MyStocks

MEMBER'S LOGINX

Remember Username
Keep me signed in

(Please do not use this option on a public machine)

Print
Text -Size
FaceBook
Twitter
Linked In
WhatsApp

Home
Research It
TIMKEN INDIA
TIMKEN INDIA Announces Quarterly Results (1QFY20); Net Profit Up 59.6%

Markets will remain closed on 6^th April, 2020 on account of Mahavir Jayanti.

TIMKEN INDIA Announces Quarterly Results (1QFY20); Net Profit Up 59.6%
Fri, 16 Aug

TIMKEN INDIA has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

TIMKEN INDIA Quarterly Financials

No. of Mths Qtr. Ending		3 Jun-18*	3 Mar-19*	3 Jun-19*	QoQ Change	YoY Change
Net Sales	Rs m	3,834	4,480	4,378	-2.3%	14.2%
Other income	Rs m	17	68	42	-38.6%	154.5%
Turnover	Rs m	3,850	4,548	4,420	-2.8%	14.8%
Expenses	Rs m	3,241	3,468	3,426	-1.2%	5.7%
Gross profit	Rs m	593	1,012	951	-6.0%	60.4%
Depreciation	Rs m	120	222	208	-6.3%	73.3%
Interest	Rs m	3	2	3	52.4%	-5.9%
Profit before tax	Rs m	486	857	782	-8.7%	60.9%
Tax	Rs m	170	284	277	-2.5%	63.3%
Profit after tax	Rs m	316	572	505	-11.8%	59.6%
Gross profit margin	%	15.5	22.6	21.7
Effective tax rate	%	34.9	33.2	35.4
Net profit margin	%	8.2	12.6	11.4

* Results Consolidated
Interim results exclude extraordinary / exceptional items

Source: Company Reports, Regulatory Filings, Equitymaster

Year-on-Year Performance:

The company's operating income during the quarter grew 14.2% on a year-on-year (YoY) basis. The expenses were up by 5.7% YoY during the same period.
The company's operating profit increased by 60.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.7% in 1QFY20 as against 15.5% in 1QFY19.
Depreciation charges increased by 73.3% and finance costs declined by 5.9% YoY, respectively.
Other income increased by 154.5% YoY during the quarter.
Net profit for the quarter increased by 59.6% YoY. Net profit margins during the quarter increased from 8.2% in 1QFY19 to 11.4% in 1QFY20.

Quarter-on-Quarter Performance:

The company's operating income during the quarter fell 2.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.2% QoQ during the same period.
The company's operating profit declined by 6.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.7% in 1QFY20 as against 22.6% in 4QFY19.
Net profit for the quarter declined by 11.8% QoQ, while net profit margins declined from 12.6% in 4QFY19 to 11.4% in 1QFY20.

To see how TIMKEN INDIA has performed over the last eight quarters,please visit here.

TIMKEN INDIA Share Price Performance

Over the last one year,TIMKEN INDIA share price has moved down from Rs 712.9 to Rs 707.7, registering a Loss of Rs 5.2 or around 0.7%.

Overall, the S&P BSE SENSEX is down 1.9% over the year.

Current Valuations

At the current price of Rs 707.7, the price to earnings (P/E) ratio of TIMKEN INDIA stands at 28.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.6 times.

Equitymaster requests your view! Post a comment on "TIMKEN INDIA Announces Quarterly Results (1QFY20); Net Profit Up 59.6%". Click here!

Related Views on News

TIMKEN INDIA Announces Quarterly Results (2QFY20); Net Profit Up 44.1% (Quarterly Result Update)

Nov 1, 2019 | Updated on Nov 1, 2019

For the quarter ended September 2019, TIMKEN INDIA has posted a net profit of Rs 498 m (up 44.1% YoY). Sales on the other hand came in at Rs 4 bn (down 3.1% YoY). Read on for a complete analysis of TIMKEN INDIA's quarterly results.

TIMKEN INDIA 2018-19 Annual Report Analysis (Annual Result Update)

Jul 19, 2019 | Updated on Jul 19, 2019

Here's an analysis of the annual report of TIMKEN INDIA for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of TIMKEN INDIA. Also includes updates on the valuation of TIMKEN INDIA.

TIMKEN INDIA Announces Quarterly Results (4QFY19); Net Profit Up 141.4% (Quarterly Result Update)

May 24, 2019 | Updated on May 24, 2019

For the quarter ended March 2019, TIMKEN INDIA has posted a net profit of Rs 572 m (up 141.4% YoY). Sales on the other hand came in at Rs 4 bn (up 29.7% YoY). Read on for a complete analysis of TIMKEN INDIA's quarterly results.

More Views on News

TIMKEN INDIA SHARE PRICE

BSE: 789.00 -0.44% NSE: 788.75 -0.25%
Apr 3, 2020 (Close)

TRACK TIMKEN INDIA

Track your investment in TIMKEN INDIA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
Add To MyStocks

TIMKEN INDIA - COMMEX TECHNOLOGY COMPARISON

Compare Company With Charts

COMPARE TIMKEN INDIA WITH

MARKET STATS

ABOUT EQUITYMASTER

Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.

FREE NEWSLETTERS

PREMIUM PRODUCTS

QUICK LINKS

APPS

FOLLOW

Equitymaster Agora Research Private Limited (Research Analyst) 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407

All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

Testimonials