Timken India Reports Quarterly Results, Reappoints Independent Director and Names New Senior Management

1 min read     Updated on 03 Nov 2025, 07:34 PM
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Reviewed by
Radhika SahaniScanX News Team
Overview

Timken India's Q3 2025 results show revenue increase to Rs 2,817.30 million, up 29.38% year-over-year. Net profit per share slightly decreased to Rs 1,189.00. The company reappointed Soumitra Hazra as Independent Director for three years from May 31, 2026, subject to member approval. New appointments include Gurdeep Grewal as General Manager-Mobile-Sales and Vijay Pratap Singh as General Manager Process-Sales, effective November 3, 2025.

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

Timken India , a leading manufacturer of engineered bearings and power transmission products, has released its financial results for the quarter ended September 30, 2025, along with key management changes.

Financial Performance

Timken India reported revenue from operations of Rs 2,817.30 million for the quarter, compared to Rs 2,177.50 million in the corresponding quarter of the previous year. This represents a year-over-year increase of approximately 29.38%.

However, the company's net profit per share remained relatively stable. Timken India reported earnings of Rs 1,189.00 per share (basic and diluted) for the quarter, compared to Rs 1,196.00 per share in the same quarter last year, indicating a marginal decrease of about 0.59%.

Board Decisions and Management Changes

The Board of Directors has approved several important decisions:

Re-appointment of Independent Director

The Board approved the re-appointment of Soumitra Hazra as an Independent Director for a second term of three years, effective from May 31, 2026. This appointment is subject to approval by the company's members. Hazra brings over 40 years of experience in finance and legal matters to the role, having previously served as Company Secretary & Chief-Compliance at Timken until September 2019.

New Senior Management Appointments

The company has made two key appointments to its senior management team, both effective November 3, 2025:

  • Gurdeep Grewal has been appointed as General Manager-Mobile-Sales
  • Vijay Pratap Singh has been appointed as General Manager Process-Sales

Both appointments are set to continue until the appointees reach the retirement age of 60 years, unless earlier separation occurs.

Conclusion

Timken India's latest quarterly results show strong revenue growth compared to the previous year, although net profit per share remained relatively flat. The company's decision to reappoint an experienced independent director and bring in new senior management talent suggests a focus on strengthening its leadership team and governance structure. These moves, combined with the robust revenue growth, may position Timken India for continued expansion and development in the coming years.

Historical Stock Returns for Timken

1 Day5 Days1 Month6 Months1 Year5 Years
-2.61%+1.32%-0.46%+15.75%-13.15%+188.91%

Timken India Acquires 26.1% Stake in Sunstreamgreen Energy for Solar Power Purchase

1 min read     Updated on 22 Sept 2025, 05:20 PM
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Reviewed by
Jubin VergheseScanX News Team
Overview

Timken India Limited is investing Rs 70,00,020 to acquire a 26.1% equity stake in Sunstreamgreen Energy C&I Three Private Limited, a newly incorporated solar energy company. This strategic move allows Timken India to purchase solar power under the Group Captive Scheme through a Power Purchase Agreement. The acquisition, expected to be completed by December 2025, aligns with Timken India's sustainability goals and complies with regulatory requirements for group captive status.

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

Timken India Limited , a prominent player in the industrial sector, has made a strategic move towards sustainable energy consumption. The company has entered into an agreement to acquire a 26.1% equity stake in Sunstreamgreen Energy C&I Three Private Limited, a newly incorporated entity in the renewable energy sector.

Investment Details

Timken India will invest Rs 70,00,020 to purchase 7,00,002 equity shares at Rs 10 each in Sunstreamgreen Energy. This acquisition is aimed at enabling Timken India to purchase solar power under the Group Captive Scheme through a Power Purchase Agreement (PPA) with the target company.

About Sunstreamgreen Energy

Sunstreamgreen Energy C&I Three Private Limited, incorporated on July 14, 2025, is a new entrant in the renewable energy sector. The company's primary focus is on electricity generation through renewable sources, particularly solar power. As a recently established entity, Sunstreamgreen Energy is yet to commence operations and generate turnover.

Strategic Rationale

The investment aligns with Timken India's commitment to sustainable practices and energy efficiency. By acquiring a 26.1% stake, Timken India fulfills the regulatory requirement to maintain group captive status under applicable laws, which mandates a minimum 26% equity shareholding.

Transaction Timeline

The acquisition is expected to be completed by December 2025. Notably, this transaction does not fall under the category of related party transactions, and no governmental or regulatory approvals are required for this cash-based deal.

Implications for Timken India

This strategic investment positions Timken India to benefit from clean energy sources, potentially reducing its carbon footprint and energy costs in the long run. The move also demonstrates the company's proactive approach to adopting sustainable business practices and supporting the growth of India's renewable energy sector.

Disclosure and Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Timken India has duly informed the National Stock Exchange of India Limited and BSE Limited about this acquisition.

As Timken India takes this significant step towards green energy adoption, it sets an example for other industrial players to consider sustainable alternatives in their operations. The success of this venture could pave the way for more collaborations between established industrial firms and emerging renewable energy companies in India.

Historical Stock Returns for Timken

1 Day5 Days1 Month6 Months1 Year5 Years
-2.61%+1.32%-0.46%+15.75%-13.15%+188.91%
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