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Menon Bearings - Quaterly Results

15 Jul 2023 Evaluate
The sales slipped to Rs. 545.53 millions for the June 2023 quarter as against Rs. 619.97 millions during the year-ago period.The Company's Net profit for the June 2023 quarter have declined marginally to Rs. 73.32  millions as against Rs. 87.71 millions reported during the corresponding quarter ended.Operating profit for the quarter ended June 2023 decreased to 124.42 millions as compared to 142.70 millions of corresponding quarter ended June 2022.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202306 202206 % Var 202306 202206 % Var 202303 202203 % Var
Sales 545.53 619.97 -12.01 545.53 619.97 -12.01 2169.40 1953.96 11.03
Other Income 6.07 9.76 -37.81 6.07 9.76 -37.81 29.23 26.08 12.08
PBIDT 124.42 142.70 -12.81 124.42 142.70 -12.81 534.53 426.89 25.21
Interest 5.82 6.19 -5.98 5.82 6.19 -5.98 29.11 25.91 12.35
PBDT 118.60 136.51 -13.12 118.60 136.51 -13.12 505.42 400.98 26.05
Depreciation 20.53 19.62 4.64 20.53 19.62 4.64 79.16 77.46 2.19
PBT 98.07 116.89 -16.10 98.07 116.89 -16.10 426.26 323.52 31.76
TAX 24.75 29.18 -15.18 24.75 29.18 -15.18 99.06 78.18 26.71
Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 -5.94 -0.32 1756.25
PAT 73.32 87.71 -16.41 73.32 87.71 -16.41 327.20 245.34 33.37
Equity 56.04 56.04 0.00 56.04 56.04 0.00 56.04 56.04 0.00
PBIDTM(%) 22.81 23.02 -0.91 22.81 23.02 -0.91 24.64 21.85 12.78
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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