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Timken India Ltd’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Sales increased by 11.87 % in YoY and increased by 46.64 % in QoQ

May 9, 2024May 9, 2024| adminadmin| 0 Comments| 4:35 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 11.87 % in the past year, substantial increase in net sales/revenue by 46.64 %.
  • Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 61.17 %. Marginal increase in other income during this quarter, up by 1.61%.
  • Profit over the Year and quarter: Significant improvement in profitability for Timken India Ltd. Notable increase of 35.32 % in net profit Year to Year, Timken India Ltd’s profitability increased by 109.44 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 35.35 % Year to Year. EPS increased by 109.35 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Timken India Ltd”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 802.518 Cr Rs. 612.21 Cr Rs. 897.765 Cr + 46.64 % + 11.87 %
Expenses Rs. 649.62 Cr Rs. 509.73 Cr Rs. 699.08 Cr + 37.15 % + 7.61 %
Operating Profit Rs. 152.9 Cr Rs. 102.48 Cr Rs. 198.69 Cr + 93.88 % + 29.95 %
OPM % 19.05 % 16.74 % 22.13 % + 5.39 % + 3.08 %
Other Income Rs. 6.67 Cr Rs. 10.58 Cr Rs. 10.75 Cr + 1.61 % + 61.17 %
Interest Rs. 1.37 Cr Rs. 0.85 Cr Rs. 1.11 Cr + 30.59 % -18.98 %
Depreciation Rs. 21.31 Cr Rs. 20.98 Cr Rs. 21.78 Cr + 3.81 % + 2.21 %
Profit before tax Rs. 136.89 Cr Rs. 91.23 Cr Rs. 186.55 Cr + 104.48 % + 36.28 %
Tax % 23.66 % 25.98 % 24.19 % -1.79 % + 0.53 %
Net Profit Rs. 104.51 Cr Rs. 67.53 Cr Rs. 141.43 Cr + 109.43 % + 35.33 %
EPS in Rs Rs. 13.89 Rs. 8.98 Rs. 18.8 + 109.35 % + 35.35 %


Today, we’re looking at Timken India Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 11.87 %. However, it did see a marginal increase of 46.64 % from the previous quarter. Expenses ticked up slightly by 37.15 % quarter-on-quarter, aligning with the annual rise of 7.61 %. Operating profit, while up 29.95 % compared to last year, faced a quarter-on-quarter increase of 93.88 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 3.08 %, but an expansion of 5.39 % sequentially. Other income rose by 1.61 % compared to the last quarter, despite an annual growth of 61.17 %. Interest expenses surged remarkably by 30.59 % from the previous quarter, yet the year-over-year decrease remains at a moderate -18.98 %. Depreciation costs climbed by 3.81 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 2.21 %. Profit before tax grew annually by 36.28 % but saw an increase from the preceding quarter by 104.48 %.
Tax expenses as a percentage of profits increased slightly by 0.53 % compared to last year, with a more notable quarter-on-quarter decrease of -1.79 %. Net profit rose by 35.33 % year-on-year but experienced a 109.43 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 35.35 % but a quarterly rise of 109.35 %. In summary, Timken India Ltd’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 802.518 Cr Rs. 612.21 Cr Rs. 897.765 Cr + 46.64 % + 11.87 %
Expenses Rs. 649.62 Cr Rs. 509.73 Cr Rs. 699.08 Cr + 37.15 % + 7.61 %
Operating Profit Rs. 152.9 Cr Rs. 102.48 Cr Rs. 198.69 Cr + 93.88 % + 29.95 %
Net Profit Rs. 104.51 Cr Rs. 67.53 Cr Rs. 141.43 Cr + 109.43 % + 35.33 %
EPS in Rs Rs. 13.89 Rs. 8.98 Rs. 18.8 + 109.35 % + 35.35 %


In reviewing Timken India Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 11.87 % year-on-year growth, however, there was a minor increase of 46.64 % from the previous quarter. Expenses rose by 7.61 % compared to the previous year, with a 37.15 % increase quarter-on-quarter. Operating Profit surged by 29.95 % annually, and saw a 93.88 % increase from the last quarter.
Net Profit showed yearly increase of 35.33 %, and experienced a 109.43 % increase from the previous quarter. Earnings Per Share (EPS) rose by 35.35 % annually, however rose by 109.35 % compared to the last quarter. In essence, while Timken India Ltd exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

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