Schaeffler India sees profit jump amid auto-components demand boost

Schaeffler India Ltd reported a 24.1% rise in third-quarter profit to ₹3.07 billion, driven by a 13.9% revenue increase to ₹23.6 billion. Growth was supported by higher demand for automotive technologies and industrial bearings, in turn aided by 10.9% commercial-vehicle growth and 4.2% passenger-vehicle growth in India. The automotive-components maker highlighted strong performance across its transmission and braking systems portfolio. Analysts noted the earnings beat reflects resilience in the auto-ancillary space despite broader macro uncertainties.