Timken India Q3 net profit falls 30% despite 14% rise in revenue; margins contract

Timken India Ltd on Wednesday (February 4) reported a 30.3% year-on-year decline in net profit for the third quarter, with profit coming in at ₹54.5 crore compared with ₹78.2 crore in the corresponding quarter last year. Revenue for the quarter rose 14% year-on-year to ₹779.6 crore from ₹683.3 crore in the same period a year ago.

EBITDA declined 8.8% year-on-year to ₹101 crore in Q3, compared with ₹110.6 crore reported in the corresponding quarter of the previous year. EBITDA margin stood at 13% during the quarter, down from 16.2% in the same quarter last year.

The board has appointed Michael Discenza as a Non-Executive Director of the company, liable to retire by rotation, effective April 15, 2026, subject to shareholder approval.

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Discenza currently serves as Vice President, Chief Financial Officer, and an officer of The Timken Company. He is known for combining extensive industry knowledge with financial expertise to provide strategic direction, deliver process improvements, and support growth both organically and through acquisitions.

Since joining Timken in 2000, Discenza has held a range of financial and accounting leadership roles, including Vice President – Finance and Group Controller, Director of Accounting, Financial Planning and Analysis, and Controller of multiple business segments. His experience also encompasses investor relations and advising the Board’s Audit Committee.

Shares of Timken India Ltd ended at ₹3,250.95, down by ₹2.50, or 0.077%, on the BSE.

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