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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 standalone FY26 revenue of ₹34,193 million (up 8.6% YoY) but PAT declined to ₹3,983 million (down 11% YoY from ₹4,474 million) due to higher tax expenses and other costs. Consolidated PAT was ₹4,149 million (down 10.2% YoY). The Board recommended dividend of ₹2.50 per share, a significant reduction from ₹36 per share in the previous year. Deloitte issued an unmodified (clean) audit opinion. The Company completed acquisition of Timken GGB Technology Private Limited (a wholly-owned subsidiary) for ₹1,288 million in December 2025. A Scheme of Amalgamation of this subsidiary into Timken India has been approved, subject to shareholder/NCLT approval. Two senior management appointments were made. Cash and cash equivalents declined to ₹2,682 million (standalone) from ₹5,114 million at FY25 end, partly due to the acquisition and higher dividend payout.
PAT decline and sharp dividend cut signal cost pressures, though revenue growth and clean audit provide some comfort. The amalgamation of the subsidiary may simplify the group structure going forward.