Menon Bearings Limited has informed the Exchange about Transcript
MENONBE · price
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Menon Bearings reported Q2 FY26 revenue of INR 63.85 crore (up 7% YoY) and H1 FY26 PAT growth of 18%. EBITDA margin for the quarter dipped to ~15.6% due to higher raw material costs (copper up from ~INR 750 to ~INR 940/kg), but H1 EBITDA margin stood at 18.8%. Management guided for FY26 revenue of INR 285-290 crore and EBITDA margin of 19-20%, with FY27 margins expected at 20-21% (conservative). Order book stands at INR 290 crore for FY26 and INR 350 crore for FY27. The company is debt-free, has INR 25-30 crore planned CapEx, and is expanding capacity in all three divisions (Bi-Metal, Alkop, Brakes).
The margin guidance signals improvement from current levels supported by export growth, new orders from Allison USA and Bajaj Pulsar brake pads, and operating leverage from recent CapEx. Strong order book visibility (INR 350 cr for FY27) and EV business ramp-up (8-10% of Alkop revenue by FY27) provide multi-year growth visibility. Shareholders should note the margin recovery in H2 FY26 is the key near-term trigger, while Africa and Canada deals could add incremental upside.