X

Menon Bearings Ltd Q1FY24; 16% fall in Profits

Menon Bearings is engaged in the business of Bearings, Bushes and Thrust Washers, Aluminium Die Casting Components having applications in Heavy & Light commercial vehicles, Tractors, Construction equipment, Material handling, Stationery, Diesel, Gasoline and CNG engines.

Financial Results:

Menon Bearings Ltd reported Revenues for Q1FY24 of ₹54.55 Crores down from ₹62.00 Crore year on year, a fall of 12.02%.

Total Expenses for Q1FY24 of ₹45.35 Crores down from ₹51.29 Crores year on year, a fall of 11.58%.

Consolidated Net Profit of ₹7.33 Crores down 16.42% from ₹8.77 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.31, down 16.03% from ₹1.56 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: bearings
Related Post