Menon Bearings Announces Q1 FY25 Results, Net Sales at 5-Quarter High Despite Decline in PAT

Menon Bearings, a microcap company in the auto ancillary industry, has recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financial report, Menon Bearings has shown a flat performance in the quarter, with a slight improvement in its score from -6 to -3 in the last three months. The company’s net sales for the quarter were at its highest in the last five quarters, standing at Rs 58.39 crore. This indicates a positive trend in the near term for the company’s sales.

However, the company’s Profit After Tax (PAT) for the half-yearly period has shown a decline of 27.73% year on year, with a PAT of Rs 11.78 crore. The near term trend for PAT is also negative.

Despite the mixed financial performance, Menon Bearings remains a key player in the auto ancillary industry, catering to the needs of the automobile sector. The company has a strong track record and continues to focus on innovation and quality to maintain its position in the market.

Investors and experts are advised to carefully analyze the company’s financials and market trends before making any investment decisions. Menon Bearings’ stock call may be a ‘Sell’ for now, but with its strong fundamentals and potential for growth, the company may see a turnaround in the future.