Key takeaway: Management reported a strong finish to FY26, with the highest stand-alone revenue of INR3,147 crores, and a robust Q4 exceeding INR1,000 crores. For Q1 FY27, revenue reached INR929 crores, reflecting a 15% year-on-year growth, with profit before tax (PBT) also increasing by 15% to INR150 crores. The PBT margin was reported at 16.2%, consistent with the previous year. Management highlighted the successful ramp-up of the Bharuch plant and the approval of the amalgamation with Timken GGB Technology. They noted challenges in the railway segment due to slow government procurement but expressed optimism about future growth. Cost pressures from steel prices were acknowledged, with management actively working on price adjustments and cost-saving measures. The earnings call concluded with management open to further questions.

Key takeaway: Management reported that FY26 was a year of consistent performance for Timken India, with a milestone of crossing INR1,000 crores in quarterly revenue for the first time. Revenue from operations for Q4 FY26 was INR10,731 million, reflecting a 14.2% growth year-over-year. The consolidated PBT for the quarter was INR2,120 million, with a PBT margin of 19.3%. Management highlighted strong demand in core industrial segments and successful execution of projects, despite macroeconomic uncertainties and cost pressures. The company completed investments in renewable energy initiatives and reported significant progress in its Bharuch plant, which is ramping up production. Management noted that while input costs are rising, they are actively working on passing these costs onto customers. The demand across key segments remains stable, with a focus on efficiency and execution. Management also discussed the merger of Timken GGB with Timken India to drive operational synergies.

Key takeaway: During the earnings call for Q3 FY 2025-26, management reported a revenue of INR 764 crores, reflecting a 13.8% increase year-over-year, although there was a slight sequential decline due to seasonality in the rail business. Profit before tax was INR 719 million, impacted by transitional costs related to labor code changes and ramp-up expenses from the new Bharuch plant. For the nine months ending Q3 FY 2026, revenue reached INR 2,346 crores, showing nearly 6% growth year-over-year. Management highlighted ongoing strategic priorities, including capacity expansion and operational improvements, and noted that recent global trade developments could enhance export opportunities for Indian manufacturing. Segment-wise, the commercial vehicle sector showed growth, with revenues from mobile and distribution segments also increasing. Management emphasized a focus on disciplined capital allocation and operational productivity to capture growth opportunities across various segments.