Timken India profit rises 30% as quarterly revenue climbs 25%

Timken India Limited, referred to here as Timken India, reported standalone net profit of Rs 116.064 crore for the quarter ended 30 September 2026, up 29.7% from a year earlier, as revenue from operations rose 25.4% to Rs 969.297 crore. Profit before tax increased 29.5% to Rs 156.237 crore, outpacing sales growth.

What were Timken India’s September-quarter standalone results?

Timken India reported revenue from operations of Rs 969.297 crore in the three months ended 30 September 2026, compared with Rs 772.987 crore in the corresponding quarter of 2025. Total income, including other income, rose to Rs 977.360 crore from Rs 782.615 crore, while net profit after tax increased from Rs 89.466 crore to Rs 116.064 crore.

The September-quarter result was also above the three months ended 30 June 2026, when Timken India reported revenue from operations of Rs 929.085 crore and net profit of Rs 115.130 crore. Revenue therefore increased by Rs 40.212 crore sequentially and net profit by Rs 0.934 crore. Basic and diluted earnings per share were Rs 15.43, against Rs 11.89 a year earlier and Rs 15.31 in the June 2026 quarter.

How did Timken India’s costs affect quarterly profit?

Timken India’s total expenses rose 24.0% year on year to Rs 821.123 crore in the September 2026 quarter, below the 24.9% increase in total income. Profit before tax consequently rose by Rs 35.589 crore to Rs 156.237 crore. Based on the reported figures, profit before tax was about 16.0% of total income, compared with about 15.4% in the September 2025 quarter.

Purchases of stock-in-trade increased to Rs 314.452 crore from Rs 266.764 crore, while cost of materials consumed rose to Rs 260.776 crore from Rs 247.320 crore. Changes in inventories were an expense of Rs 19.884 crore, compared with a credit of Rs 48.562 crore a year earlier. Employee-benefit expense was Rs 49.944 crore, other expenses were Rs 146.180 crore, and depreciation and amortisation amounted to Rs 28.900 crore.

Finance costs were Rs 0.987 crore in the September 2026 quarter, compared with Rs 0.802 crore in the year-earlier quarter, while other income declined to Rs 8.063 crore from Rs 9.628 crore. Tax expense rose to Rs 40.173 crore from Rs 31.182 crore. The latest-quarter tax amount included Rs 37.950 crore of current tax and Rs 2.223 crore of deferred tax.

What do Timken India’s half-year figures show?

Timken India generated revenue from operations of Rs 1,898.382 crore in the six months ended 30 September 2026, up from Rs 1,581.804 crore in the prior-year six-month period. Net profit for the half year rose to Rs 231.194 crore from Rs 193.690 crore, while profit before tax increased to Rs 306.582 crore from Rs 251.080 crore.

The six-month revenue increase was 20.0%, below the 25.4% growth recorded in the September quarter alone, while net profit rose 19.4% over the prior-year period. Total income for the half year was Rs 1,916.641 crore, compared with Rs 1,601.468 crore, and total expenses increased to Rs 1,610.059 crore from Rs 1,350.388 crore. Total tax expense was Rs 75.388 crore, against Rs 57.390 crore a year earlier.

Net cash generated from operating activities was Rs 260.338 crore for the six months ended 30 September 2026, compared with Rs 235.017 crore in the corresponding period of 2025. Investing activities used Rs 116.723 crore, including Rs 113.581 crore spent on property, plant and equipment, capital work in progress and capital advances. Net cash used in financing activities was Rs 22.527 crore, compared with Rs 274.788 crore in the prior-year period.

What changed in Timken India’s balance sheet and operations?

Timken India had total assets of Rs 3,959.668 crore at 30 September 2026, up from Rs 3,751.424 crore at 31 March 2026. Total equity increased to Rs 3,184.226 crore from Rs 2,973.504 crore, while total liabilities declined to Rs 775.442 crore from Rs 777.920 crore over the same period.

Capital work in progress increased to Rs 192.005 crore at 30 September 2026 from Rs 100.722 crore at 31 March 2026. Inventories rose to Rs 823.582 crore from Rs 778.335 crore, whereas trade receivables fell to Rs 730.089 crore from Rs 797.721 crore. Cash and cash equivalents were Rs 189.638 crore, compared with Rs 217.470 crore at 31 March 2026.

Timken India disclosed one reportable primary segment, bearings and allied goods and services, for the quarter and six months ended 30 September 2026. It therefore did not provide separate segment disclosures under Indian Accounting Standard 108, which governs operating-segment reporting. Paid-up equity share capital was unchanged at Rs 75.219 crore at both 30 September 2026 and 31 March 2026.

What corporate matters accompanied Timken India’s results?

Timken India’s board approved the unaudited standalone and consolidated results on 29 October 2026 after Audit Committee review. Deloitte Haskins & Sells LLP performed a limited review of the standalone results and stated that nothing had come to its attention indicating that the statement contained a material misstatement or failed to make required disclosures.

Timken India paid a final dividend of Rs 2.50 per equity share during the September 2026 quarter to eligible shareholders. The board recommended the dividend on 18 May 2026, and shareholders approved it at the 39th Annual General Meeting on 18 August 2026. The source does not disclose the aggregate dividend payment in the results statement.

The board approved a draft scheme on 18 May 2026 to amalgamate Timken GGB Technology Private Limited with Timken India, with an appointed date of 1 April 2026. Timken India filed a petition before the National Company Law Tribunal, Bengaluru Bench, in July 2026 seeking approval. The petition remained pending as of 29 October 2026.

Conclusion

Timken India’s September-quarter standalone results show profit before tax and net profit rising faster than revenue, with total expenses up 24.0% against a 24.9% increase in total income. The six-month figures also showed operating cash generation of Rs 260.338 crore, while capital work in progress increased by Rs 91.283 crore from the 31 March 2026 position.

The next disclosed matter to watch is the proposed amalgamation of Timken GGB Technology Private Limited with Timken India. The scheme has an appointed date of 1 April 2026, but the National Company Law Tribunal, Bengaluru Bench, petition filed in July 2026 was still pending approval on 29 October 2026.