# Timken India Q1 profit beats estimates; broker upgrades to Add

2026-08-07T15:06:15+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Brokerage firm has upgraded Timken India to ADD from Hold after its Q1FY27 results beat estimates. EBITDA rose 21% year-on-year to Rs 170 crore, 5% above estimates. Sales grew 15% to Rs 930 crore, in line with expectations. The EBITDA margin improved 94 basis points to 18.5% on lower raw material costs. The new Bharuch plant contributed Rs 50 crore revenue in Q1 and is ramping up ahead of schedule. Exports grew 21% driven by strong US demand for taper bearings, which offset weakness in Europe, China and ASEAN. The broker raised its target price to Rs 3,812 from Rs 3,637, valuing the stock at 45 times forward earnings.

## Coverage

- thehindubusinessline.com <https://www.thehindubusinessline.com/markets/brokers-call-timken-india-add/article71312921.ece>

Tags: bearings, brokerage call, exports, Q1 results, stock upgrade, Timken India
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