Business Standard

Timken India surges 14% on strong March quarter results

Going forward, Timken is expected to perform better with sustainable margins, new product launches and better performance in Indian CV & PV segment.

Between December 2020 and February 2021, traders were supposed to maintain at least 25 per cent of the peak margin
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Between December 2020 and February 2021, traders were supposed to maintain at least 25 per cent of the peak margin

SI Reporter Mumbai
Shares of Timken India surged 14 per cent to Rs 2,240 on the BSE in Monday’s trade after the company reported a strong set of earnings, with profit after tax (PAT) more-than-doubling to Rs 12.13 crore in March quarter (Q4FY22), on back of healthy operational performance.

The company engaged in bearings and allied goods & service business had posted profit of Rs 5.30 crore in a year ago quarter. It had profit of Rs 6.98 crore in previous quarter.

The company’s revenue from operations from 40.4 per cent year on year (YoY) and 30.9 per cent quarter on

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First Published: May 30 2022 | 10:42 AM IST

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