Timken India Limited has announced its financial results for the quarter and year ended March 31, 2026. The Board of Directors has recommended a dividend of Rs. 2.50 per equity share. Additionally, the company is set to undergo a strategic amalgamation of its wholly owned subsidiary, Timken GGB Technology Private Limited, into the parent company to streamline operations and enhance management efficiency.
Financial Performance Highlights
For the financial year ended March 31, 2026, Timken India reported standalone revenue from operations of Rs. 34,193.16 million, compared to Rs. 31,478.10 million in the previous year. The net profit after tax stood at Rs. 3,983.33 million for the year. On a consolidated basis, the annual revenue reached Rs. 34,780.29 million, with a net profit of Rs. 4,148.85 million.
Dividend Payout
Recognizing the company’s performance, the Board has recommended a dividend of Rs. 2.50 per equity share (face value of Rs. 10). The payout is subject to the approval of shareholders at the upcoming Annual General Meeting.
Strategic Amalgamation
The company is initiating the merger of its wholly-owned subsidiary, Timken GGB Technology Private Limited. This move is designed to simplify the corporate structure, reduce administrative duplication, and optimize the use of shared resources such as human resources, finance, and legal functions. The consolidation is expected to improve financial flexibility and allow for a more efficient allocation of capital.
Management Appointments
Timken India has expanded its senior management team with the appointment of Mr. Gajanan Bidkar as General Manager – India SCM & Global Sourcing, and Mr. Himanshu Kumar Mishra as General Manager – Plant Operations, Jamshedpur. These appointments align with the company’s focus on operational excellence and leadership development.
Source: BSE
