TIMKEN

- Timken India Limited received an Order-in-Appeal from the Commissioner (Appeals), CGST & Central Excise, upholding an earlier order that rejected the company's appeal regarding short payment of GST on royalty payments. - The dispute involves an additional GST demand of ₹8,19,15,057/- along with applicable interest and penalty for the period from 1st July 2017 to October 2021, due to a classification difference under RCM. - The company stated that the order is not sustainable and it plans to take necessary steps to file an appeal before the appropriate authority; no immediate financial or monetary impact is anticipated.

Management Guidance & Outlook - Momentum from Q1 has continued into Q2 with strong double-digit revenue growth and improvement in profitability. - Domestic demand remains robust driven by infrastructure and strong GDP growth, while export momentum is expected to remain healthy, especially with North American markets. - Cost pressures (steel, carbides, fuel, gas, and labor) are expected to persist, and the company intends to pass on these increases to customers. Current Scenario & Operations - Standalone Revenue from Operations for Q2 FY27 stood at INR 969.3 crores (up 25.4% YoY), with PBT at INR 156 crores (up 29.5% YoY) and PAT at INR 116 crores (up 29.7% YoY). - Segment revenue breakdown: Exports at 27%, Mobile others at 21%, Process at 20%, Rail at 16%, and Distribution at 15%. - Consolidated Q2 revenue stood at INR 986 crores and PAT at INR 120 crores. - Bharuch plant revenue reached approximately INR 75 crores, with SRB lines at 70% utilization and CRB lines below 60% (overall ~60%). Capex & Growth Drivers - Rail expansion at Jamshedpur and plain bearing (GGB) investments at Bharuch are on target, with trial runs and PPAPs scheduled for upcoming months. - Amalgamation of Timken GGB Technology Private Limited with Timken India Limited is progressing smoothly to drive synergies. - Gearbox applications in the wind sector and localization of products at Bharuch are key growth drivers moving forward.

- Timken India Limited has received two Bureau of Indian Standards (BIS) licenses for its bearings. - Received SRB Roller production licenses at its new Bharuch plant. - Received Cylindrical Roller Bearing production licenses at its old Bharuch plant. - Enhances customer confidence, supply assurance, and tender readiness across regulated sectors.

Concall Schedule Concall Date: 30 October, 2026 Audio recording link for the Q2 FY 2026-27 post results conference call has been made available on the company website.

Q2 FY27 Consolidated Revenue ₹986.04Cr vs ₹786.35Cr (▲25.4% YoY) EBITDA ₹184.22Cr vs ₹142.88Cr (▲28.9% YoY) PAT ₹120.90Cr vs ₹93.60Cr (▲29.2% YoY) EBITDA Margin 18.7% vs 18.2% (▲51bps)

Concall Schedule Concall Date: Friday, 30 October, 2026 Concall Time: 4:00 PM (IST)

- Mr. Pramesh Maheshwari has joined the Company as President - India and Southeast Asia. - Mr. Anubhav Khajuria has been promoted as General Manager – HR. - Both individuals have been appointed as Senior Management Personnel effective October 12, 2026.

- Trading window will be closed from October 1, 2026. - Closure remains effective until 48 hours after the declaration of financial results for the quarter and half year ending September 30, 2026. - Board meeting date for approving results will be intimated in due course.

- Management is pleased with Q1 FY27 performance, noting high double-digit revenue growth year-on-year. - The company expects sustained growth driven by resilient demand in core segments and strong execution in both export and domestic markets. - The new Bharuch plant is ramping up quickly, producing high-quality products, contributing approximately ₹50 Cr in Q1 FY27 and expected to reach 70% utilization for SRB lines by Q2/Q3 end. - Investments for rail expansion at Jamshedpur and plain bearings are on track, with commercial production for rail expected by calendar year-end. - Strong growth in the Process segment (~30% YoY) and Exports (~21% YoY) is expected to continue, especially from the American market. - Cost pressures from steel prices are largely being passed on to customers, particularly in heavy truck and tractor segments, contributing to a 100 bps YoY gross margin expansion. - FY27 Capex is guided at 8-10% of sales, focused on rail and plain bearings projects. - The amalgamation of Timken GGB Technology Private Limited with Timken India Limited has been approved to drive synergies and efficiencies.

- Audio recording of the Post Results Conference Call for Q1 FY 2026-27 is now available. - The conference call was held on Wednesday, August 5, 2026. - The recording can be accessed on the company's website: https://www.timken.com/en-in/investors/statutory-compliances/.

- Consolidated Revenue ₹9,433.20Mn vs ₹8,221.79Mn (▲14.73% YoY) - EBITDA ₹1,776.22Mn vs ₹1,469.21Mn (▲20.90% YoY) - PAT ₹1,196.59Mn vs ₹1,084.25Mn (▲10.36% YoY) - EBITDA Margin 18.83% vs 17.87% (▲96bps) - Three Senior Management Persons (Mr. Vijay Pratap Singh, Mr. Gajanan Bidkar, Mr. Tarun Beniwal) ceased to be part of the management due to organizational restructuring.

- Consolidated Revenue ₹943.32 Cr vs ₹822.18 Cr (▲14.73% YoY) - EBITDA ₹177.62 Cr vs ₹146.92 Cr (▲20.89% YoY) - PAT ₹119.66 Cr vs ₹108.43 Cr (▲10.36% YoY) - EBITDA Margin 18.83% vs 17.87% (▲96bps) - Three Senior Management Persons (Mr. Vijay Pratap Singh, Mr. Gajanan Bidkar, Mr. Tarun Beniwal) ceased their roles due to organizational restructuring but remain employed by the Company.