Timken India

“Our investment towards rail expansion at Jamshedpur and plain bearing at Bharuch, they are on target.”

“So the new line would start getting into the trial runs in November and December only, then the PPAPs would start and then we'll qualify those lines.”

“No. We have not yet capitalized. The machines are here. We still have to run them, and we are in the process of doing that.”

“I think that is what the numbers will be coming out with the investment, which has been approved and undergoing as we speak.”

“So overall, new Bharuch facility continues to progress through its ramp-up phase with the lines capitalized, we are focused on improving utilization.”

“So another 3 weeks of tenders, those things will materialize into orders.”

“But in the meantime, there is some interim orders which are placed on wagon builders.”

“Q2 FY27, rail was at INR156.7 crores. So that was 16% of the pie.”

“Mobile others was INR204 crores. That was 21% of the pie.”

“So SRB lines, we have already reached 70% for the quarter, what we promised in the last quarter. CRB lines are still below 60%, I would say.”

“But this quarter sales is more tilted towards intercompany, which is exports.”

“Yes, it will be pretty stable. It is in a very nice spot currently. The Chinese and others are moving a lot of production of the gearboxes into India, and we are in a nice spot there.”

“So I would say that domestically, we should be pretty much okay as the demand looks to very solid.”

“And the momentum is going to be pretty healthy in quarters to come for sure.”

“So one is that the domestic demand is going to remain robust.”

“For us, the good attractive market in months and years to come, both domestically export would be rail for sure, and then the heavy truck segment across the board.”

“So I would say that domestic demand would be the king maker. But overall, bad days of exports, I think, are slowly getting over.”

“PBT margin for the quarter stood at 16.1% compared with 15.6% in the corresponding quarter last year.”

“So depreciation is there. Cost of fuel has gone up. Gas has gone up.”

“Our endeavor is to pass it on, and we'll continuously work on that.”

“Carbides have gone 200% up. Steel is going up and then your gases have already gone up.”

“But automotive, they will kind of delay it a little bit here and there.”

“Also, the amalgamation of Timken GGB Technology Private Limited with Timken India Limited is progressing smoothly.”

“So there will be a combination of selling imported product of GGB and produced in India at our Bharuch facility.”

“So the proposed integration is aimed at driving obviously, synergies, efficiencies and simplifying the overall structure.”

“But we are already winning orders and supplying from our overseas by brand.”

“So there is no structural reduction in depreciation. It was more of an accounting reclassification from other expense depreciation, very close to INR1.3 crores.”

“So as you know, that cost is going to be a challenge in coming months and years also.”

“Global industry activity continues to be influenced by geopolitics.”

“Yeah, rail was low in the quarter. That is the unfavorable mix because the global -- the rail tender was delayed.”

“So generally, the seasonality for the last quarter of the calendar year is always a little bit of softening because of the export and the year end of December, so on and so forth.”

“Revenue from operations stood at INR 969 crores, representing a growth of 25.4% over the corresponding quarter last year.”

“Revenue also grew almost 4.3% over Q1 '27.”

“Net profit after tax for the quarter stood at INR 116 crores compared with INR 89 crores in Q2, representing a nice growth of 29.7%. EBITDA margin for the quarter is at approximately 19.2%.”

“PBT for the quarter stood at INR 156 crores compared to INR 120 crores in Q2 '26, representing a growth of almost 29.5%.”

“Profit before tax was almost INR 306 crores, while profit after tax at INR 231 crores, so an increase of 19%.”