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TIMKEN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Timken India reported FY2026 standalone revenue of Rs 34,193 million, up 8.6% from Rs 31,478 million in FY2025. However, net profit declined 11% to Rs 3,983 million from Rs 4,474 million. Consolidated revenue was Rs 34,780 million with net profit of Rs 4,149 million (down 10.2%). The Board recommended dividend of Rs 2.50 per share, sharply lower than Rs 36 per share in the previous year. Two senior management appointments were made - Mr. Gajanan Bidkar and Mr. Himanshu Kumar Mishra. The Board also approved amalgamation of Timken GGB Technology Private Limited (wholly-owned subsidiary) with the company at no cash consideration, pending shareholder and NCLT approval. The merger aims to simplify group structure, reduce costs, and improve operational efficiency. Auditors Deloitte Haskins & Sells LLP issued unmodified opinions on both standalone and consolidated results.
The profit decline despite revenue growth signals margin pressure, likely due to higher input costs and labor code implementation expenses. The drastically reduced dividend may disappoint income-focused investors. The amalgamation is neutral to shareholders as it's a wholly-owned subsidiary merger with no change in shareholding pattern.