Timken India reports a 15% year-on-year revenue increase for June 2026, with strong demand in its process sector and export markets, supported by the Bharuch plant’s expanded capacity and resilient global demand, despite cost inflation and geopolitical uncertainties.
Timken India said revenue rose 15% year on year in the quarter ended June 2026, helped by stronger demand in its process business and a solid showing in exports. The company reported sales of INR929 crore and profit before tax of INR150 crore, up 15% from a year earlier, with the PBT margin improving to 16.2% despite heavier depreciation from recent capacity spending.
Management said the Bharuch plant in Gujarat is moving through an early ramp-up phase after the facility was expanded to make spherical and cylindrical roller bearings. The company told investors that output at the spherical roller bearing line had climbed to 40% to 45% utilisation during the quarter and was expected to reach about 70% by August or September 2026, while the cylindrical roller bearing line is trailing behind and may not fully settle into steady production until later in the fiscal year. The Bharuch site was built to widen Timken’s range beyond tapered roller bearings and to serve both domestic and overseas customers, according to earlier company statements and industry reports on the expansion.
The process segment was the standout performer, growing by nearly 30% as demand from wind energy and metal customers remained firm. Export sales rose 21%, supported mainly by resilient demand in the US, while markets in Europe, ASEAN and China were weaker. Railway sales, by contrast, increased only 3%, which the company attributed to a slow pace of government procurement as public spending has been diverted towards defence and other priorities.
Cost inflation remains a live issue. Timken India said steel prices have risen by about INR5,000 per tonne since January 2026, although most customers have accepted price increases and the company has been able to pass on much of the extra cost. Management also said the group’s switch from LPG to natural gas across its plants was completed quickly, helping to cushion energy expenses. Gross margin improved by 100 basis points to 39.9% even though the quarter carried an unfavourable product mix, indicating that pricing and operating discipline are still doing some of the heavy lifting.
Looking ahead, the company expects capital expenditure in fiscal 2027 to remain at 8% to 10% of sales, with spending on the Jamshedpur rail plant and plane bearings continuing. A proposed amalgamation of Timken GGB Technology Private Limited with Timken India is also awaiting approval from the National Company Law Tribunal in Bengaluru, a step the company says should deliver synergies and cost savings. Management remains upbeat on demand, particularly in the US, but warned that tariffs, geopolitical tensions and slower railway procurement could keep the path uneven.
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