Q3FY17 Results : Timken India

Bhagyashree Vivarekar / 02 Feb 2017

Q3FY17 Results : Timken India

The company reported PAT of Rs 13.2 crore, which represents a sequential QoQ decline of 55.7 per cent and a YoY decline of 35.29 per cent.

Timken India Ltd. reported its standalone results for the quarter ended December 31, 2016 today. 

The company’s sales for Q3FY17 at Rs 244.4 crore represented a 17.63 per cent sequential decline and 8.67 per cent YoY decline.

Its operating profit (EBIT) for the quarter amounted to Rs 16.8 crore and its EBIT margin was 6.87 per cent.

The company reported PAT of Rs 13.2 crore, which represents a sequential QoQ decline of 55.7 per cent and a YoY decline of 35.29 per cent.

Timken Indian Ltd, co-promoted by The Timken Company, USA (TIMKEN) and Tata Iron and Steel Company Limited. Timken India is engaged in the manufacture, sale and exports of anti-friction bearings, components and related parts. The company also imports and purchases for resale and acts as a sales agent for The Timken Company's products.

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