Witnessing Significant Demand Pick Up: Impressive Q4 numbers along with double digit YoY growth - Menon Bearings has registered turnover growth of 12.8% sequentially mainly owing torecuperating demand environment nullifying the demonetization effect, however has shown a flattish YoY growth of 7.8% for Q4FY17. EBITDA & EBIT margins haveexpanded by 41 bps, 263 bps QoQ, however contracted by 278 bps & 153 bps YoY respectively though. PAT margin has recorded an impressive expansion of 391 bps QoQ & 385 bps YoY. Whole year performance (FY17) has been optimistic with asales growth of 10.8% along with EBITDA, EBIT & PAT Margin expansion of 84 bps, 78 bps & 223 bps to reach 26.6%, 22.4% & 15.7% respectively compared to FY16.