Transcript of Analyst call held on July 23, 2026

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- 28/07/2026 tor Meet held on Thursday, July 23, 2026. Dear Sirs, With reference to our letter dated July 23, 2026, please find enclosed the transcript of the Analyst/Investor meet held on Thursday, July 23, 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 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 Q2 CY26 Earnings Conference Call July 23, 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 15 PUBLIC Schaeffler India Limited July 23, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Schaeffler India Limited Q2CY26 Earnings Conference Call. As a reminder, all participant line will remain 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 this conference call, please signal the operator by pressing star, then zero on your touchtone phone. Please note that this conference is being recorded. I will now hand the conference over to Ms. Gauri Kanikar, Head of Investor Relations, for opening remarks. Thank you, and over to you. Gauri Kanikar: Thank you. Good morning, and welcome, everyone, to Schaeffler India Limited's Earnings Conference Call for the second quarter and half year ended 30th June 2026. Today, we have with us from the management, our Managing Director and CEO, Mr. Harsha Kadam; and our Director of Finance and Chief Financial Officer, Ms. Hardevi Vazirani. Mr. Kadam will first take us through a short presentation on the results, and after which we will open the floor for questions. Thank you, and I now hand over to Mr. Kadam, please. Harsha Kadam: Hi. Good morning. Good morning to all the investors. A warm welcome to this earnings call. Hardevi Vazirani: Good morning, and warm welcome to our second quarter and six-month closing call. Harsha Kadam: Okay. So let me start by taking you through the presentation. I hope you already have it open. I would like to move to Slide number 3. As always, I would love to start with the customers and the recognitions that we received from the customers. Quarter 2 has been a very strong performance and recognitions coming from the customer side as well. So, as you can see on the slide, we have had many awards being given by the customers, starting with - on the industrial side from Voith Turbo. We also had from Sandvik Mining as well on the industrial side, recognizing us for focused development and cost reduction activities that we carried out. We have had quite a few coming from the automotive space as well and our esteemed automotive customers award given from by John Deere, then Toyota Kirloskar as well and appreciation awards coming from Denso India as well. Not to mention the Escorts Kubota as a special category award that has been given for our long association as well. Apart from this, the corporate social responsibility work that we carry out consistently with the sheer commitment, and we were awarded for our community development projects that we indulge in and some of the work that our team has done in developing the tribal areas has been recognized by the CSR Convention and an award was given to that effect as well. What is also important and prestigious is to point out the zero PPM award for quality that we have received from one of the most stringent quality demanding customers, Toyota Kirloskar, and we received the award for a zero PPM, which clearly signifies and underlines the fact that our commitment towards quality, ensuring that all customers get zero defect product continues, and we stay the course with this. Page 2 of 15 PUBLIC Schaeffler India Limited July 23, 2026 I would like to now move on to slide number 4, and I would cover 3 parts in my agenda today, starting with the economy and the industry. I would like to throw light on the business performance, Q2 as well as the six months, then a little more on the financial performance for the same period, Q2 and six months. Let me move to slide number 5. And what you see on the slide is the economic situation in the country. Drawing your attention to the bar chart, which shows the GDP. While the first quarter Q1 calendar year, that is Jan to March, registered a 7.8% GDP growth, the quarter 2 estimates are hovering around 6.5% to 7%. The official numbers are still to come in. It appears there has been a marked slowdown, obviously, with all the geopolitical situations that are redefining the business rules even in India. I will come to that in my subsequent slides. Then talk about the index of industrial production - has managed to show a better performance over the preceding quarter, and it continues. So, the manufacturing output is definitely there, is continuing. The capex demand as well has improved in the last two quarters. Automotive production, too, has continued to register a strong double-digit growth rate compared to the previous year. However, Q2 being a financial year start for many of the auto OEMs, you would see it always starts off on a low key note and it tends to pick up. Marginal growth or even a small drop, you could see over the preceding quarter, but yet a strong performance when compared to year-on- year. A point of concern that has started to emerge is on the inflation. The consumer price index, as you can see, has started to creep up. For the last six quarters, when you look at it, the first four quarters showed a very good trend, and then it has started to go up rapidly. And currently, the Q2 estimates are showing 3.9%, obviously, with all the input costs going up in the manufacturing sector, plus the food prices going up, it's clearly reflecting in the commodity prices that are going up as well. I move to slide number 6 on the core industrial sector performance. And what you see there is a very strong performance for the last six months, Jan to May, five months, I would say. And with cement production month after month, much, much better than the preceding month, as you can see, same period last year. And surely, the infrastructure drive by the government of India is clearly pointing to the fact that the core sectors relevant to the infrastructure growth have been demonstrating a pretty strong growth. Cement, the same you would see in the steel sector as well and growing at 6% over the last year and talk about coal production. Now this is where you see a shift happening. Clearly in line with the carbon neutrality and the use of renewable energy directives. So, you would see the coal production come down over the last two months consistently, whereas the electricity generation still is on the positive side, which means clearly the shift is more towards the renewable energy sector. Page 3 of 15 PUBLIC Schaeffler India Limited July 23, 2026 So, this is on this backdrop on the industrial sector, the positive notes on which the economy and the industry is performing, I would like to now move to slide throwing some light on [Showing first 8,000 characters — download PDF for full document]