Menon Bearings Ltd Q2 FY2022-23 net profit at Rs. 6.89 crores

Menon Bearings Limited has reported Standalone financial results for the period ended September 30, 2022.

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 52.4977 crores during the period ended September 30, 2022 as compared to Rs. 62.9728 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 6.8973 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 8.7717 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 1.23 for the period ended September 30, 2022 as compared to Rs. 1.57 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 52.4977 crs	₹62.9728 crs	-16.63%
Net Profit	₹6.8973 crs	₹8.7717 crs	-21.37%
EPS	₹1.23	₹1.57	-21.66%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 52.4977 crores during the period ended September 30, 2022 as compared to Rs.48.9816 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.6.8973 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.5.8797 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.1.23 for the period ended September 30, 2022 as compared to Rs.1.05 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 52.4977 crs	₹48.9816 crs	7.18%
Net Profit	₹6.8973 crs	₹5.8797 crs	17.31%
EPS	₹1.23	₹1.05	17.14%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.115.4705 crores during the 6 Months period ended September 30, 2022 as compared to Rs.96.0206 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.15.6690 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.12.45 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.2.80 for the 6 Months period ended September 30, 2022 as compared to Rs.2.22 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹115.4705 crs	₹96.0206 crs	20.26%
Net Profit	₹15.6690 crs	₹12.45 crs	25.86%
EPS	₹2.80	₹2.22	26.13%

Shares of Menon Bearings Limited was last trading in BSE at Rs. 99.60 as compared to the previous close of Rs. 107.75. The total number of shares traded during the day was 84295 in over 2420 trades.

The stock hit an intraday high of Rs. 110.80 and intraday low of 96.70. The net turnover during the day was Rs. 8608701.00.

Source : Equity Bulls

Keywords

MenonBearings Q2FY23 H1FY23 ResultUpdate