Schaeffler India: Exports, order wins likely to keep ball rolling

Ball-bearing maker expects gains on margin front in the second half of FY23

At 85 per cent return, Schaeffler India is the best-performing auto stock in the BSE 200 universe since the start of FY23. The gains for the country’s largest ball-bearing maker by market capitalisation came on the back of a strong performance over the past few quarters, earnings upgrades, and an improved outlook.

 As was the case in the previous quarters, the company reported robust June quarter sales growth of 42 per cent year-on-year (YoY), led by a recovery in the automotive segment and strong exports. While the overall domestic automotive segment was up 43 per cent, sales to auto makers