating the targets as well, and it has reached an all- time high of 7.7% IIP, as you can see there. The growth is structurally sound, and it is led by heavy manufacturing and also the utility sector as well as the power and electricity generation sector, all have done exceedingly well in the quarter. The automotive production has been one of the stellar performances. As I mentioned already, the GST 2.0 is propelling the growth, bringing in a very strong traction in demand. And this is, as you can see from a Q3 year-on-year growth standing at close to 31%, 32% and a quarter-on-quarter almost at 23%. Passenger vehicles by far leading the pack with 25% growth and tractor sector too on a muted monsoon performance, still at 7% growth. A cautionary trend is on the inflation. As you can see, the Consumer Price Index, food prices have started to increase Page 2 of 16 PUBLIC Schaeffler India Limited October 29, 2026 quarter-on-quarter, and that's the alarming sentiments that are prevailing on the food inflationary increases that have happened. With that, I move to the next slide, which is more focused on the sectors and what you see is the industrial sectoral performance. And very clearly, on the back of the focus from the Government of India on the core infrastructure sector, we have seen the core industrial sectors such as cement, steel doing it pretty well, registering a strong growth there as well. Month-over-month, as you can see over the previous years in the bar chart, cement production in the country has been consistently growing and average growth rate almost over 9.3%, as you can see over the last year. Steel, on the other hand, continues to be at the same levels as last year, but marginally again, growing at about 3%. Mining and coal production with a clear focus on renewable energy sector. So the coal is something that always fluctuates and talk about power generation. Again, as I said earlier, strong growth in energy demand in the country and which is clearly growing at about 8%, very strong focus on the renewable energy and overall, the energy security that the government is bringing in a focus as such. Moving to Slide number 6, a little light on the automotive sector performance. Almost all the automotive segments have performed exceedingly well. As you can see, the 2- and 3-wheelers also have grown phenomenally and close to 3 million produced only in the month of September has consistently shown the growth of the two and three-wheeler business in India. And fortunately, with the festival season split between October and November, some of the strongest growth months are yet to be crossed. Passenger vehicles have been one of the strongest performances with a year-to-date growth of almost 18% growth, which you are seeing there. Again, once again registering an all-time high production level in passenger vehicle segment. Interestingly, the commercial vehicle also has registered a very strong 21% growth, as you can see, month after month, continuing to grow. Commercial vehicles have always been a cyclical business. And I guess we are seeing the peaks of the business, but we'll have to wait and watch how it pans out in 2027. But for the moment, this year, commercial vehicles too have registered a pretty strong growth compared to last year. Tractors have been performing as expected, although on a little bit of muted monsoons that we have been hearing. We still have to track and watch what's going to happen to tractors in the next 3 months. However, so far, tractors have registered a year-to-date growth of 18% over last year, as you can see in the bar chart. That said, I move to Slide number 8, where I would throw light on the business performance. On this backdrop, with all the volatility in the market, the uncertainty in the market, the challenges in the export market, what we were able to bring into the company was a revenue of INR 3,005 crores for the thir [Showing first 8,000 characters — download PDF for full document]