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Menon Bearings - Quaterly Results

28 Apr 2023 Evaluate
With no major difference for the quarter endedMarch 2023 , the total revenue stood at Rs. 538.69  millions.A comparatively good net profit growth of 35.41% to Rs. 91.81 millions was reported for the quarter ended March 2023 compared to Rs. 67.80 millions of previous same quarter.Operating Profit saw a handsome growth to 139.24 millions from 115.02 millions in the quarter ended March 2023.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 538.69 516.06 4.39 2169.40 1953.96 11.03 2169.40 1953.96 11.03
Other Income 2.00 5.28 -62.12 29.23 26.08 12.08 29.23 26.08 12.08
PBIDT 139.24 115.02 21.06 534.53 426.89 25.21 534.53 426.89 25.21
Interest 6.76 4.51 49.89 29.11 25.91 12.35 29.11 25.91 12.35
PBDT 132.48 110.51 19.88 505.42 400.98 26.05 505.42 400.98 26.05
Depreciation 18.97 19.98 -5.06 79.16 77.46 2.19 79.16 77.46 2.19
PBT 113.51 90.53 25.38 426.26 323.52 31.76 426.26 323.52 31.76
TAX 21.70 22.73 -4.53 99.06 78.18 26.71 99.06 78.18 26.71
Deferred Tax -5.94 -0.32 1756.25 -5.94 -0.32 1756.25 -5.94 -0.32 1756.25
PAT 91.81 67.80 35.41 327.20 245.34 33.37 327.20 245.34 33.37
Equity 56.04 56.04 0.00 56.04 56.04 0.00 56.04 56.04 0.00
PBIDTM(%) 25.85 22.29 15.97 24.64 21.85 12.78 24.64 21.85 12.78
Peers
Company Name CMP
Schaeffler India 3672.15
Timken India 2890.80
SKF India 1449.40
NRB Bearings 490.65
Menon Bearings 282.45
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