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Timken India Q4 PAT seen up 28.7% YoY to Rs. 68.1 cr: ICICI Direct

Net Sales are expected to increase by 16.5 percent Y-o-Y (down 9 percent Q-o-Q) to Rs. 553.7 crore, according to ICICI Direct.

April 14, 2022 / 12:50 PM IST
Timken India | The company reported sharply higher profit at Rs 69.8 crore in Q3FY22 against Rs 37.2 crore in Q3FY21, revenue jumped to Rs 510 crore from Rs 383 crore YoY.

Timken India | The company reported sharply higher profit at Rs 69.8 crore in Q3FY22 against Rs 37.2 crore in Q3FY21, revenue jumped to Rs 510 crore from Rs 383 crore YoY.

 
 
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ICICI Direct has come out with its fourth quarter (January-March’ 22) earnings estimates for the Capital Goods sector. The brokerage house expects Timken India to report net profit at Rs. 68.1 crore up 28.7% year-on-year (down 18.2% quarter-on-quarter).

Net Sales are expected to increase by 16.5 percent Y-o-Y (down 9 percent Q-o-Q) to Rs. 553.7 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 26.7 percent Y-o-Y (down 15.1 percent Q-o-Q) to Rs. 110.1 crore.

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