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Earnings Call Transcript

Timken India Earnings Call Transcript: Key Takeaways

Timken India delivered 15% revenue growth in Q1FY27, successfully passing on significant steel and fuel cost inflation to maintain stable margins despite sluggish railway demand.

Highlights
Revenue growth15% YoY growth to ₹929 Cr, driven by process and exports.
MarginsSteady; EBITDA at 19.6% despite input cost pressures.
Demand visibilityStrong in wind and heavy trucks; sluggish in railway segment.
Management confidenceBalanced; focused on execution and cost pass-through strategy.

Growth

Top-line grew 15% YoY to ₹929 Cr; EBITDA margins held steady at 19.6% through strategic price hikes.

Outlook

Bharuch plant ramp-up to 70% capacity by Q3/Q4; ongoing capex at 8-10% of sales for expansion.

Risks

Subdued government railway procurement and ongoing geopolitical volatility impacting global export markets remain primary headwinds.

Last quarter's promises, checked

Delivered

  • Bharuch plant capitalization → Completed (= BEAT)
  • Jamshedpur capex ₹120Cr+ → On track/November production (= BEAT)
  • Pass through RM inflation → 100 bps GM expansion (= BEAT)

Partly delivered

  • Bharuch ramp-up → 70% util delayed from July to Q3/Q4 (= PARTIAL)
  • Export growth → 21% growth vs previous 66% jump (= PARTIAL)

Missed

  • Bharuch FY26 revenue target (implied 40-45% util) → Delivered ₹80Cr (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: TIMKEN. Summary written with AI assistance from the document.

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Timken India Ltd: key numbers

Share price
₹3,206.10
Market cap
₹24,116 Cr
Revenue (annual)
₹3,478 Cr
Net profit (annual)
₹414.9 Cr
P/E (TTM)
56.6×Sector 53.6×
Promoter holding
51.05%+0.00% QoQ
FII holding
7.32%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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