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Menon Bearings reports Profit after tax of Rs 64.45 Mln, in the March 2021 quarter

14 May 2021 Evaluate
The turnover zoomed to Rs. 465.22 millions, up 53.54% for the March 2021 quarter as against Rs. 302.99 millions during the year-ago period.Profit for the quarter ended March 2021 rises by 95.18% to Rs. 64.45  millions from Rs. 33.02 millions.Operating profit for the quarter ended March 2021 rose to 111.20 millions as compared to 75.90 millions of corresponding quarter ended March 2020.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202103 202003 % Var 202103 202003 % Var 202103 202003 % Var
Sales 465.22 302.99 53.54 1478.67 1360.93 8.65 1478.67 1360.93 8.65
Other Income 10.27 17.22 -40.36 30.34 42.62 -28.81 30.34 42.62 -28.81
PBIDT 111.20 75.90 46.51 359.26 310.51 15.70 359.26 310.51 15.70
Interest 8.14 10.73 -24.14 35.71 45.67 -21.81 35.71 45.67 -21.81
PBDT 103.06 65.17 58.14 323.55 264.84 22.17 323.55 264.84 22.17
Depreciation 19.79 19.14 3.40 74.84 68.78 8.81 74.84 68.78 8.81
PBT 83.27 46.03 80.90 248.71 196.06 26.85 248.71 196.06 26.85
TAX 18.82 13.01 44.66 60.72 52.08 16.59 60.72 52.08 16.59
Deferred Tax 4.22 1.85 128.11 4.22 1.85 128.11 4.22 1.85 128.11
PAT 64.45 33.02 95.18 187.99 143.98 30.57 187.99 143.98 30.57
Equity 56.04 56.04 0.00 56.04 56.04 0.00 56.04 56.04 0.00
PBIDTM(%) 23.90 25.05 -4.58 24.30 22.82 6.49 24.30 22.82 6.49
Peers
Company Name CMP
Schaeffler India 4005.30
Timken India 3205.30
SKF India 1538.30
NRB Bearings 534.75
Menon Bearings 295.50
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