Timken India Ltd.

NSE: TIMKEN | BSE: 522113 | ISIN: INE325A01013 |Industry: Industrial Machinery
|Expensive Performer
1069.90 -20.65 (-1.89%)
NSE Oct 28, 2020 15:56 PM
Volume: 9,320

Timken India Ltd.    
17 Dec 2016
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 gained 25.32% in the last 6 Months
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