Unaudited Financial Results

The Board of Directors approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended 30 June 2026.

Deloitte Haskins & Sells LLP, the Statutory Auditors, issued Limited Review Reports with an unmodified opinion on these Financial Results.

Standalone Financial Performance (Q1 FY2027 vs Q1 FY2026)

  • Total Income: ₹9,392.81 million (vs ₹8,188.53 million in Q1 FY2026)
  • Profit Before Tax (PBT): ₹1,503.45 million (vs ₹1,304.32 million in Q1 FY2026)
  • Tax Expense: ₹352.15 million (includes a reversal of provisions amounting to ₹33.73 million relating to earlier periods)
  • Net Profit After Tax (PAT): ₹1,151.30 million (vs ₹1,042.24 million in Q1 FY2026)
  • Earnings Per Share (EPS): ₹15.31 (vs ₹13.86 in Q1 FY2026)

Consolidated Financial Performance (Q1 FY2027 vs Q1 FY2026)

  • Total Income: ₹9,540.53 million (vs ₹8,333.90 million in Q1 FY2026)
  • Profit Before Tax (PBT): ₹1,562.45 million (vs ₹1,360.90 million in Q1 FY2026)
  • Tax Expense: ₹365.86 million (includes a reversal of provisions amounting to ₹33.73 million relating to earlier periods)
  • Net Profit After Tax (PAT): ₹1,196.59 million (vs ₹1,084.25 million in Q1 FY2026)
  • Earnings Per Share (EPS): ₹15.91 (vs ₹14.41 in Q1 FY2026)

Change in Management

Effective 4 August 2026, the following individuals ceased to be part of Senior Management due to organizational restructuring. They continue to be in the employment of the Company and are not related to any Director or KMP.

  • Mr. Vijay Pratap Singh, General Manager – Sales, Mobility, Aero, Defense & Plain Bearings
  • Mr. Gajanan Bidkar, General Manager – India SCM & Global Sourcing
  • Mr. Tarun Beniwal, Manager – Corporate Communications

Amalgamation Update

The Board had previously approved a draft Scheme of Amalgamation of Timken GGB Technology Private Limited (GGB) with Timken India Limited, effective from the appointed date of 1 April 2026.

The Company filed the application with the National Company Law Tribunal (NCLT), Bangalore Bench, in June 2026.

Other Key Notes from Financial Statements

  • The company has one reportable primary segment: 'Bearings and allied goods & services'.
  • The financial results are prepared in accordance with Indian Accounting Standards (Ind AS).
  • The impact of the newly notified Labour Codes was recognized as an employee benefit expense in the quarter ended 31 March 2026.
  • The figures for the quarter ended 31 March 2026 are balancing figures between the audited annual figures and the previously published unaudited year-to-date figures up to 31 December 2025.
  • The consolidation includes Timken GGB Technology Private Limited, a wholly-owned subsidiary acquired on 1 December 2025 for a consideration of ₹1,288 million. It is accounted for as a common control business combination from 1 April 2024.