95.9600 -0.95 (-0.98%)
NSE Apr 17, 2025 15:31 PM
Volume: 28,706
 

95.96
-0.98%
Karvy
Significant Demand Pick-up to Aid Growth: Consistent revenue growth along with healthy ratios: Menon Bearings has registered a turnover growth of 2.9% sequentially & 11.9% YoY growth for Q1FY17owing to improved volumes.However, H1FY17 turnover has recorded a 14.1% growth compared to YoY. Though EBITDA margin has contracted by 70 bps QoQ ithas expanded by 200 bps YoY. Also the H1FY17 EBITDA margin has expanded by 370 bps YoY. EBIT & Net profit margins have also clocked similar trends comparedto QoQ & YoY.
Menon Bearings Ltd. is trading above its 30 day SMA of 93.7
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