Timken India Releases Q2 2026 Unaudited Results; Reports Management Changes and Subsidiary Acquisition
Timken India Limited announced the unaudited financial results for the quarter ended June 30, 2026. The company also confirmed organizational changes within its senior management and provided updates on the acquisition of Timken GGB Technology Private Limited. The Board meeting approving these outcomes was held on August 4, 2026.The unaudited results, which include both standalone and consolidated figures, have been subjected to a limited review by Deloitte Haskins & Sells LLP, the statutory auditor of the Company, who provided an unmodified opinion on the financial statements.
Financial Performance Overview
The company reported various operational and financial metrics across its entities. The following tables detail the unaudited performance for the quarter ended June 30, 2026, compared against other periods. (All figures are in Million).Standalone Financial Results Summary
| Particulars | Three Months Ended June 30, 2026 | Three Months Ended March 31, 2026 | Three Months Ended June 30, 2025 | Financial Year Ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 9,290.85 | 10,731.35 | 8,088.17 | 34,193.16 |
| Total Income | 9,392.81 | 10,757.73 | 8,188.53 | 34,473.17 |
| Total Expenses | 7,889.36 | 8,683.97 | 6,884.21 | 29,169.25 |
| Net Profit after tax | 1,151.30 | 1,547.94 | 1,042.24 | 3,983.33 |
Consolidated Financial Results Summary
The consolidated results reflect the operations of Timken India Limited and its wholly owned subsidiary, Timken GGB Technology India Private Limited. (All figures are in Million).| Particulars | Three Months Ended June 30, 2026 | Three Months Ended March 31, 2026 | Three Months Ended June 30, 2025 | Financial Year Ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 9,433.20 | 10,898.26 | 8,221.79 | 34,780.29 |
| Total Income | 9,540.53 | 10,906.42 | 8,333.90 | 35,080.90 |
| Total Expenses | 7,978.08 | 8,786.14 | 6,973.00 | 29,554.59 |
| Net Profit after tax | 1,196.59 | 1,583.05 | 1,084.25 | 4,148.85 |
Organizational and Strategic Updates
The Board meeting confirmed changes within the senior management structure of Timken India Limited due to organizational restructuring.Vijay Pratap Singh, General Manager for Sales, Mobility, Aero, Defense & Plain Bearings; Gajanan Bidkar, General Manager for India SCM & Global Sourcing; and Tarun Beniwal, Manager for Corporate Communications have ceased to be part of Senior Management Persons. All three individuals continue to be employed by the Company.
In a strategic development, Timken India Limited acquired 100% equity shares of Timken GGB Technology Private Limited from Timken Europe B.V., Netherlands and The Timken Company, USA. This transaction was executed through a Share Purchase Agreement on November 21, 2025, with a total consideration of ₹1,288 Million. As a result of this acquisition, GGB became a wholly owned subsidiary of Timken India Limited.
The company reported that the acquisition was treated as a 'Common control business combination' under Ind AS 103 - Business Combinations, and accounting has been conducted from April 1, 2024, utilizing the pooling of interest method.
TIMKEN Stock Price Movement
Today, shares of Timken India Limited edged higher to close at ₹3231.9, after gaining 0.28% in a positive trading session. The stock traded within an intraday range of ₹3200 and ₹3250, registering a volume of 61,229 shares as the market closed.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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