Timken India FY26 Net Profit Declines to ₹3,983.33 Million Despite Revenue Growth
Timken India Limited reported FY26 standalone net profit of ₹3,983.33 Million against ₹4,473.86 Million in FY25, despite revenue from operations growing to ₹34,193.16 Million from ₹31,478.10 Million. The Board recommended a dividend of ₹2.50 per share, approved the amalgamation of wholly owned subsidiary Timken GGB Technology Private Limited, and appointed two senior management personnel effective May 18, 2026.
*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, with the board meeting commencing at 6:30 PM and concluding at 8:04 PM. Deloitte Haskins & Sells LLP issued an unmodified opinion on the annual financial results and an unmodified conclusion on the quarterly limited review.
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. The proposed amalgamation is between a holding company and its wholly owned subsidiary and does not attract the requirements of Section 188 of the Companies Act, 2013 and Regulation 23 of the SEBI (LODR) Regulations, 2015. There will be no change in the shareholding pattern of the Transferee Company pursuant to the Scheme.
| 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 |
Senior Management Appointments
The Board appointed Mr. Gajanan Bidkar as General Manager, India SCM & Global Sourcing, and Mr. Himanshu Kumar Mishra as General Manager, Plant Operations, Jamshedpur, effective May 18, 2026. Both appointments are until the retirement age of 60 years, unless separation or resignation occurs earlier as per Company Rules. Neither appointee is related to any Director or Key Managerial Personnel of the Company.
Mr. Gajanan Bidkar joined Timken in 2014 as a Sourcing Manager and has held various leadership positions including leading India and Global Sourcing. He holds a Bachelor's Degree in Mechanical Engineering and a Post Graduate Certificate in Business Management from MDI, Gurgaon. Prior to joining Timken, he worked with Cummins India and served in the Indian Defence Force (Navy).
Mr. Himanshu Kumar Mishra holds an Engineering degree in Metallurgy and Material Science from BIT (gold medalist, 2001–2005 batch) and an MBA from the Indian Institute of Management (IIM) Calcutta (2011–12). He has worked at Timken across two stints (2007–2011 and 2012 to date), handling roles including Plant Metallurgist, Head of Operations at the Raipur Plant, DM-SCM at Jamshedpur, and AGM Operations & Lean Manufacturing at Jamshedpur.
Key Corporate Developments
During the year, Timken India acquired 100% equity shares of Timken GGB Technology Private Limited for a consideration of ₹1,288 Million, paid on December 01, 2025. The transaction was executed through a Share Purchase Agreement dated November 21, 2025 with Timken Europe B.V., Netherlands and The Timken Company, USA. Being a common control business combination under Ind AS 103, accounting was carried out from April 1, 2024 under the pooling of interest method. Additionally, on March 16, 2026, the company invested ₹7 Million to acquire 26.1% equity in Sunstream Green Energy C & I Three Private Limited to secure electricity from renewable sources under the Group Captive Scheme. The company also recognised an employee benefit expense following the Government of India's notification on November 21, 2025 of four Labour Codes, replacing the existing 29 labour laws, with restructured employee compensation considered effective from April 1, 2026.
Historical Stock Returns for Timken
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.00% | -2.24% | +0.90% | +14.19% | +14.54% | +177.13% |
How will the amalgamation of Timken GGB Technology Private Limited into Timken India affect the company's sealing products revenue contribution and competitive positioning in that segment going forward?
Given the significant drop in dividend per share from ₹36.00 to ₹2.50, what capital allocation strategy is Timken India likely pursuing, and could this signal larger acquisitions or capacity expansion plans ahead?
With profit margins contracting despite revenue growth in FY26, what cost optimization measures could the new General Manager of Plant Operations implement at Jamshedpur to reverse the expense escalation trend?
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
