Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we attach herewith transcript of Post Results Conference Call Q4 FY 2025-26 held on Tuesday, 19 May, 2026. A copy of the same will also be available on the website of the Company.
TIMKEN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Timken India reported Q4 FY26 as its first quarter crossing INR1,000 crores in revenue (INR10,731 million, up 14.2% YoY) with PBT of INR2,074 million at 19.3% margin. Full year standalone revenue stood at INR31,478 million (8.6% growth). The company launched a price hike exercise to counter rising input costs (steel, grinding wheels, coolants, currency impact) - currently at 10% pass-through with full recovery expected over next two quarters. The Board approved the merger of Timken GGB with Timken India Limited to drive operational synergies. The new Bharuch plant generated INR80 crores revenue in FY26 and is targeted to reach 70% utilization by July 2026. Jamshedpur rail expansion (INR120+ crores capex) remains on track for December 2026 production. Exports jumped 40% QoQ to INR222 crores despite the pending US trade deal, driven by North America demand. Management targets revenue growth above market rate but refrained from providing specific margin or percentage guidance.
The strong quarterly performance with margin recovery and accelerated export momentum is positive. However, shareholders should brace for near-term margin pressure (1-2 quarters) as raw material cost hikes are passed through. The Bharuch plant ramp-up and merger with Timken GGB (PBT margin ~30%) should support long-term profitability.