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Timken India (522113) investor relations material
Timken India Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 FY26 revenue was INR 764 crore, up 13.8% year-over-year, but down 1% sequentially due to seasonality in the Rail business.
Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.
Profit before tax (PBT) for the quarter was INR 719 million, lower both year-over-year and sequentially, impacted by one-time items including Labour Code changes, reduced other income, and ramp-up costs at the new Bharuch plant.
Nine-month revenue reached INR 2,346 crore, reflecting nearly 6% year-over-year growth, with all segments contributing.
Acquisition of 100% equity in Timken GGB Technology Private Limited completed in December 2025.
Financial highlights
Q3 revenue: INR 764 crore, +13.8% YoY, -1% QoQ.
Standalone Q3 FY26 revenue: ₹7,643.77 million, up from ₹6,714.32 million in Q3 FY25.
Consolidated Q3 FY26 revenue: ₹7,796.69 million, up from ₹6,833.51 million in Q3 FY25.
Q3 PBT: INR 719 million, impacted by one-time items; adjusted PBT margin would have been close to 13%.
Consolidated net profit after tax for Q3 FY26: ₹545.56 million, compared to ₹782.08 million in Q3 FY25.
Outlook and guidance
Expectation of margin normalization as new plant ramp-up costs moderate.
Positive medium- to long-term outlook due to favorable trade developments between India, US, and EU, supporting export opportunities.
Company continues to monitor regulatory changes, especially regarding new Labour Codes, and will adjust accounting as needed.
Rail business expected to see steady growth, with Q4 typically being stronger due to government spending.
Commercial vehicle segment shows strong volume-driven growth, expected to continue into Q4.
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