Timken India Limited has reported its audited financial results for the quarter and financial year ended 31 March, 2026. The Board approved a dividend of Rs. 2.50 per equity share. Additionally, the company announced an internal corporate restructuring, proposing the amalgamation of its wholly owned subsidiary, Timken GGB Technology Private Limited, into the parent entity to streamline operations, reduce administrative costs, and improve overall capital efficiency.
Financial Performance for FY 2025-26
Timken India Limited delivered a robust financial performance for the fiscal year ended 31 March, 2026. The company reported annual revenue from operations at Rs. 34,193.16 million on a standalone basis, with a net profit of Rs. 3,983.33 million. For the final quarter (Q4: Jan-Mar 2026), revenue stood at Rs. 10,731.35 million. The Board of Directors has recommended a final dividend of Rs. 2.50 per equity share of Rs. 10 each, subject to approval at the upcoming Annual General Meeting.
Strategic Amalgamation of Subsidiary
The Board has approved a scheme to merge its wholly owned subsidiary, Timken GGB Technology Private Limited, into Timken India Limited. This move is designed to create a single, unified entity with a stronger asset base. The amalgamation aims to simplify the group structure, eliminate duplicate administrative functions, and achieve significant cost synergies. As the transferor is a wholly-owned subsidiary, there will be no cash consideration involved, and the shareholding pattern of the parent company will remain unchanged.
Strengthening Senior Management
To support its operational objectives, the company has elevated two key leaders to Senior Management positions, effective 18 May, 2026. Mr. Gajanan Bidkar has been appointed as General Manager for India SCM & Global Sourcing, while Mr. Himanshu Kumar Mishra takes on the role of General Manager for the Jamshedpur Plant. Both appointments are aligned with the company’s commitment to strengthening its leadership team across manufacturing and supply chain verticals.
Source: BSE
