Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we write to inform you that:
TIMKEN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Timken India reported standalone FY2026 revenue of Rs 34,193 million (up 8.6% YoY) but net profit fell to Rs 3,983 million from Rs 4,474 million in FY2025, an 11% decline. Consolidated revenue was Rs 34,780 million with PAT of Rs 4,149 million vs Rs 4,622 million last year. The Board approved amalgamation of Timken GGB Technology Private Limited (wholly owned subsidiary with turnover of Rs 587 million) into Timken India with no cash or share consideration involved. Two senior management appointments were made - Mr. Gajanan Bidkar and Mr. Himanshu Kumar Mishra as General Managers. The Board recommended dividend of Rs 2.50 per share, significantly lower than Rs 36 per share paid last year. Auditors issued unmodified (clean) opinions on both standalone and consolidated results.
The PAT decline despite revenue growth signals margin compression and may concern investors, though clean audit opinions and the subsidiary amalgamation (expected to reduce compliance costs) are positives. The sharp dividend reduction from Rs 36 to Rs 2.50 per share could negatively impact sentiment.