Timken India (522113) Q4 25/26 earnings summary

Executive summary

• Achieved all-time high quarterly revenue, crossing INR 1,000 crore for the first time in Q4 FY 2026, driven by strong demand in core industrial segments and robust execution in both domestic and export markets.

• Audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, were approved with unmodified audit opinions from Deloitte Haskins & Sells LLP.

• FY 2026 marked consistent, broad-based performance with resilient results despite macroeconomic uncertainties and cost pressures.

• Board recommended a dividend of Rs. 2.50 per equity share for FY 2025-26, subject to shareholder approval.

• Approved amalgamation of Timken GGB Technology Private Limited (wholly owned subsidiary) with the company to streamline operations and reduce costs.

Financial highlights

• Q4 FY 2026 standalone revenue from operations was INR 10,731 million, up 14.2% year-over-year; consolidated revenue was INR 10,898 million.

• Standalone revenue for FY 2025-26: Rs. 34,193 million, up from Rs. 31,478 million year-over-year.

• Standalone net profit for FY 2025-26: Rs. 3,983 million, down from Rs. 4,474 million year-over-year.

• Standalone PBT for Q4 was INR 2,074 million (PBT margin 19.3%), with consolidated PBT at INR 2,120 million.

• Earnings per share (EPS) for FY 2025-26: Standalone Rs. 52.96, Consolidated Rs. 55.16.

Outlook and guidance

• Management aims to outgrow market revenue and maintain healthy margins, but refrained from providing specific percentage guidance for FY 2027.

• Cost escalation and passing on input price increases are top priorities; margin impact may persist for 1–2 quarters until price hikes are fully realized.

• Company continues to monitor regulatory changes, including new Labour Codes, and will adjust accounting as needed.

• Focus on operational efficiency, cost rationalization, and leveraging synergies from the amalgamation.

• Demand across key segments remains stable, with process and distribution segments expected to see faster growth in the next 1–2 years.