Timken India (522113) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 revenue reached INR 8,088.17 million, up 3.2% year-over-year, marking the best-ever first quarter despite seasonal softness after a strong Q4.

• Unaudited financial results for the quarter ended June 30, 2025, were approved by the Board on July 31, 2025.

• The financials have been reviewed by the Audit Committee and subjected to a limited review by the statutory auditor, with an unmodified report.

• PBT was INR 1,304.32 million, flat year-over-year, with a healthy margin of 16.1% supported by cost control.

• Operational focus remains on execution excellence, capacity building, and supply chain efficiency.

Financial highlights

• Revenue from operations for Q1 FY26 was INR 8,088.17 million, up from INR 7,837.01 million year-over-year.

• Net profit after tax for the quarter was INR 1,042.24 million, compared to INR 1,053.43 million in the same quarter last year.

• Total comprehensive income for the quarter stood at INR 1,035.10 million.

• Earnings per share (EPS) for the quarter was INR 13.86 (not annualised), compared to INR 12.80 in Q1 FY25.

• Rail segment revenue was INR 156.5 crore (24%), mobile INR 156.9 crore, distribution INR 146 crore (18%), cranes INR 142 crore (18%), and exports INR 164 crore (20%).

Outlook and guidance

• Management remains cautiously optimistic amid macroeconomic uncertainty, expecting slow and steady growth in rail and process segments.

• Rail and process markets are expected to grow at high single digits, not double digits.

• Bharuch plant utilization is targeted at 45-50% by year-end, with increasing domestic and export supply as customer qualifications progress.

• The Board and management have not provided specific forward-looking guidance in the reviewed period.