Timken India’s second quarter results are announced in real time: profit fell 3.33% year-on-year

Timken Company India’s second quarter results live broadcast: Timken Company India announced its second quarter results on November 5, 2024. Although profits fell by 3.33% during the same period, total revenue increased by 10.4% year-on-year. The results reflected mixed results as the company responded to market challenges.

Timken India’s revenue fell 3.93% compared to the previous quarter, while profits saw a more significant decline, down 6.6%. The quarter’s decline raised questions about the company’s operating efficiency and market strategy.

The company’s selling, general and administrative expenses increased 1.1% sequentially and 2.35% year-over-year, indicating that increased operating costs may affect future profitability. In addition, operating income decreased by 5.52% month-on-month and 1.74% year-on-year.

Second quarter earnings per share (EPS) was $11.96, a decrease of 3.31% from the previous year. The decline in earnings per share points to underlying concerns among investors about the company’s profitability.

Despite the quarterly challenges, Timken Company India has shown some resilience, returning 3.8% last week, 0.79% over the past six months, and 5.36% year-to-date, which is commendable . The data suggests the stock may still have some appeal to investors.

Currently, the market capitalization of Timken Company India is $25,770.69 Crore, with 52-week high and low of Rs. $4,817.9 and $2,524.5 respectively. These indicators point to volatile stock performance over the past year.

As of November 6, 2024, analysts at Timken Company India are unanimously leaning towards a positive outlook, with 2 analysts recommending a “hold” rating, 4 analysts recommending a “buy” and 1 analysts giving “Strong Buy” rating. The overall recommendations point to favorable investment opportunities.