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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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.

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 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.

TIMKEN INDIA Announces Quarterly Results (3QFY19); Net Profit Up 188.2% (Quarterly Result Update)

Feb 12, 2019 | Updated on Feb 12, 2019

For the quarter ended December 2018, TIMKEN INDIA has posted a net profit of Rs 264 m (up 188.2% YoY). Sales on the other hand came in at Rs 4 bn (up 38.1% YoY). Read on for a complete analysis of TIMKEN INDIA's quarterly results.

Sandhar Technologies IPO: Worth Betting on This Automotive Component Manufacturer? (IPO)

Mar 17, 2018

Should you subscribe to the IPO of Sandhar Technologies Ltd?

More Views on News

Most Popular

My 3 Best Small-cap Stocks to Get Rich in this Market Rebound(Profit Hunter)

Oct 14, 2019

This is once in a decade opportunity to make a killing from smallcap rebound.

Finally, Is the Share Price of Yes Bank Ready for a Rebound?(The 5 Minute Wrapup)

Oct 7, 2019

Here's what every individual investor must know about Yes Bank...

The One Stock I Like in this Market(The 5 Minute Wrapup)

Oct 10, 2019

There are rare periods in markets when you get good quality stocks at attractive valuations. Is this one such period?

Rebound Riches Could be Yours With These Stocks(Profit Hunter)

Oct 4, 2019

The secret to multibagger is not big businesses, but great managements... Here's how to find them to make the most of once in a decade rebound opportunity.

5 Smart Money Stocks to Profit from the Market Rebound(The 5 Minute Wrapup)

Oct 11, 2019

Now is the time to put money in these 5 stocks to take advantage of the recovery in the economy and the markets.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

TIMKEN INDIA SHARE PRICE


Oct 17, 2019 10:29 AM

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 5-YR ANALYSIS

COMPARE TIMKEN INDIA WITH

MARKET STATS