Categories Earnings, Industrials

Timken India Ltd Q4FY23 results out, revenue grows by 25%

Timken India Ltd is engaged in the manufacturing, distribution and sale of anti-friction bearings, components, accessories and mechanical power transmission products for the customer base across different sectors. It also provided maintenance contracts and refurbishment services and industrial services. It was incorporated in 1987 and is a part of the global Timken Group.

  • Timken India Ltd reported Total revenue for Q4 FY23 of ₹802 Crore, up from ₹667 Crore year on year depicting a growth of 20%.
  • Total Expenses for Q4 FY23 of ₹672 Crore up, from ₹511 Crore year on year, a growth of 31%. 
  • Consolidated Net Profit of ₹104 Crore, down 14% from ₹121 Crore in the same quarter of the previous year. 
  • The Earnings per Share is ₹13.89, down 14% from ₹16.13 in the same quarter of the previous year.

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