Timken India has presented its quarterly results on Wednesday. The company's profit has increased by more than 10 percent compared to last year. At the same time, the company's income has seen an increase of about 10 percent compared to the same quarter last year. On a year-on-year basis, the company's EBITDA has seen a limited increase. At the same time, margins have weakened somewhat compared to last year. The company has given the results after the market closed. In such a situation, the effect of the results on the stock can be seen in the next session. In today's trading, the stock has closed with a decline of more than half a percent.

How were the quarterly results

According to the results presented by the company, its profit increased from Rs 67.5 crore to Rs 74.3 crore as compared to last year. At the same time, there has been an increase of 9.7 percent in the income and the income increased from Rs 612.2 crore to Rs 671.4 crore. There has been a growth of 4 percent in the EBITDA of the company and the figure increased from Rs 102.4 crore to Rs 106.5 crore. At the same time, the EBITDA margin has come down from 16.7 percent to 15.9 percent. How was the performance of the stock On Wednesday, the stock closed at 2796 with a decline of 0.6 percent. A year ago the stock was at the level of 3200. The lowest level of the stock for the year was 2490 which was seen on 14 March 2024. At the same time, the highest level of the year has been 4816 which was recorded on 18 June 2024. (Disclaimer: The advice or views given on CNBC TV18 Hindi / CNBC Awaaz are the personal views of the experts, brokerage firm, the website or management is not responsible for it. Before investing, please consult your financial advisor or certified expert.)