Timken India Q2 FY27: Revenue surges 25.4% to ₹969 Cr, Profit jumps 29.7% to ₹116 Cr
Timken India reported a strong Q2 FY27 with standalone revenue up 25.4% to ₹969 Cr and net profit up 29.7% to ₹116 Cr. Consolidated revenue stood at ₹986 Cr, with net profit at ₹120 Cr. The Bharuch facility is ramping up, and investments in rail expansion are on track. Amalgamation with Timken GGB is progressing.
The substantial increase in revenue and profit, coupled with positive commentary on future demand and capacity utilization, is expected to have a significant positive impact on investor sentiment and the company's stock performance.
The company reported significant year-on-year growth in revenue and profit, along with positive commentary on demand and capacity expansion, indicating a strong financial performance and positive future outlook.
Timken India Limited announced its financial results for the second quarter and half year ended September 30, 2026, reporting strong performance driven by continued demand across key end markets and expanded capacity.
In Q2 FY27, standalone revenue from operations grew by 25.4% year-on-year to ₹969 crores, with a 4.3% increase over Q1 FY27. Profit Before Tax (PBT) for the quarter stood at ₹156 crores, a 29.5% increase from ₹120 crores in Q2 FY26, resulting in a PBT margin of 16.1%. Net profit after tax rose by 29.7% to ₹116 crores from ₹89 crores in the previous year's corresponding quarter. EBITDA margin was approximately 19.2%.
For the first half of FY27 on a standalone basis, revenue from operations increased by nearly 20% year-on-year to ₹18,984 million (₹1,898.4 crores), with PBT at ₹306 crores and Profit After Tax at ₹231 crores, a 19% increase. Consolidated revenues for H1 FY27 were ₹1,929 crores, and consolidated net profit after tax stood at ₹240 crores.
The company's new Bharuch facility is progressing through its ramp-up phase, with a focus on increasing utilization. Investments in rail expansion at Jamshedpur and plain bearings at Bharuch are on target for commissioning. The amalgamation of Timken GGB Technology Private Limited with Timken India Limited is also progressing smoothly, aiming to drive synergies and efficiencies.
Management noted that while cost pressures from fuel, gas, and raw materials are present, the company is focused on passing these costs on to customers. The external environment remains mixed due to geopolitical factors and trade uncertainties, but domestic demand is anticipated to remain solid. Segment-wise revenue for Q2 FY27 included rail at ₹156.7 crores (16%), mobile others at ₹204 crores (21%), distribution at ₹148.8 crores (15%), process at ₹190.9 crores (20%), and exports at ₹262.7 crores (27%). The Bharuch plant's capacity utilization was around 60% on average, with SRB lines at 70% utilization and CRB lines below 60%. Exports showed strong growth, with North American rail market expected to contribute further. The company expects to pass on cost increases to customers, noting that the bearing industry cannot absorb them long-term. The Process Industries segment, particularly wind, is performing well, with stable outlook. Global demand is expected to remain robust, with domestic demand being a key driver. India's cost competitiveness in manufacturing is a significant advantage.
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