Menon Bearings LimitedQ1 FY27 Results & Financial Update
Menon Bearings Limited: Q1 FY27 consolidated results and company financials – revenue ₹91.79 Cr, PAT ₹14.11 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Find an answer
Ask this result
Chart · Market context
Menon Bearings price & chart
Market price₹298.25
1Y return—Price return
Loading market chart…
TradingView Lightweight Charts™ · Copyright © 2025 TradingView, Inc.TradingView
Market chartPrice chart temporarily unavailableThe price chart could not be loaded right now. The reported financial results remain available above.
Spotted a factual error?Tell us the number, date or statement and we will re-check the underlying records and calculations.Report an error
Quarterly Results AnalysisExplore Menon Bearings Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Growth during the quarter was underpinned by robust traction in the Bimetal and Alkop divisions, driven by increasing export orders and healthy demand from domestic original equipment manufacturers and the aftermarket channel.
The Bimetal division generated Rs 67.06 crore during the quarter, benefiting from expanding export and domestic orders for larger diameter bearings, bushes, and washers.
The Alkop aluminium die-casting division contributed Rs 21.82 crore in revenue, supported by new part development, ongoing order execution, and components supplied to major global automotive brands.
The Braking Systems division recorded revenue of Rs 2.91 crore, with management progressing on dynamometer installations to secure upcoming railway approvals and specialized OEM orders.
Profitability expansion outpaced revenue growth due to operational efficiencies, in-house tooling capabilities, and cost savings derived from sustainability initiatives such as solar power integration and energy-efficient equipment.
The Board of Directors declared an interim dividend of Rs 2.00 per equity share of face value Re 1 each for the financial year 2026-27, with the record date set for July 22, 2026.
01 · Business model
What does Menon Bearings do?
Menon Bearings Limited operates as a specialized manufacturer of critical engine components, focusing primarily on bimetal bearings, bushes, washers, aluminium die-casting products (Alkop), and braking systems.
The company maintains its manufacturing operations across five plants located in Kolhapur, Maharashtra, supported by in-house facilities for alloy powder manufacturing, strip production, tooling, and machine building.
Its products cater to diverse end-user segments including commercial vehicles, tractors, industrial engines, stationary engines, marine engines, compressors, and electrical applications.
Menon Bearings serves an international and domestic clientele comprising major original equipment manufacturers (OEMs) and aftermarket distributors across more than 24 countries.
02 · Historical context
What shaped the business before this quarter
During FY26, the company successfully scaled its production capacities across divisions, growing bi-metals capacity from 486 lakh units to 580 lakh units and brake capacity from 30 lakh pcs to 50 lakh pcs.
The company established MBL Unit (III) featuring in-house powder manufacturing using water-atomization technology, enabling the production of lead-free copper alloy sintered strips and specialized thrust washers.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹91.79 Cr |
| Total income | ₹94.30 Cr |
| Profit before tax | ₹18.51 Cr |
| Profit after tax | ₹14.11 Cr |
| EPS | ₹2.52 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Bimetal products remained the primary revenue engine, contributing Rs 67.06 crore (approximately 73.06% of product-wise revenue) driven by higher demand for larger diameter bearings and bushes.
Aluminium die-casting (Alkop) generated Rs 21.82 crore, supported by component supplies into European luxury vehicle platforms and domestic industrial applications.
OEM channels accounted for 47.72% of quarterly revenue, while exports represented 33.16% and replacement markets contributed 8.31%.
What drove margins
In-house tool rooms, machine building capabilities, and strip manufacturing reduced tooling development times and overhead costs, protecting operating margins.
Deployment of a 3,870 kWp solar power system yielding over 53.67 lakh kWh annually and electric holding furnaces helped reduce electricity costs and eliminate diesel usage.
05 · Demand, customers & order book
Where demand is coming from
Catering to global OEMs including John Deere, Cummins, Eaton, Honeywell, Eicher, and Tata, with no single customer contributing more than 10-12% of business.
Order-to-production lead times averaging approximately 9 months provided strong forward revenue visibility across key operating divisions.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Recorded Rs 67.06 crore in revenue with 70% domestic and 30% export split; received sample requests from prominent US aftermarket companies.
Generated Rs 21.82 crore in revenue with 54% domestic and 46% export split; developed 38 new parts anticipating Rs 50-60 crore annual revenue potential within two years.
Contributed Rs 2.91 crore with dynamometer installation underway to secure railway approvals and accelerate OEM order execution.
Geography and market mix
Exports accounted for approximately 34% of overall revenue, with management targeting an increase to 37% by the end of FY27.
Exports to the USA from Menon Bearing and Menon Alkop are projected to reach approximately Rs 30 crore annually.
The company announced plans to enter the African market via a large distributor network.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Maintained bi-metal capacity at 580 lakh units, Alkop capacity at 1,440 MT, and brake capacity at 50 lakh pieces following previous capital investments.
Projects, capex and execution
Planned an additional capital expenditure of Rs 7 crore over the next two years for the Alkop division to expand machining capacity.
08 · Strategy & new businesses
How the company is trying to change its growth mix
Entered the EV segment within Alkop to supply components to Porsche through tier-1 supplier Eaton, targeting EV components to constitute 8-10% of Alkop revenue by FY27.
09 · Reported developments
What changed operationally
Achieved significant year-on-year growth in consolidated revenue, EBITDA, and net profit for the quarter.
Rewarded shareholders with an interim dividend of Rs 2.00 per share (200% of face value).
10 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Maintained efficient inventory and receivable management in alignment with expanded operational scale and delivery schedules.
Capital allocation & funding
Net debt to equity remained low at approximately 0.15, reflecting a strong and conservative balance sheet structure.
11 · Management guidance & targets
What management is targeting from here
Management projected exports to reach 37% of total revenue by the end of FY27.
The Alkop division targeted reaching Rs 95 crore in revenue by FY27, up from Rs 40 crore previously, bolstered by 38 newly developed parts.
Targeted electric vehicle applications to account for 8% to 10% of Alkop revenue by FY27.
12 · Beyond the numbers
What changed beyond the numbers
Reported update
ESG and sustainability recognition
Highlighted ongoing execution of CSR initiatives, including the construction of an auditorium at Gokul Shirgaon MIDC to promote vocational skills and education.
13 · Previous-quarter changes
What changed since the previous quarter
Continued sequential momentum from Q4 FY26 with higher delivery volumes in bimetal bearings and aluminium die-cast components.
14 · Key Q&A
The quarter, answered directly
What does Menon Bearings do?
Menon Bearings Limited operates as a specialized manufacturer of critical engine components, focusing primarily on bimetal bearings, bushes, washers, aluminium die-casting products (Alkop), and braking systems.
What is the clearest takeaway from Q1 FY27?
Growth during the quarter was underpinned by robust traction in the Bimetal and Alkop divisions, driven by increasing export orders and healthy demand from domestic original equipment manufacturers and the aftermarket channel.
What drove revenue or demand?
Bimetal products remained the primary revenue engine, contributing Rs 67.06 crore (approximately 73.06% of product-wise revenue) driven by higher demand for larger diameter bearings and bushes.
What mattered most for margins or profitability?
In-house tool rooms, machine building capabilities, and strip manufacturing reduced tooling development times and overhead costs, protecting operating margins.
What changed operationally beyond the headline numbers?
Maintained bi-metal capacity at 580 lakh units, Alkop capacity at 1,440 MT, and brake capacity at 50 lakh pieces following previous capital investments.
What is management guiding or targeting from here?
Management projected exports to reach 37% of total revenue by the end of FY27.
15 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
16 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Dynamometer commissioning: Monitor the completion of the dynamometer installation and subsequent receipt of Indian Railways approvals for brake products.
- 02
Alkop revenue scaling: Track the commercial execution and revenue ramp-up of the 38 newly developed Alkop parts targeting Rs 50-60 crore in incremental annual potential.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.