Timken India lost 2.67% to Rs 158.75 at 9:22 IST on BSE after net profit fell 48.7% to Rs 4.57 crore on 0.6% decline in net sales to Rs 172.26 crore in Q3 December 2013 over Q3 December 2012.
The Q3 result was announced after market hours on Wednesday, 5 February 2014.
Meanwhile, the S&P BSE Sensex was up 73.34 points or 0.36% at 20,334.37
On BSE, so far 4,795 shares were traded in the counter as against average daily volume of 35,000 shares in the past two weeks.
The stock hit a high of Rs 159 and a low of Rs 157.20 so far during the day.
US-based Timken Company, a major manufacturer and supplier of bearings, alloy steel, power transmission components holds 75% in Timken India (as per the shareholding pattern as on 31 December 2013).
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