TIMKEN India Ltd reports net profit of Rs. 104.51 crores in Q4 FY23

Timken India Limited has reported Standalone financial results for the period ended March 31, 2023.

Financial Results (Q4 FY2023) - QoQ Comparison

The company has reported total income of Rs. 809.196 crores during the period ended March 31, 2023 as compared to Rs. 623.805 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs. 104.514 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs. 70.559 crores for the period ended December 31, 2022.

The company has reported EPS of Rs. 13.89 for the period ended March 31, 2023 as compared to Rs. 9.39 for the period ended December 31, 2022.

Financials	Q4 FY2023	Q3 FY2023	% Change
Total Income	₹809.196 crs	₹623.805 crs	29.72%
Net Profit	₹104.514 crs	₹70.559 crs	48.12%
EPS	₹13.89	₹9.39	47.92%

Financial Results (Q4 FY2023) - YoY Comparison

The company has reported total income of Rs.809.196 crores during the period ended March 31, 2023 as compared to Rs.672.306 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs.104.514 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs.121.30 crores for the period ended March 31, 2022.

The company has reported EPS of Rs.13.89 for the period ended March 31, 2023 as compared to Rs.16.13 for the period ended March 31, 2022.

Financials	Q4 FY2023	Q4 FY2022	% Change
Total Income	₹809.196 crs	₹672.306 crs	20.36%
Net Profit	₹104.514 crs	₹121.30 crs	-13.84%
EPS	₹13.89	₹16.13	-13.89%

Financial Results (Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.2859.785 crores during the Financial Year ended March 31, 2023 as compared to Rs.2217.533 crores during the Financial Year ended March 31, 2022.

The company has posted net profit / (loss) of Rs.390.745 crores for the Financial Year ended March 31, 2023 as against net profit / (loss) of Rs.327.105 crores for the Financial Year ended March 31, 2022.

The company has reported EPS of Rs.51.95 for the Financial Year ended March 31, 2023 as compared to Rs.43.49 for the Financial Year ended March 31, 2022.

Financials	Year Ended FY2023	Year Ended FY2022	% Change
Total Income	₹2859.785 crs	₹2217.533 crs	28.96%
Net Profit	₹390.745 crs	₹327.105 crs	19.46%
EPS	₹51.95	₹43.49	19.45%

Shares of Timken India Limited was last trading in BSE at Rs. 3221.75 as compared to the previous close of Rs. 3151.40. The total number of shares traded during the day was 1848 in over 498 trades.

The stock hit an intraday high of Rs. 3240.00 and intraday low of 3026.35. The net turnover during the day was Rs. 5917613.00.

Source : Equity Bulls

Keywords

TIMKENIndia Q4FY23 FY2023 ResultUpdate