Menon Bearings has reported its highest ever quarterly revenue, net profit, and EBITDA for the quarter ended June 30, 2026. Consolidated net profit rose 67.35% to ₹141.07 crore from ₹84.30 crore in the corresponding quarter of the previous year, while revenue from operations increased 37.2% to ₹917.89 crore. The company’s operational efficiency improved significantly, with EBITDA growing 56.8% to ₹223.78 crore and EBITDA margins expanding to 23.80%. The Board of Directors has approved an interim dividend of ₹2 per equity share for the financial year 2026-27.

Q1 Financial Performance

The company achieved record financial metrics across the board, driven by strong demand in the auto components segment. The table below summarises the key consolidated financial metrics for Q1FY27:

Operational Highlights and Expansion

On a standalone basis, net profit for the quarter rose 63.53% to ₹112.33 crore, while total income increased 41.01% to ₹684.66 crore. The company is progressing with capacity expansion initiatives across its divisions. Production capacity for the Bi-Metal division increased to 580 lakh units in FY26 from 486 lakh units in FY25, representing a 19% uplift. Similarly, the Brakes division saw its capacity rise to 50 lakh pieces in FY26 from 30 lakh pieces in FY25, a 67% increase. The company is also targeting high-volume, high-value parts for additional annual business, with new initiatives expected to generate significant revenue in FY26-27.

Dividend Declaration

The Board has fixed Wednesday, July 22, 2026, as the record date to determine shareholder eligibility for the interim dividend. The payout of ₹2 per share, or 200% of the face value, will be dispatched or credited to shareholder accounts between Monday, July 27, 2026, and Tuesday, August 4, 2026. The total dividend outflow is expected to be ₹1,120.80 lakhs.

Menon Bearings Limited will hold its 35th Annual General Meeting on Thursday, August 6, 2026, at 11:00 A.M. IST through Video Conferencing or Other Audio Visual Means. Shareholders will consider the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026. The meeting also includes the re-appointment of Mr. Nitin Menon as Director and the ratification of remuneration payable to Cost Auditors, M/s. A.G. Anikhindi & Co.

The company has dispatched the Notice of the 35th AGM along with the Annual Report for FY26. Members with registered email addresses received the documents electronically, while others were sent a physical letter with a web-link to the report. The Annual Report is available on the company's website, the websites of BSE Limited and National Stock Exchange of India Limited, and the RTA's website.

Remote e-voting for members will commence on Sunday, August 2, 2026, at 9:00 A.M. IST and conclude on Tuesday, August 5, 2026, at 5:00 P.M. IST. The cut-off date to determine eligibility for attending and voting at the AGM is Thursday, July 30, 2026. E-voting facilities will also be available during the AGM. Members who have cast their vote via remote e-voting prior to the meeting may attend but will not be allowed to vote again during the AGM.

Key AGM Details

Business to be Transacted

Ordinary Business

1. Adoption of Audited Standalone and Consolidated Financial Statements for FY26.
2. Taking note of the interim dividend of ₹2 per share paid for FY26.
3. Re-appointment of Mr. Nitin Menon (DIN: 00692754) as Director.

Special Business

1. Ratification of remuneration payable to Cost Auditors, M/s. A.G. Anikhindi & Co.
2. Appointment of Prof. (Dr.) Rajendra Girjappa Sonkawade (DIN: 11713166) as Non-Executive Non-Independent Director.