Schaeffler is the top gainer on the BSE and remains strongly in the green, undermining the tepid undercurrents in the market. The stock opened almost 2% higher at Rs.3339 and rose to an intraday high at Rs.3564, up over 8.5%.

This is purely on the back of its performance for Q1CY25. The company’s revenue from operations rose 14% (YoY) to Rs.2110 crore, driven by higher demand in the automotive and industrial segments. Net profit for the quarter came in at Rs.265 crore, suggesting improved operational efficiency and stronger margins. EBITDA for the quarter was up 19% at Rs.407 crore.

It largely saw a broad based growth, with domestic business up 13% and intercompany exports up 23%. QoQ there was a downward trend in some segments but this was offset by growth in exports.

The sectoral tailwinds are strong with demand for automotive components rebounding with higher vehicle production and electric vehicle momentum. Also with expansion in industrial automation and infrastructure spending is boosting demand for bearings and related components, which is Schaeffler’s core business.

Following the performance, some fund houses and analysts have upgraded their calls and many institutional investors rotating back into quality mid-cap industrial plays.