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TIMKEN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Timken India Limited reported audited standalone revenue of Rs 34,193 million for FY2026, up 8.6% from Rs 31,478 million in FY2025. However, standalone net profit after tax declined to Rs 3,983 million from Rs 4,474 million in the previous year, representing a 10.97% decrease. Consolidated PAT also declined to Rs 4,149 million from Rs 4,622 million. The Board recommended a dividend of Rs 2.50 per share (compared to Rs 36 in previous year - likely a special dividend last year). Deloitte Haskins & Sells LLP issued unmodified (clean) audit opinions on both standalone and consolidated results. The Board approved amalgamation of Timken GGB Technology Private Limited (wholly owned subsidiary, turnover Rs 587 million) into Timken India with no cash consideration, expected to simplify group structure and reduce costs. Two senior management appointments were also made.
The PAT decline despite revenue growth signals margin compression, which may concern investors. The clean audit opinion removes going concern worries. The amalgamation of the trading subsidiary into the manufacturing parent could improve operational efficiency long-term.