Timken India FY26 Net Profit Falls to ₹3,983.33 Million

3 min read     Updated on 21 May 2026, 06:57 AM
scanx
Reviewed by
Shriram SScanX News Team
AI Summary

Timken India Limited reported a decline in net profit for FY26 to ₹3,983.33 Million from ₹4,473.86 Million in the previous year, while revenue from operations increased to ₹34,193.16 Million. The Board recommended a dividend of ₹2.50 per share and approved the amalgamation of subsidiary Timken GGB Technology Private Limited. The company also initiated the 'Saksham Niveshak' investor awareness campaign from April 1, 2026, to July 9, 2026.

powered bylight_fuzz_icon
40679509

*this image is generated using AI for illustrative purposes only.

Timken India Limited reported its audited financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved the results at a meeting held on May 18, 2026. Deloitte Haskins & Sells LLP issued an unmodified opinion on the annual financial results and an unmodified conclusion on the quarterly limited review. The company announced the newspaper publication of these results on May 20, 2026, pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015.

Standalone Financial Performance

On a standalone basis, the company posted revenue from operations of ₹34,193.16 Million for FY26, compared to ₹31,478.10 Million in FY25. Total income for FY26 stood at ₹34,473.17 Million versus ₹31,979.91 Million in the previous year. Profit before tax for FY26 was ₹5,303.92 Million, while net profit after tax came in at ₹3,983.33 Million against ₹4,473.86 Million in FY25. The standalone earnings per share (basic and diluted) was ₹52.96 (annualised), compared to ₹59.48 in FY25. For the quarter ended March 31, 2026, standalone revenue from operations was ₹10,731.35 Million, and net profit after tax was ₹1,547.94 Million.

Metric: FY26 (Audited) FY25 (Audited)
Revenue from Operations: ₹34,193.16 Million ₹31,478.10 Million
Total Income: ₹34,473.17 Million ₹31,979.91 Million
Total Expenses: ₹29,169.25 Million ₹26,452.62 Million
Profit Before Tax: ₹5,303.92 Million ₹5,527.29 Million
Net Profit After Tax: ₹3,983.33 Million ₹4,473.86 Million
EPS (Basic & Diluted): ₹52.96 ₹59.48

Consolidated Financial Performance

On a consolidated basis, revenue from operations for FY26 was ₹34,780.29 Million compared to ₹31,971.96 Million in FY25. Total consolidated income was ₹35,080.90 Million versus ₹32,481.58 Million in the prior year. Consolidated net profit after tax was ₹4,148.85 Million compared to ₹4,621.94 Million in FY25. Consolidated earnings per share (basic and diluted) for FY26 was ₹55.16 (annualised), compared to ₹61.45 in FY25.

Metric: FY26 (Audited) FY25
Revenue from Operations: ₹34,780.29 Million ₹31,971.96 Million
Total Income: ₹35,080.90 Million ₹32,481.58 Million
Total Expenses: ₹29,554.59 Million ₹26,754.77 Million
Profit Before Tax: ₹5,526.31 Million ₹5,726.81 Million
Net Profit After Tax: ₹4,148.85 Million ₹4,621.94 Million
EPS (Basic & Diluted): ₹55.16 ₹61.45

Dividend Recommendation

The Board has recommended a dividend of ₹2.50 per equity share of ₹10 each fully paid up for the year ended March 31, 2026, subject to approval by members at the ensuing Annual General Meeting. This compares to a dividend of ₹36.00 per equity share in the previous year.

Amalgamation of Timken GGB Technology Private Limited

The Board approved a Scheme of Amalgamation for the merger of Timken GGB Technology Private Limited, a wholly owned subsidiary, into Timken India Limited. The scheme is subject to approval of shareholders, creditors, the National Company Law Tribunal (NCLT), and other requisite approvals. The amalgamation involves no cash consideration, and no shares are proposed to be issued. The rationale includes simplified management structure, cost savings through rationalisation, greater financial strength and flexibility, creation of a single unified entity with a wider capital and asset base, efficient use of infrastructure, and simplification of group structure.

Parameter: Transferor Company Transferee Company
Paid-up Capital (as on March 31, 2026): INR 9,72,28,820/- INR 75,21,87,340/-
Turnover (FY 2025-26): INR 58,71,30,191/- INR 34,19,31,56,873/-
Area of Business: Trading of sealing products and bearings Manufacturing and sale of bearings and components

Investor Awareness Campaign

The company announced the launch of the Second 100-Day Campaign, "Saksham Niveshak", running from April 1, 2026, to July 9, 2026. The initiative aims to facilitate shareholder participation, update records, and ensure legal rights. Additionally, the company drew attention to the SEBI circular dated January 30, 2026, regarding the Special Window for Transfer and Dematerialisation of Physical Securities. Shareholders with physical shares are encouraged to update KYC details and nomination information to ensure seamless dividend credit and avoid recovery processes from the IEPF authority.

Historical Stock Returns for Timken

1 Day5 Days1 Month6 Months1 Year5 Years
-1.89%-1.53%+4.72%+15.55%+8.39%+166.58%

How will the amalgamation of Timken GGB Technology Private Limited into Timken India Limited impact the company's sealing products revenue and market positioning in FY27?

What factors contributed to the ~11% decline in net profit despite ~8.6% revenue growth, and can Timken India reverse this margin compression in the coming fiscal year?

Will the dramatic reduction in dividend payout from ₹36.00 to ₹2.50 per share signal a strategic shift toward reinvesting capital for expansion or acquisitions in the bearing and components sector?

Timken India Intimates Change in Registrar and Transfer Agent Following Merger of CB Management Services with MUFG Intime India

1 min read     Updated on 14 May 2026, 09:39 AM
scanx
Reviewed by
Anirudha BScanX News Team
AI Summary

Timken India Limited has informed stock exchanges that CB Management Services Private Limited has amalgamated with MUFG Intime India Private Limited effective 8 May 2026, resulting in a change of Registrar and Transfer Agent. The new investor query email is Investor.helpdesk@in.mpms.mufg.com, while all other RTA communication details remain unchanged. The intimation was filed on 13 May 2026 by Company Secretary Mandar Vasmatkar.

powered bylight_fuzz_icon
40208412

*this image is generated using AI for illustrative purposes only.

Timken India Limited has notified the stock exchanges of a change in its Registrar and Transfer Agent (RTA) services, following the amalgamation of CB Management Services Private Limited with MUFG Intime India Private Limited. The merger took effect from 8 May 2026, pursuant to an order passed by the Regional Director (WR), Registrar of Companies, Mumbai. The intimation was communicated to the exchanges on 13 May 2026 by Mandar Vasmatkar, Company Secretary & Chief-Compliance Officer of Timken India Limited.

Change in Registrar and Transfer Agent

With the completion of the amalgamation, MUFG Intime India Private Limited will now serve as the Registrar and Transfer Agent for Timken India Limited. The company has also been informed of a change in the email address for investor-related queries as a result of this merger. The key details of the transition are summarised below:

Parameter: Details
Outgoing RTA: CB Management Services Private Limited
New RTA: MUFG Intime India Private Limited
Effective Date of Merger: 8 May 2026
Order Authority: Regional Director (WR), Registrar of Companies, Mumbai
New Investor Query Email: Investor.helpdesk@in.mpms.mufg.com

Updated Investor Communication Details

Investors and shareholders are advised to direct all future queries to the new email address: Investor.helpdesk@in.mpms.mufg.com . The company has clarified that, for the time being, there are no other changes to the communication details of the Registrar and Transfer Agent. Any future updates to the RTA's communication details will be published on the company's investor services webpage at https://www.timken.com/en-in/investors/investor-services/ .

Key Takeaways for Investors

  • CB Management Services Private Limited has been amalgamated into MUFG Intime India Private Limited with effect from 8 May 2026.
  • MUFG Intime India Private Limited is now the designated Registrar and Transfer Agent for Timken India Limited.
  • The updated email for investor queries is Investor.helpdesk@in.mpms.mufg.com .
  • All other communication details of the RTA remain unchanged at this time.
  • Further changes, if any, will be updated on the company's official investor services website.

Historical Stock Returns for Timken

1 Day5 Days1 Month6 Months1 Year5 Years
-1.89%-1.53%+4.72%+15.55%+8.39%+166.58%

How might MUFG Intime India's expanded client base following the CB Management Services amalgamation affect the quality and turnaround time of investor services for Timken India shareholders?

Could this RTA consolidation signal a broader trend of mergers among registrar and transfer agents in India, and how might that impact corporate governance standards across listed companies?

Will Timken India consider reviewing or upgrading its investor relations infrastructure in light of this transition, particularly for digital shareholder services?

More News on Timken

1 Year Returns:+8.39%