Menon Bearings has reported results for the fourth quarter and year ended March 31, 2017.
The company has reported a rise of 36.56% in its net profit at Rs 5.79 crore for the quarter ended March 31, 2017 as compared to Rs 4.24 crore for the same quarter in the previous year. Total income of the company increased by 7.77% at Rs 31.76 crore for quarter under review as compared to Rs 29.47 crore for the quarter ended March 31, 2016.
For the year ended March 31, 2017, the company has posted a rise of 29.21% in its net profit at Rs 19.24 crore as compared to Rs 14.89 crore in FY16. Total income of company increased by 10.79% at Rs 122.92 crore for year under review as compared to Rs 110.95 crore for the year ended March 31, 2016.
