Timken India522113Quarterly results

Q2 FY27 call: revenue up 25.4%, PAT up 29.7%; Bharuch ramp-up and cost inflation in focus

Timken India Q2 FY27 call: standalone revenue INR 969 crores, up 25.4% year on year.

By ScoutQuest · Tue 3 Nov 2026, 12:28 PM IST · 2 min read

Standalone Revenue: INR 969 crores, up 25.4% year on year
PAT: INR 116 crores, up 29.7%
EBITDA Margin: about 19.2%

Q2 FY27 scorecard

Standalone revenue from operations INR 969 crores, a growth of 25.4% over the same quarter last year
Profit before tax INR 156 crores
Profit after tax INR 116 crores, a growth of 29.7% year on year
EBITDA margin approximately 19.2%
Consolidated revenue for the quarter INR986 crores

Management said the quarter reflects demand across key end markets, contribution from expanded capacity and execution across both domestic and export businesses, with a delay in rail.

Segment picture

Exports formed the largest slice of the quarter's revenue, followed by mobile others, process, rail and distribution. Management said export momentum is expected to remain healthy in the quarters to come, with the North American rail market adding traction over coming quarters rather than immediately. Rail expansion at Jamshedpur and the plain bearing lines at Bharuch are stated to be on target, with commissioning and PPAP runs expected soon.

Bharuch plant ramp-up

Revenue from the plant was very close to INR75 crores in the quarter. Overall capacity utilisation is around 60%; the SRB lines have reached 70% for the quarter, while CRB lines are below 60%. Management linked the pace partly to certifications and customer-side approvals for material of construction. Improved utilisation is a stated focus area.

Costs and pricing

Management said costs are going up and will keep going up, naming carbides, steel, gases and labour, and that the bearing industry cannot absorb this, so the endeavour is to pass it on to customers. Industrial customers are described as accepting price increases, while automotive customers may delay. Part of the gross margin pressure was also attributed to an unfavourable mix in how products were sold across front-end units. Cost reduction is listed as a focus area.

Corporate structure

The amalgamation of Timken GGB Technology Private Limited with Timken India Limited is progressing through its regulatory process. The stated aim is synergies, efficiencies and a simpler overall structure.

Outlook

Domestic demand is described as solid. Global industry activity is seen as influenced by geopolitics, trade-related uncertainty and shifting supply chains. Execution is called the key as the company moves into the next quarter.

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