Timken India (522113) Q4 24/25 earnings summary

Executive summary

• Q4 FY25 sales reached INR 940 crore, up 4.7% year-over-year and 40% sequentially, with profit before tax growing 8% YOY and nearly doubling sequentially.

• Full-year FY25 revenue was INR 3,147 crore, an 8.2% increase over FY24, with strong growth in the rail segment and steady performance across other segments.

• Audited financial results for the quarter and year ended March 31, 2025, were approved, with an unmodified opinion from the statutory auditors.

• Dividend of Rs. 36 per equity share recommended for FY25, subject to AGM approval.

• Board approved key director appointments and a new secretarial auditor for a five-year term.

Financial highlights

• Revenue from operations for FY25 was Rs. 31,478.10 million, up from Rs. 29,095.41 million year-over-year.

• Net profit after tax for FY25 stood at Rs. 4,473.86 million, compared to Rs. 3,921.42 million in FY24.

• Q4 FY25 revenue was Rs. 9,397.91 million, with net profit after tax at Rs. 1,868.29 million.

• Q4 margin improved by 70 basis points YOY and was 7% higher than the previous quarter.

• A one-time gain of INR 272 million from a bilateral APA agreement positively impacted Q4 revenue and bottom line.

Outlook and guidance

• Rail segment expected to maintain steady double-digit growth in FY26, supported by ongoing government investment and technology enhancements.

• Export markets remain mixed, with sluggish demand in large markets but some promise in smaller regions; overall export outlook remains cautious.

• Commercial vehicle demand projected to grow at 4-5% in the coming year, with tractors showing strong sales in April.

• Bharuch plant utilization expected to reach 45% by year-end, with a 50-50 split between domestic and export sales targeted.