Timken India Ltd.

NSE: TIMKEN | BSE: 522113 | ISIN: INE325A01013 |Industry: Industrial Machinery
|Expensive Performer

Timken India Ltd.    
14 Feb 2019
1085.70
-1.96%
ICICI Securities Limited
For Q3FY19, revenues came in at | 384.9 crore, up 38.1% YoY. We expected revenues of | 349.2 crore (25% growth) Gross margins were at 45.6% vs. 36.9% YoY. EBITDA margins were at 14.4% vs. 7.4 YoY. Gross margins, EBITDA margins were lower in Q3FY18 due to a change in product mix and high input prices during the quarter. We believe the same has now corrected in Q3FY19 Accordingly, absolute EBITDA and PAT grew 168.1% and 188.2% to | 55.6 crore and | 26.4 crore, respectively...
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Timken India Ltd. has an average target of 820.00 from 2 brokers.
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