Timken India LimitedQ2 FY27 Results & Financial Update
Timken India Limited: Q2 FY27 consolidated results and company financials – revenue ₹986.04 Cr, PAT ₹120.90 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Timken India Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
During the second quarter of fiscal 2027 ended September 30, 2026, Timken India Limited reported consolidated revenue from operations of INR 986.04 crore, alongside total income of INR 994.60 crore.
Consolidated profit before tax (PBT) for the quarter stood at INR 162.87 crore after accounting for total expenses of INR 831.73 crore.
Net profit after tax (PAT) for the quarter reached INR 120.90 crore, translating to basic and diluted earnings per share (EPS) of INR 16.07 (not annualized).
Total comprehensive income for the quarter came in at INR 121.86 crore, which includes other comprehensive income of INR 0.97 crore related to defined benefit plan re-measurements and associated tax effects.
The financial statements reflect the incorporation of Timken GGB Technology India Private Limited under common control business combination accounting pursuant to Ind AS 103, with historical comparatives adjusted from the appointed date of April 1, 2024.
The board of directors reviewed and approved the unaudited financial results on October 29, 2026, with statutory auditors Deloitte Haskins & Sells LLP issuing an unmodified review report.
01 · Business model
What does Timken India do?
Timken India Limited specializes in the manufacture and distribution of engineered bearings, mechanical power transmission products, and industrial services.
The company serves diverse heavy industries including automotive, railways, off-highway equipment, cement, steel, and general manufacturing through its primary operating segment.
As part of its long-term corporate expansion and integration strategy, Timken India operates with a wholly-owned subsidiary, Timken GGB Technology India Private Limited, focusing on engineered polymer and plain bearing solutions.
02 · Historical context
What shaped the business before this quarter
Previously, on November 21, 2025, Timken India Limited executed a share purchase agreement to acquire 100% of the equity shares of Timken GGB Technology Private Limited from Timken Europe B.V. and The Timken Company for INR 128.80 crore, with total consideration paid on December 1, 2025.
Since the acquisition constituted a common control business combination under Ind AS 103, financial figures have been retrospectively accounted for from April 1, 2024, using the pooling of interest method.
Earlier, the board recommended and shareholders approved at the 39th Annual General Meeting on August 18, 2026, a final dividend of INR 2.50 per equity share for FY26, which was subsequently paid out during the quarter ended September 30, 2026.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q2 FY27 |
|---|---|
| Revenue from operations | ₹986.04 Cr |
| Total income | ₹994.60 Cr |
| Profit before tax | ₹162.87 Cr |
| Profit after tax | ₹120.90 Cr |
| EPS | ₹16.07 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 12.3% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 16.5% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹8.56 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations of INR 986.04 crore was primarily generated through the sale of engineered bearings, mechanical power transmission components, and allied industrial services.
Other income contributed an additional INR 8.56 crore to the consolidated top line during the quarter.
What drove margins
Cost of materials consumed stood at INR 266.16 crore, purchases of stock-in-trade were INR 317.12 crore, and inventory changes showed an positive inventory accretion effect of INR 20.80 crore.
Employee benefit expenses were registered at INR 50.93 crore, depreciation and amortization expenses totaled INR 28.92 crore, and other expenses amounted to INR 146.82 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The group maintains only one reportable primary business segment under Ind AS 108, designated as 'Bearings and allied goods & services'.
06 · Strategy & new businesses
How the company is trying to change its growth mix
The board of directors approved a draft scheme of amalgamation for merging Timken GGB Technology Private Limited into Timken India Limited with an appointed date of April 1, 2026, subject to NCLT Bengaluru Bench approval.
The company filed the amalgamation petition before the National Company Law Tribunal, Bengaluru Bench, in July 2026, with proceedings pending as of the reporting date.
07 · Reported developments
What changed operationally
Statutory auditors Deloitte Haskins & Sells LLP issued an unmodified limited review report on both standalone and consolidated financial results for the quarter.
08 · Items worth noticing
The line items that can distort a quick read
Total tax expenses for the quarter were INR 41.98 crore, comprising current tax of INR 39.64 crore (inclusive of reversals relating to earlier years) and deferred tax of INR 2.34 crore.
09 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
For the half year ended September 30, 2026, net cash generated from operating activities stood at INR 269.12 crore after tax payments of INR 76.16 crore.
Net cash used in investing activities for the half year was INR 115.79 crore largely driven by property, plant, and equipment purchases, while financing cash outflows reached INR 22.53 crore.
Capital allocation & funding
Finance costs for the quarter were contained at INR 0.99 crore, reflecting minimal debt servicing requirements.
10 · Beyond the numbers
What changed beyond the numbers
Reported update
Board Meeting Schedule
The board meeting for considering the Q2 FY27 financial results commenced at 6:00 PM and concluded at 7:03 PM on October 29, 2026.
11 · Previous-quarter changes
What changed since the previous quarter
Consolidated revenue from operations moved from INR 943.32 crore in Q1 FY27 to INR 986.04 crore in Q2 FY27.
Consolidated net profit after tax shifted from INR 119.66 crore in Q1 FY27 to INR 120.90 crore in Q2 FY27.
12 · Key Q&A
The quarter, answered directly
What does Timken India do?
Timken India Limited specializes in the manufacture and distribution of engineered bearings, mechanical power transmission products, and industrial services.
What is the clearest takeaway from Q2 FY27?
During the second quarter of fiscal 2027 ended September 30, 2026, Timken India Limited reported consolidated revenue from operations of INR 986.04 crore, alongside total income of INR 994.60 crore.
What drove revenue or demand?
Revenue from operations of INR 986.04 crore was primarily generated through the sale of engineered bearings, mechanical power transmission components, and allied industrial services.
What mattered most for margins or profitability?
Cost of materials consumed stood at INR 266.16 crore, purchases of stock-in-trade were INR 317.12 crore, and inventory changes showed an positive inventory accretion effect of INR 20.80 crore.
What changed operationally beyond the headline numbers?
The board of directors approved a draft scheme of amalgamation for merging Timken GGB Technology Private Limited into Timken India Limited with an appointed date of April 1, 2026, subject to NCLT Bengaluru Bench approval.
What should the next disclosure help confirm?
Monitor the NCLT Bengaluru Bench proceedings regarding the pending approval for the scheme of amalgamation of Timken GGB Technology Private Limited with Timken India Limited.
13 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
14 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
NCLT Amalgamation Approval: Monitor the NCLT Bengaluru Bench proceedings regarding the pending approval for the scheme of amalgamation of Timken GGB Technology Private Limited with Timken India Limited.
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