Timken India Limited has informed the Exchange about Transcript
TIMKEN · price
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Timken India reported Q1 FY26 revenue from operations of INR 808.8 crores, up 3.2% year-on-year and the company's best-ever first quarter. Profit before tax came in at INR 130.4 crores, broadly flat year-on-year, with PBT margin at 16.1% versus 16.6% in Q1 of last year. The revenue mix was led by rail at 24% (INR 196.5 cr), followed by exports 20% (INR 164 cr), mobile 19% (INR 156 cr), distribution 18% (INR 146 cr), and process industries 18% (INR 142 cr). The new Bharuch plant capitalized its first CRB (Cylindrical Roller Bearing) line in late June, with commercial production and billing starting in July, mostly for exports. The company won its first locomotive bearing order from Indian Railways on the new SRB (Spherical Roller Bearing) product. Capex of around INR 150 crores is planned for rail expansion in Jamshedpur (INR 120 crores) and plain bearings at Bharuch (INR 35+ crores). Management guided to high single-digit growth for rail and process industries, and is targeting 45-50% utilization at Bharuch by year-end.
Results were stable but margins softened versus historical 20%+ EBITDA levels, with management indicating recovery depends on volume ramp-up from the new Bharuch plant. Depreciation from the capitalized line will start hitting from Q2, which could keep margins under pressure in the near term. US tariffs are a watch-out but management does not see them as a deal-breaker, with India's cost competitiveness seen as a buffer.