Analysts/Institutional Investor Meet/Con. Call Updates

Mandar Vasmatkar Company Secretary & Chief - Compliance mandar.vasmatkar@timken.com 3 November, 2026 The National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G-Block, Bandra- Kurla Complex, Bandra (E), Mumbai- 400051. NSE Symbol - TIMKEN BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai- 400 001. Scrip Code- 522113 Dear Sir/Madam, Sub: Transcript of Post Results Conference Call Q2 FY 2026-27 Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we attach herewith transcript of Post Results Conference Call Q2 FY 2026-27 held on Friday, 30 October, 2026. A copy of the same is available on the website of the Company at below link: https://www.timken.com/en-in/investors/statutory-compliances/ Thanking you, Yours faithfully, For TIMKEN INDIA LIMITED Mandar Vasmatkar Company Secretary & Chief - Compliance 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 “Timken India Limited Q2 FY27 Earnings Conference Call” October 30, 2026 MANAGEMENT: MR. SANJAY KOUL – CHAIRMAN AND MANAGING DIRECTOR – TIMKEN INDIA LIMITED MR. SUJIT KUMAR PATTANAIK – CHIEF FINANCIAL OFFICER – TIMKEN INDIA LIMITED MODERATOR: MR. KRUPASHANKAR – AVENDUS SPARK Page 1 of 10 Timken India Limited October 30, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Timken India Q2 FY27 Earnings Conference Call hosted by Avendus. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Krupashankar. Thank you, and over to you, sir. Krupashankar: Good evening. I appreciate everyone joining in for the 2Q FY27 Conference Call of Timken India Limited. We have with us Mr. Sanjay Koul, Chairman and Managing Director; and Mr. Sujit Kumar Pattanaik, the CFO of the company. I'll now hand over the call to them, and over to you, sir, for opening remarks. Sanjay Koul: Thank you so much. Thank you very much, Krupaji. So formally, good afternoon, and thanks a lot for joining this conference call today. I formally welcome you to the Timken India Investor call to discuss the financial results for the second quarter and also half year ended September 30, 2026. So when we entered the FY27, it was on a positive note, as you know, and I am pleased to report that the momentum has continued into the second quarter as well. During Q2, we delivered, I think, a strong double-digit revenue growth accompanied by a nice little growth in profitability. The performance reflects continued demand across all the key end markets and a little bit delay in the rail, the contribution from our expanded capacity and the disciplined execution across both domestic and export businesses. Update on this Q2 FY26 - 27 standalone. Revenue from operations stood at INR 969 crores, representing a growth of 25.4% over the corresponding quarter last year. So quarter compared to the last year was 25%. Revenue also grew almost 4.3% over Q1 '27. PBT for the quarter stood at INR 156 crores compared to INR 120 crores in Q2 '26, representing a growth of almost 29.5%. PBT margin for the quarter stood at 16.1% compared with 15.6% in the corresponding quarter last year. So that is a 50 basis point improvement. Net profit after tax for the quarter stood at INR 116 crores compared with INR 89 crores in Q2, representing a nice growth of 29.7%. EBITDA margin for the quarter is at approximately 19.2%. So I think improvement in profitability is encouraging for the company. And obviously, there are cost pressures that is in the background. We have new vessels. So depreciation is there. Cost of fuel has gone up. Gas has gone up. And against that, this is pretty encouraging. So quickly on the half year performance. For the first half of FY27 stand-alone, revenue from operations stood at INR 18,984 million an increase of almost 20% year-on-profit. Profit before tax was almost INR 306 crores, while profit after tax at INR 231 crores, so an increase of 19%. Quickly on the consolidated numbers, the quarter stood at INR986 crores compared to INR 786 crores in Q2 FY26. PBT was INR 162 crores while profit after tax was INR 120 crores, an approximately increase of 29% Y-o-Y. For the first half of FY27, the consolidated revenues are INR 1,929 crores, while consolidated net profit after tax stood at INR 240 crores. Page 2 of 10 Timken India Limited October 30, 2026 So overall, new Bharuch facility continues to progress through its ramp-up phase with the lines capitalized, we are focused on improving utilization. I'm sure that would be a question, but we are progressing on that. We are increasing the utilization. Our investment towards rail expansion at Jamshedpur and plain bearing at Bharuch, they are on target. So very soon, we should be able to commission and start the PPAPs and things like that. Also, the amalgamation of Timken GGB Technology Private Limited with Timken India Limited is progressing smoothly. So that regulatory process is on. So the proposed integration is aimed at driving obviously, synergies, efficiencies and simplifying the overall structure. On the cost side, cost is going up. So that is a focus area. So we are working on cost reduction, etcetera. So as you know, that cost is going to be a challenge in coming months and years also. The external environment remains mixed. Global industry activity continues to be influenced by geopolitics. So that is a challenge, as we all know, trade-related uncertainties are very much there and supply chain alignments are happening with every passing week. So we are connected to our customers. At the same time, demand from our key customer segment is okay. We continue to monitor development. So I would say that domestically, we should be pretty much okay as the demand looks to very solid. Execution remains the key. So I would say that overall, it is a fairly nice picture as we walk into the next quarter as well. With that, I would throw the line open for questions, please. Moderator: Thank you very much. we will now begin with the question-and-answer session. The first question is from the line of Raghunandhan NL from Nuvama Research Private Limited.Please go ahead. Raghunandhan NL: Thank you sir for the opportunity. Congratulations on the strong all-round performance. Sir, can you please share the segment-wise revenue for Q2, which you generally do? Sanjay Koul: Yes, sure, why not. So yes, so on the front-end wise unit, Q2 FY27, rail was at INR156.7 crores. So that was 16% of the pie. Mobile others was INR204 crores. That was 21% of the pie. Distribution remained at INR148.8 crores, which was 15% of the pie. Process stood at INR190.9 crores, which was 20% of the pie and exports was at INR262.7 crores, which was 27%. And then we have some export incentives. So that is how the Q2 INR969.3 crores spread out. Raghunandhan NL: Noted, sir. Thank you so much for that. And with regards to Bharuch plant, can you indicate how was the revenue utilization for Q2? How do you see the ramp-up going ahead? Have we reached 70% as of now, which was earlier target for September? Sanjay Koul: Yes. So the work is in full bloom and the capacity utilization is not yet at 70% but the certification, MOCs, because they were served from different plants. So MOCs are dependent on the sales side, which is the customer side, we are roughly at -- Sujit, currently at what? Sujit Kumar Pattanaik: Yes. So overall plant, if we look at it, we are anywhere close to, I would say, 60%... Sanjay Koul.: 60% Page 3 of 10 Timken India Limited October 30 [Showing first 8,000 characters — download PDF for full document]