Interim report
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Registered office: Timken India Limited 39-42, Electronic City, Phase II, Hosur Road, Bangalore 560 100. Tel: +91(80) 41362000, Fax: +91(80) 41362010, Website: www.timken.com/en-in/ CIN:L29130KA1996PLC048230 Mandar Vasmatkar Company Secretary & Chief-Compliance mandar.vasmatkar@timken.com 29 October, 2026 National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, NSE Symbol- TIMKEN G-Block, Bandra- Kurla Complex, Bandra (E), Mumbai- 400 051. BSE Limited Phiroze Jeejeebhoy Towers, Scrip Code- 522113 Dalal Street, Fort, Mumbai- 400 001. Dear Sir/Madam, Sub: Outcome of the Board Meeting held on 29 October, 2026 Pursuant to Regulations 30 and 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we writ e to inform you that the Board has considered and approved Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended 30 September, 2026. We confirm that Deloitte Haskins & Sells LLP, Statutory Auditors of the Company, have issued Limited Review Reports with unmodified opinion on said Financial Results. Copy of Unaudited Financial Results along with Limited Review Reports is enclosed herewith. Time of commencement of the Board Meeting: 6.00 PM. Time of conclusion of the Board Meeting: 7:03 PM. Kindly request you to take this on record. Thanking you. Yours faithfully, For TIMKEN INDIA LIMITED Mandar Vasmatkar Company Secretary & Chief – Compliance TIMKEN Engineered Bearings I Mechanical Power Transmission Products I Industrial Services
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SI. No 1 2 3 4 5 6 7 8 9 10 Notes TIMKEN INDIA LIMITED Regd. Office: 39-42, Electronic City Phase II, Hosur Road, Bangalore - 560 100 Tel: +91 80 4136 2000 Fax: +91 80 4136 2010 GIN : L29130KA1996PLC048230 Website: www.timken.com/en-in. TI STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2026 KE (i!' in Million except as otherwise stated) Particulars Three months ended Six months ended Financial Year ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31 , 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Income (a) Revenue from operations 9,692.97 9,290.85 7,729.87 18,983.82 15,818.04 34,193.16 (b) Other Income 80.63 101 .96 96.28 182.59 196.64 280.01 Total Income 9,773.60 9,392.81 7,826.15 19,166.41 16,014 .68 34,473 .17 Expenses (a) Cost of materials consumed 2,607.76 3,511 .54 2,473.20 6,119.30 5,090.44 10,127.58 (b) Purchases of Stock-in-Trade 3,144.52 2,949.52 2,667.64 6,094.04 4,909.19 11 ,176.67 (c) Changes in inventories of finished goods, Stock-in-Trade 198.84 (878.13) (485.62) (679.29) (405.62) (339.77) and work-in-progress (d) Employee benefits expenses 499.44 491 .24 431.07 990.68 863.06 1,824.93 (e) Finance costs 9.87 7.59 8.02 17.46 19.39 36.83 (f) Depreciation & amortization expenses 289.00 313.33 265.91 602.33 473.94 1,057.28 (g) Other expenses 1,461.80 1,494.27 1,259.45 2,956.07 2,553.48 5,285.73 Total Expenses 8,211.23 7,889.36 6,619.67 16,100.59 13,503.88 29,169.25 Profit before tax (1-2) 1,562.37 1,503.45 1,206.48 3,065.82 2,510.80 5,303 .92 Tax Expenses - Current tax (includes reversal relating to earlier years) 379.50 300.21 278.80 679.71 482.40 1,167.43 - Deferred tax 22.23 51 .94 33.02 74.17 91 .50 153.16 Total tax expenses 401.73 352.15 311 .82 753.88 573.90 1,320.59 Net Profit after tax (3-4) 1,160.64 1,151.30 894.66 2,311 .94 1,936.90 3,983.33 Other comprehensive income Items not to be reclassified to profit or loss : (i) Re-measurement gains/ (losses) on defined benefit plans 12.86 (35.17) 10.56 (22.31) 1.02 14.61 (ii) Income tax effect on above (3.23) 8.85 (2.66) 5.62 (0.26) (3.68) Total other comprehensive income I (loss) 9.63 (26.32) 7.90 (16.69) 0.76 10.93 Total comprehensive income (5+6) 1,170.27 1,124.98 902.56 2,295 .25 1,937.66 3,994.26 Paid-up equity share capital - (of Rs 10/- each) 752.19 752.19 752.19 752.19 752.19 752.19 Other Equity 28,982.85 Earnings per Share (of Rs.10/- each) ( Basic & Diluted) Rs 15.43 15.31 11.89 30.74 25.75 52.96 Not annualised Not annualised Not annualised Not annualised Not annualised Annualised (1) The Statement of unaudited standalone financial results ('the Statement') of Timken India Limited ('the Company') for the quarter and six months ended September 30, 2026 has been reviewed by the Audit Committee and approved by the Board of Directors at their respect ive meetings held on October 29, 2026. The Statement has been subjected to limited review by Deloitte Haskins & Sells LLP, the statutory auditor of the Company. The report of the statutory auditor is unmodified (2) The Company has only one reportable primary segment , viz. 'Bearings and allied goods & seNic es'. Accordingly , no separate segment disclosures is required under "Ind AS-108 - Operating Segments" . (3) The Statement has been prepared in accordance with the Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with relevant Rules issued thereunder ('IND AS') and other accounting principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India ("SEBI"). (4) During the quarter ended September 30, 2026, the Company has paid final dividend of Rs. 2.50/- per equity share to all eligible shareholders as recommended by the Board of Directors at its meeting held on May 18, 2026 and approved by the shareholders at 39th Annual General Meeting held on August 18, 2026 (5) The Statement of Assets and Liabilities as at September 30, 2026 is given as Annexure-A and Statement of Cash Flows for the half year ended September 30, 2026 is given as Annexure-B . (6) The Board of Directors of the Company at it's meeting held on May 18, 2026 approved a draft Scheme of Amalgamation amongst Timken GGB Technology Private Limited with the Company and their respective shareholders and creditors ("the Scheme") with effect from the appointed date of April 01 , 2026 pursuant to the provisions of Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 ("the Act") and the Rules made thereunder . The Company has filed petition before National Company Law Tribunal, Bengaluru Bench seeking its approval for the Scheme in the month of July 2026, which is pending for approval as on the date October 29, 2026 Bangalore ~:~~uµ Chairma:~ 3ging Director DIN: 05159352
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TIMKEN INDIA LIMITED Regd. Office: 39-42, Electronic City Phase 11, Hosur Road, Bangalore - 560 100 Tel: +9180 4136 2000 Fax: +91804136 2010 CIN: L29130KA1996PLC048230 Website: www.timken.com/en-in. STANDALONE STATEMENT OF ASSETS & LIABILITIES AS AT SEPTEMBER 30, 2026 I Annexure -A (f in Million except as otherwise stated) ASSETS Non-current assets (a) Property , plant and equipment (b) Right-of-use assets (c) Capital work-in -prog ress (d) Investment property (e) Goodwill (f) Other intangible assets (g) Financial assets (i) Investments (ii) Loans (iii) Other financial assets (h) Non-current tax assets (net) (i) Other non-current assets Total non-current assets 2 Current assets (a) Inventories (b) Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Other bank balances (v) Loans (vi) Other financial assets (c) Other current assets Total current assets Total assets EQUITY AND LIABILITIES Equity (a) Equity share capital (b) Other Equity Particulars Equity attributable to owners of the Company Liabilities 1 Non-current liabilities (a) Financial liabilities (i) Lease liabilities (ii) Other financial liabilities (b) Provisions (c) Deferred tax liabilities (net) (d) Other non-current liabilities Total non-current liabilities 2 Current liabilities (a) Financial liabilities (i) Lease liabilities (ii) Trade payables Total outstanding dues of micro enterprises and small enterprises Total outstanding dues of creditors other than micro enterprises and small enterprises (iii) Other financial liabilities (b) Other current liabilities (c) Provisions (d) Current tax liabilities (net) Total current liabilities Total liabilities Total Equity and Liabilities As at As at September 30, 2026 March 31, 2026 (Unaudited) (Audited) 11 ,183.10 11 ,111 .05 1,062.66 1,083.15 1,920.05 1,007.22 93.17 94.18 1,813.11 1,813.11 338.64 355.88 1,295 .39 1,295.39 0.41 0.47 304 08 251 .29 158.08 124.52 59.91 462.36 18,228.60 17,598.62 8,235 .82 7,783 .35 2,003 .39 507.24 7,300 .89 7,977.21 1,896.38 2,174.70 225.89 69.65 0.75 0.88 271 .71 247 .26 1,433.25 1,155.33 21,368.08 19,915.62 39,596 .68 37,514.24 752 .19 752.19 31 ,090.07 28,982.85 31,842.26 29,735.04 104.54 117.23 2.40 2.40 122.95 106.17 437 09 362.92 336.45 298.77 1,003.43 887.49 30.63 28.39 782 .92 894.19 5,132.49 5,140.76 396.78 383.38 109.54 204 .27 159.00 13343 139.63 107.29 6,750.99 6,891.71 7,754.42 7,779.20
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TIMKEN INDIA LIMITED Regd. Office: 39-42, Electronic City Phase 11, Hosur Road, Bangalore - 560 100 TI KE Tel : +91804136 2000 Fax: +91 80 4136 2010 Cl N : L29130KA 1996PLC048230 Website: www.timken.com/en-in. Annexure - B STANDALONE STATEMENT OF CASH FLOWS (fin Million except as otherwise stated) Year to date figures for the period ended Particulars September 30, 2026 September 30, 2025 (Unaudited) (Unaudited) A. Cash Flow from Operating Activities : Profit for the period 2,311.94 1,936.90 Adjustments for : Income tax expenses 753.88 573.90 Depreciation and amortisation expenses 602.33 473.94 Interest income (54.10) (113.21) Finance costs 17.46 19.39 Dividend Income on current investments- Non trade (50.44) (36.60) (Profit)/Loss on disposal of Property , Plant & Equipment (Net) (2.07) 1.32 Deferred government grant income (11.97) (5.52) Unrealised foreign exchange loss / (gain) (29.27) 11.31 1,225.82 924.53 Operating profit before working capital changes 3,537.76 2,861.43 Changes in working capital Trade receivables 614.74 801 .24 Loans, other financial assets and other assets (358.45) (292.73) Inventories (452.47) (671.43) Trade payables (35 64) 394.94 Other financial liabilities, other liabilities & provisions 58.1 6 (10256) (17366) 129.46 Cash generated from Operations 3,364.10 2,990.89 Direct taxes paid (net of refund) (760.72) (640 72) Net Cash generated from Operating Activities (A) 2,603.38 2,350.17 B. Cash Flow from Investing Activities : Purchase of Property, plant & equipment including capital work in progress and capital advances (1,13581) (1,405.09) Proceeds from disposal of Property, plant & equipment 14.04 0.49 Dividend received 50.44 36.60 Interest received 54.10 113.21 Investment in term deposit (150 00) Net Cash used in Investing Activities (B) (1 ,167.23) (1,254.79) C. Cash Flow from Financing Activities : Interest paid (17.46) (19.39) Repayment of lease liabilities (19 76) (20.62) Dividend paid (188.05) (2,707.87) Net Cash used in Financing Activities (C) (225.27) (2,747.88) Net increase I (decrease) in Cash and cash equivalents (A) +(B) +(C) 1,210.88 (1 ,652.50) Cash and cash equivalents - Opening Balance 2,681.94 5,114.49 Effect of exchange differences on restatement of foreign currency cash & cash equivalents 6.95 9.76 Cash and cash equivalents - Closing Balance 3,899.77 3,471.75 Reconciliation of Cash and cash equivalents with the Balance Sheet : As at As at Particulars September 30, September 30, 2026 2025 Cash and cash equivalents as per Balance Sheet comprises : Balance with banks 1,896.38 2,268.11 Short term Investments 2,003.39 1,203.64 Cash and cash equivalents 3,899.77 3,471.75
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Deloitte Haskins & Sells LLP Chartered Accountants Prestige Trade Tower, Level 19 46, Palace Road, High Grounds Bengaluru - 560 001 Karnataka, India Tel: +91 80 6188 6000 Fax : +91 80 6188 6011 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF TIMKEN INDIA LIMITED 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of TIMKEN INDIA LIMITED ("the Company"), for the quarter and six months ended September 30, 2026 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the LODR Regulations"). 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143( 10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the LODR Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Place: Bengaluru Date: October 29, 2026 For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) A ~0--D~ga ~~~er) (Membership No. 512486) (UDIN: 26512486TIZCZG8421) Regd . Office : One In ternationa l Center , Tower 3, 31st Floor , Senapati Bapat Marg, Elphin stone Road (West) , Mumbai-400 013 , Maharashtra , India . Deloitte Haskins & Sells LLP is registered with Limited Liab ility having LLP identif icat ion No : AAB-8737
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TIMKEN INDIA LIMITED Regd. Office: 39-42, Electronic City Phase II, Hosur Road, Bangalore - 560 100 TIM N Tel : +91804136 2000 Fax: +91 80 4136 2010 CIN : L29130KA 1996PLC048230 Website: www .timken .com/en-in. STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2026 (fin Million except as otherwise stated) SI. Particulars Three months ended Six months ended Financial Year No ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Income (a) Revenue from operations 9,860.40 9,433.20 7,863.54 19,293.60 16,085.33 34,780.29 (b) Other Income 85.64 107.33 108.81 19~_97 220.92 300.61 Total Income 9,946.04 9,540.53 7,972.35 19,486.57 16,306.25 35,080.90 2 Expenses (a) Cost of materials consumed 2,661 .58 3,590.73 2,526.41 6,252.31 5,194.90 10,356.31 (b) Purchases of Stock-in-Trade 3,171 .16 2,965.99 2,687 .99 6,137.15 4,944.92 11 ,256.83 (c) Changes in inventories of finished goods , Stock-in-Trade 20804 (897.28) (487.73) (689.24) (402.46) (341 .65) and work-in-progress (d) Employee benefits expenses 509.25 498.53 441.44 1,007.78 882.91 1,865.05 (e) Finance costs 9.87 7.59 8.20 17.46 19.76 37.36 (f) Depreciation & amortization expenses 289.20 313.51 266.74 602.71 475.60 1,060.46 (g) Other expenses 1,468.21 1,499.01 1,266.60 2,967.22 2,567.02 5,320.23 Total Expenses 8,317.31 7,978.08 6,709.65 16,295.39 13,682.65 29,554.59 3 Profit before tax (1-2) 1,628.7.3 1,562.45 1,262.70 3,191.18 2,623.60 5,526.31 4 Tax Expenses - Current tax (includes reversal relating to earlier years) 396.37 314.60 293.73 710.97 511 .37 1,224.22 - Deferred tax 23.41 51 .26 32.98 74.67 91 .99 153.24 Total tax expenses 419.78 365.86 326.71 785.64 603.36 1,377.46 5 Net Profit after tax (3-4) 1,208 .95 1,196.59 935.99 2,405.54 2,020.24 4,148.85 • 6 Other comprehensive income Items not to be reclassified to profit or loss : (i) Re-measurement gains/ (losses) on defined benefit plans 12.93 (35.10) 10.61 (22 17) 1.13 14.88 (ii) Income tax effect on above (3.25) 8.83 (2.67) 5.58 (029) (3 75) Total other comprehensive income I (loss) 9.68 (26.27) 7.94 (16.59) 0.84 11.13 7 Total comprehensive income (5+6) 1,218.63 1,170.32 943.93 2,388.95 2,021.08 4,159.98 8 Paid-up equity share capital - (of Rs 10/- each) 752.19 752.19 752.1 9 752.19 752.19 752.19 9 Other Equity 28,393.56 10 Earnings per Share (of Rs.10/- each) (Basic & Diluted) Rs 16.07 15.91 12.44 31 .98 26.86 55.16 Not annualised Not annualised Not annualised Not annualised Not annualised Annualised Notes: (1) The statement of unaudited consolidated financial results("the Statement") of Timken India Limited ("the Company") and its subsidiary (together referred to as "the Group") for the quarter and six months ended September 30, 2026 has been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on October 29, 2026.The Statement has been subjected to limited review by Deloitte Haskins & Sells LLP, the statutory auditor of the Company , the report of the statutory auditor is unmodified (2) The Group has only one reportable primary segment, viz. 'Bearings and allied goods & services' . Accordingly , no separate segment disclosures is required under "Ind AS-108 - Operating Segments" (3) The Statement has been prepared in accordance with the Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with relevant Rules issued thereunder ('IND AS') and other accounting principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India ("SEBI") (4) During the quarter ended September 30, 2026, the Group has paid final dividend of Rs. 2.50/- per equity share to all eligible shareholders as recommended by the Board of Directors at its meeting held on May 18, 2026 and approved :, by the shareholders at 39th Annual General Meeting held on August 18, 2026. (5) The Consolidated S.tatemenf of Assets and Liabilities as at September 30, 2026 is given as Annexure-A and Consolidated Statement of Cash Flows for the half year ended September 30, 2026 is given as Annexure-B (6) Timken India Limited acquired 100% equity shares of Timken GGB Technology Private Limited ("GGB") from Timken Europe B.V., Netherlands and The Timken Company , USA through execution of a Share Purchase Agreement dated November 21 , 2025 for a consideration of ~ 1,288 Million. The total consideration was paid on December 01 , 2025. Consequently , GGB has become a wholly owned subsidiary of Timken India Limited The transaction being a "Common control business combination" as defined under Ind AS 103 - Business Combinations , accounting has been carried out from the first day of the preceding period i.e April 1, 2024 and under the pooling of interest method, as prescribed Appendix C of Ind AS 103. Accordingly , assets , liabilities , income and expenses of GGB have been accounted in the consolidated books of account at their carrying amounts The comparative consolidated financial results for the quarter and six months ended September 30, 2025 are presented solely based on the information compiled by the management and have not been reviewed by the statutory auditor except to the extent it relates to the Parent and adjustments made to the financial information of the Subsidiary to comply with Indian Accounting Standards (7) The Board of Directors of the Company at it's meeting held on May 18, 2026 approved a draft Scheme of Amalgamation amongst Timken GGB Technology Private Limited with the Company and their respective shareholders and creditors ("the Scheme") with effect from the appointed date of April 01 , 2026 pursuant to the provisions of Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 ("the Act") and the Rules made thereunder. The Company has filed petition before National Company Law Tribunal , Bengaluru Bench seeking its approval for the Scheme in the month of July 2026, which is pending for approval as on the date By the order of Board \)JJ for Timken India Limited '{--~<:,\\INS<f ~ \t,\DfAl,1, \N'-~ t ~ ~ § A~~~~~~ 0 ~ 39-42 ~ ~ ~ ~ ,-; ::l'3~~ronic City c:,) s jay Koul October 29, 2026 *tlfNG· Al U'?-..;:,• Chair Ma aging Director Bangalore * !-'nase-11 * DIN: 05159352 -- --- . t r-i... ~1'~~-5:)~ ~~LORE .. ~x,
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TIMKEN INDIA LIMITED Regd. Office : 39-42, Electronic City Phase II, Hosur Road, Bangalore - 560 100 Tel : +91 80 4136 2000 Fax : +91 80 4136 2010 Tll~[l[E CIN : L29130KA1996PLC048230 Website : www.timken.com/en-in. Annexure -A CONSOLIDATED STATEMENT OF ASSETS & LIABILITIES AS AT SEPTEMBER 30, 2026 ASSETS 1 Non-current assets (a) Property, plant and equipment (b) Right-of-use assets (c) Capital work- in-prog ress (d) I nvestment propert y (e) Goodw ill (f) Other intangible assets (g) Financial assets (i) Investments (ii) Loans (iii) Other financ ial assets (h) Non-cur rent tax assets (net) (i) Deferred tax assets (net) U) Other non-curre nt assets Total non-cur rent assets 2 Current assets (a) Inventor ies (b) Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Other bank balances (v) Loans (vi) Other financial assets (c) Other current assets Total current assets Total assets EQUITY AND LIABILITIES Equity (a) Equity share capital (b) Other Equity Particulars Equity attributable to owners of the Company Liabilities 1 Non-current liabilities (a) Financial liabilities (i) Lease liabilities (ii) Other financial liabilities (b) Provisions (c) Deferred tax liabilities (net) (d) Other non-current liabilities Total non-current liabilities 2 Current liabilities (a) Financial liabilities (i) Lease liabilities (ii) Trade payables Total outstanding dues of micro enterprises and small enterprises Total outstanding dues of creditors other than micro ente rprises and small enterpr ises (iii) Other financial liabilities (b) Other curren t liabilities (c) Prov isions (d) Current tax liabilities (net) Total current liabilities Total liabilities Total Equity and Liabilities (f in Million except as otherwise stated) As at As at September 30, 2026 March 31 , 2026 (Unaudited) (Audited) 11,187.79 11 ,115 03 1,062.66 1,083.15 1,920.05 1,007.22 93.17 94.18 1,813.11 1,813.11 338.64 355.88 7.30 7.30 0.41 0.47 304.15 264.66 158 08 128.84 8.76 9.25 59.91 462.36 16,954.03 16,341.45 8,372.03 7,882.63 2,003.39 507.24 7,441 .00 8,112.61 2,503.44 2,684 .71 225.89 69.65 0.75 0.88 271 .87 24742 1,435.55 1,156.75 22,253.92 20,661.89 39,207.95 37,003.34 752.19 752.19 30,595.30 28,393.56 31 ,347.49 29,145.75 104.54 117.23 2.40 2.40 127.55 109.99 437 09 362.92 336.45 298.77 1,008.03 891.31 30.63 28.39 782.92 896 06 5,199.74 5,20841 396.78 383.38 117.24 208.72 159.48 134.03 165.64 107.29 6,852.43 6,966.28 7,860.46 7,857.59 39,207.95 37,003.34
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TIMKEN INDIA LIMITED IMK14J\I Regd. Office: 39-42, Electronic City Phase II, Hosur Road, Bangalore - 560 100 Tel: +91804136 2000 Fax : +91 80 4136 2010 - -CIN: L29130KA1996PLC048230 Website: www.timken.com/en-in. Annexure - B CONSOLIDATED STATEMENT OF CASH FLOWS (f in Million except as otherwise stated) Year to date figures for the period ended Particulars September 30, 2026 September 30, 2025 (Unaudited) (Unaudited) A. Cash Flow from Operating Activities : Profit for the period 2,405.54 2,020.24 Adjustments for : Income tax expenses 785.64 603.36 Depreciation and amortisation expenses 602.71 475.60 Interest income (64.48) (122.20) Finance costs 1746 19.76 Dividend Income on current investments- Non trade (50.44) (36.60) (Profit)/Loss on disposal of Property, Plant & Equipment (Net) (2.07) 1.32 Deferred government grant income (11 .97) (5.52) Unrealised foreign exchange loss/ (gain) (27.24) 14.54 1,249.61 950.26 Operating profit before working capital changes 3,655.15 2,970.50 Changes in working capital Trade receivables 609.87 800.64 Loans, other financial assets and other assets (346 03) (287.00) Inventories (489.40) (668.27) Trade payables (38.96) 432.28 Other financial liabilities, other liabilities & provisions 62.07 (167.03) (202.45) 110.62 Cash generated from Operations 3,452.70 3,081.12 Direct taxes paid (net of refund) (761 .55) (677.07) Net Cash generated from Operating Activities (A) 2,691.15 2,404.05 B. Cash Flow from Investing Activities : Purchase of Property, Plant & Equipment including capital work in progress and capital advances (1 ,136.91) (1,405.21) Proceeds from disposal of property, plant & equipment 14.04 0.49 Dividend received 50.44 36.60 Interest received 64.48 122.20 Investment in term deposit (150.00) Net Cash used in Investing Activities (8) (1,157.95) (1,245.92) C. Cash Flow from Financing Activities : Interest paid (17.46) (19 76) Repayment of lease liabilities (19 76) (21 71) Dividend paid (18805) (2,707.87) Net Cash used in Financing Activities (C) (225.27) (2,749.34) Net increase/ (decrease) in Cash and cash equivalents (A) +(B) +(C) 1,307.93 (1,591.21) Cash and cash equivalents - Opening Balance 3,191.95 5,527.73 Effect of exchange differences on restatement of foreign currency cash & cash equivalents 6.95 9.76 Cash and cash equivalents - Closing Balance 4,506.83 3,946.28 Reconciliation of Cash and cash equivalents with the Balance Sheet : As at As at Particulars September 30, September 30, 2026 2025 Cash and cash equivalents as per Balance Sheet comprises : Balance with banks 2,503.44 2,742.64 Short term Investments 2,003.39 1,203.64 Cash and cash equivalents 4,506.83 3,946.28
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Deloitte Haskins & Sells LLP Chartered Accountants Prestige Trade Tower, Level 19 46 , Palace Road, High Grounds Bengaluru - 560 001 Karnataka , India Tel : +91 80 6188 6000 Fa x : +91 80 618 8 6011 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF TIMKEN INDIA LIMITED 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of TIMKEN INDIA LIMITED ("the Parent") and its subsidiary (the Parent and its subsidiary together referred to as "the Group"), for the quarter and six months ended September 30, 2026 ("the Statement"), being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the LODR Regulations"). 2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescr ibed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143( 10) of the Companies Act, 2013 and consequently does not enable us to obta fn assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. The Statement includes the results of the following entities: SI. No. Name of the entities 1 Timken India Limited, the Parent 2 Timken GGB Technology India Private Limited, wholly owned subsidiary 5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the LODR Regulations, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. Regd . Office : One I nternat iona l Center, Tower 3, 31 st Floor, Senapa ti Bapat Marg , Elphinstone Road (West), Mumba i- 400 013, Mahara shtra , Ind ia. Delo itte Haskin s & Sells LLP is regi stered w ith Limi ted Liabilit y havi ng LLP ident ification No : AAB-87 37
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Deloitte Haskins & Sells LLP Other Matters As stated in Note 6 of the Statement, financial information relating to the corresponding quarter and six months ended September 30, 2025, as reported in the accompanying Statement have been approved by the Parent's Board of Directors, but have not been subjected to audit/ review by us except it related to Parent financial information and adjustments made to the financial information of the Subsidiary to comply with Indian Accounting Standards. Place: Bengaluru Date: October 29, 2026 For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W /W-100 s An~ :a· ~er) (Membership No. 512486) (UDIN: 26512486BTRIUN2262)