Are Timken India latest results good or bad?

Timken India has reported its financial results for the quarter ending March 2025, showcasing a notable performance. The Profit After Tax (PAT) reached Rs 186.83 crore, reflecting a significant growth compared to the average PAT of Rs 100.50 crore over the previous four quarters. Similarly, the Profit Before Tax (PBT), excluding other income, was Rs 187.67 crore, indicating an increase from the average PBT of Rs 122.40 crore in prior quarters.
Net sales for the quarter achieved a record high of Rs 939.79 crore, representing a rise from the average of Rs 776.45 crore in the last four quarters. Operating profit also peaked at Rs 209.74 crore, with an operating profit margin of 22.32%, suggesting enhanced operational efficiency. The Earnings per Share (EPS) rose to Rs 24.84, marking the highest level in the last five quarters.

However, the subsequent quarter ending June 2025 showed a decline in key metrics. Net sales experienced a decrease of 13.94% from the previous quarter, and standalone net profit fell by 44.22%. Operating profit also saw a reduction, with a margin of 22.32%, down from 17.60% in the prior quarter.

It is important to note that there was an adjustment in the company's evaluation, reflecting the mixed performance across the reported periods. The increase in non-operating income to Rs 13.86 crore may not be sustainable in the long term, which could impact future performance. Overall, while Timken India demonstrated strong results for the March quarter, the subsequent quarter's performance indicates challenges that may need to be addressed.