Timken India Ltd.

NSE: TIMKEN | BSE: 522113 | ISIN: INE325A01013 | Industry: Abrasives & Bearings
| Expensive Performer
2534.0000 4.10 (0.16%)
NSE Apr 28, 2025 15:31 PM
Volume: 34,702
 

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Timken India Ltd.
17 Dec 2016
2534.00
0.16%
Karvy
Mixed results for Q2FY17, growth story intact: Timken has registered slightly lower sales by -1.1% sequentially & 7.3% YoY growth for Q2FY17 owing to hard market dynamics. EBITDA & EBIT margins have contracted by 30 bps each QoQ mainly on account of rise in other expenses. However, Net profit margin has expanded by 70 bps sequentially to 10.1% on account of lower tax expenses in Q2FY17. H1FY17 performance has been impressive till now with 7.9%, 19.6% & 14.6% growth in revenue, EBITDA & PAT respectively YoY, along with an EBITDA margin expansion of 160 bps & 170 bps expansion in PAT margin.
Timken India Ltd. has an average target of 4190.00 from 2 brokers.
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