Timken India's Q2 FY24-25 financial results show decline in PBT and PAT

Timken India, a leading player in the bearings industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Timken India's performance has remained flat in the second quarter of FY24-25. The company's score has dropped from 2 to -2 in the last three months, indicating a decline in its financial performance.

One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income, which has fallen by 8.6% to Rs 111.51 crore compared to the average PBT of the previous four quarters, which was Rs 121.98 crore. This trend is expected to continue in the near term.

Similarly, the Profit After Tax (PAT) has also seen a decline of 9.7% to Rs 89.95 crore compared to the average PAT of the previous four quarters, which was Rs 99.58 crore. This indicates a negative trend in the company's PAT in the near future.

Moreover, Timken India's Non-Operating Income has increased to Rs 12.14 crore, the highest in the last five quarters. However, this increase in income from non-business activities may not be sustainable.

Overall, Timken India's financial performance in the quarter ending September 2024 has not been up to the mark. Investors and stakeholders should closely monitor the company's performance in the coming quarters to make informed decisions.