Timken India's PAT grows by a whopping 87% YoY to Rs69.80cr during Q3 FY22

3 Feb 2022 , 01:08 PM

Timken India Ltd., a global player in tapered roller bearings with operations continuing over three decades, announced its audited quarterly results for the period ending December 2021 on Thursday and put front a strong performance growth.

Company’s total revenue for the December 2021 quarter was Rs 512.80 crore as against Rs 384.80 crore for the previous corresponding quarter, reflecting a growth of 33.26% YoY. Its revenue for the 9M period ending December 2021 was Rs 1545.20 crore as against Rs 946.90 crore, reflecting a growth of 63.19% YoY.

Company’s PAT stood at Rs 69.80 crore for Q3 FY’22 as against Rs 37.20 crore for Q3 FY’21, growing 87.63% YoY. While PAT for the 9M period ended December 2021 stood at Rs 205.70 crore against Rs 90.20 crore for the previous corresponding quarter, up by 128.05% YoY.

At around 1.00 pm, Timken India was seen at Rs 2,035.50 against its previous closing price of Rs 2051.20, marginally down by Rs 15.70 or 0.77%. It has touched day’s high and low of Rs 2089 and Rs 2021.20 respectively, so far in today’s trade.