Timken India Q1FY21; net profit plunges ~94% yoy


Quarterly Results

Timken India Ltd. announced its quarterly results on August 13, 2020. Net revenue in Q1FY21 stood at Rs160.23cr, which declined by 63.4% yoy from Rs437.75cr in Q1FY20.     

EBITDA stood at Rs14.07cr in Q1FY21 that decreased by 85.21% yoy. For Q1FY20, it had posted EBITDA of Rs95.12cr. EBITDA margin as of Q1FY21 was at 8.78% that declined by 12.95% yoy against the same quarter, previous year.     

The net profit in Q1FY21 came in at Rs3.15cr that declined by 93.76% yoy, as compared to Q1FY20, when it reported Rs50.49cr. The net profit margin in Q1FY21 came in at 1.97% that declined by 9.56% yoy. The net profit margin for Q1FY20 was at 11.53%.     

The share closed at Rs996.55 with decline of 0.1% in today’s session on BSE.








Particulars

Q1FY21
 (Rs in cr)

Q1FY20
(Rs in cr)

% VAR

Net Revenue

160.23

437.75

-63.40

Operating Profit

14.07

95.12

-85.21

Net Profit

3.15

50.49

-93.76

EBITDAM%

8.78

21.73

-12.95

PATM%

1.97

11.53

-9.56

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