25 Jun 2019 | 10:23 PM

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COMPANYNEWS
Timken India Ltd Q4 net profit zooms 141.43% at Rs 57.22 cr
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Published on 05-21-2019
The company reported standalone net profit of Rs 57.22 crore for the quarter ended March 31 2019 as compared to Rs 23.70 crore in the same period last year registering a year-on-year growth of 141.43 per cent.


Net revenue of the company rose substantially by 29.70 per cent at Rs 447.96 crore in January-March quarter of this fiscal as against Rs 345.39 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 15.83 per cent to Rs 346.75 crore from Rs 299.35 crore in year ago period.


Other Income grew by 282.12 per cent at Rs 6.84 crore versus (Mar`18 Rs 1.79 crore).


Operating Profit surged by 119.83 per cent to Rs 101.21 crore as against Rs 46.04 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 69.47 per cent in March quarter.


Interest declined by 19.23 per cent y-o-y to Rs 0.21 crore while Taxation increased by 120.73 per cent at Rs 28.43 crore (Mar`18 Rs 12.88 crore).