Timken India Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 17, 2023 at 01:57 pm IST
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Timken India Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 8,025.18 million compared to INR 6,674.29 million a year ago. Revenue was INR 8,091.96 million compared to INR 6,723.06 million a year ago. Net income was INR 1,045.14 million compared to INR 1,213 million a year ago. Basic earnings per share from continuing operations was INR 13.89 compared to INR 16.13 a year ago.
For the full year, sales was INR 28,066.1 million compared to INR 22,032.44 million a year ago. Revenue was INR 28,597.85 million compared to INR 22,175.33 million a year ago. Net income was INR 3,907.45 million compared to INR 3,271.05 million a year ago. Basic earnings per share from continuing operations was INR 51.95 compared to INR 43.49 a year ago.
Timken India Limited is an India-based company, which is engaged in engineered bearings and industrial motion products. The Company is in the manufacture, distribution and sale of anti-friction bearings, primarily tapered roller bearings, other roller bearings, components, accessories, and mechanical power transmission products for a diverse customer base. It also provides maintenance contract and refurbishment services. The Company's manufacturing plants are located at Jamshedpur in Jharkhand & Bharuch in Gujarat and distribution centers are located in various parts of the country. Industrial motion products include augers, automatic lubrication systems, belts, brakes and clutches, chain, couplings & universal joints, gear drives / transmissions, linear motion, lubrication and lubrication systems, Timken maintenance tools, gearboxes overhaul, motor repair services, and up tower wind services. It offers various brands, such as Timken, Beka, Cone Drive, Diamond Drives and others.
TIMKEN INDIA LIMITED 
