Menon Bearings Ltd Q1 FY2023-24 net profit lower at Rs. 7.33 crore

Menon Bearings Limited has reported Standalone financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 55.1605 crores during the period ended June 30, 2023 as compared to Rs. 54.0682 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 7.3317 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 9.1827 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 1.31 for the period ended June 30, 2023 as compared to Rs. 1.64 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹55.1605 crs	₹54.0682 crs	2.02%
Net Profit	₹7.3317 crs	₹9.1827 crs	-20.16%
EPS	₹1.31	₹1.64	-20.12%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs.55.1605 crores during the period ended June 30, 2023 as compared to Rs.62.9729 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.7.3317 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.8.7717 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.1.31 for the period ended June 30, 2023 as compared to Rs.1.57 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹55.1605 crs	₹62.9729 crs	-12.41%
Net Profit	₹7.3317 crs	₹8.7717 crs	-16.42%
EPS	₹1.31	₹1.57	-16.56%

Shares of Menon Bearings Limited was last trading in BSE at Rs. 144.00 as compared to the previous close of Rs. 142.20. The total number of shares traded during the day was 51153 in over 1079 trades.

The stock hit an intraday high of Rs. 147.95 and intraday low of 141.80. The net turnover during the day was Rs. 7406119.00.

Source : Equity Bulls

Keywords

MenonBearings Q1FY24 ResultUpdate