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

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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 ChangeYoY Change
Net SalesRs m3,8344,4804,378-2.3%14.2%
Other incomeRs m176842-38.6%154.5%
TurnoverRs m3,8504,5484,420-2.8%14.8%
ExpensesRs m3,2413,4683,426-1.2%5.7%
Gross profitRs m5931,012951-6.0%60.4%
DepreciationRs m120222208-6.3%73.3%
InterestRs m32352.4%-5.9%
Profit before taxRs m486857782-8.7%60.9%
TaxRs m170284277-2.5%63.3%
Profit after taxRs m316572505-11.8%59.6%
Gross profit margin%15.522.621.7
Effective tax rate%34.933.235.4
Net profit margin%8.212.611.4
* 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.

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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.

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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.

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