Timken India Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 10, 2023 at 09:01 am EST
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Timken India Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 6,819.84 million compared to INR 6,954.13 million a year ago. Revenue was INR 6,920.71 million compared to INR 7,169.49 million a year ago. Net income was INR 930.46 million compared to INR 975.99 million a year ago. Basic earnings per share from continuing operations was INR 12.37 compared to INR 12.98 a year ago.
For the six months, sales was INR 13,995.66 million compared to INR 13,946.31 million a year ago. Revenue was INR 14,190 million compared to INR 14,267.49 million a year ago. Net income was INR 1,831.83 million compared to INR 2,156.61 million a year ago. Basic earnings per share from continuing operations was INR 24.35 compared to INR 28.68 a year ago.
Timken India Limited is an India-based company, which is engaged in engineered bearings and industrial motion products. The Company is in the manufacture, distribution and sale of anti-friction bearings, primarily tapered roller bearings, other roller bearings, components, accessories, and mechanical power transmission products for a diverse customer base. It also provides maintenance contract and refurbishment services. The Company's manufacturing plants are located at Jamshedpur in Jharkhand & Bharuch in Gujarat and distribution centers are located in various parts of the country. Industrial motion products include augers, automatic lubrication systems, belts, brakes and clutches, chain, couplings & universal joints, gear drives / transmissions, linear motion, lubrication and lubrication systems, Timken maintenance tools, gearboxes overhaul, motor repair services, and up tower wind services. It offers various brands, such as Timken, Beka, Cone Drive, Diamond Drives and others.
TIMKEN INDIA LIMITED 
