Menon Bearings has announced its audited standalone and consolidated financial results for the quarter and financial year ended 31 March 2026, alongside an investor presentation filed on 16 May 2026 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors approved the results at its meeting held on 14 May 2026. The audited financial statements carry an unmodified opinion from statutory auditors M/s. A R N A & Associates, Chartered Accountants, Kolhapur. The results were subsequently published in Business Standard (English) and Tarun Bharat (Marathi) on 16 May 2026, in accordance with Regulation 33 read with Regulation 47(1) of the SEBI (LODR) Regulations, 2015. The company operates as India's leading engine bearing manufacturer across three key business divisions — Bi-metal Products, Alkop (Aluminium Die Casting), and Braking Systems — catering to industries including light and heavy commercial vehicle engines, tractors, industrial engines, and compressors.

Financial Performance Overview

For the financial year ended 31 March 2026, the company reported a standalone net profit of Rs 32.63 crore, a 61.87% increase from Rs 20.16 crore in the previous year. Standalone total income rose by 30.82% to Rs 220.10 crore, up from Rs 168.25 crore in the prior year. Standalone EBITDA grew 51.87% to Rs 5,135.78 lakhs from Rs 3,381.70 lakhs, while standalone profit before tax (PBT) rose 60.59% to Rs 4,306.07 lakhs. On a consolidated basis, FY26 marked the highest-ever revenue from operations at Rs 299.46 crore, highest-ever EBITDA at Rs 64.42 crore, and highest-ever net profit at Rs 38.25 crore, registering a growth of 53.41% compared to Rs 24.93 crore in the previous year. Consolidated EBITDA margin expanded to 21.51% from 18.62% in FY25.

The following table summarises the full-year financial performance:

Quarterly Results (Q4 FY26)

In the fourth quarter of FY26, consolidated revenue from operations reached a highest-ever quarterly level of Rs 87.79 crore, up 34.70% year-on-year, while consolidated EBITDA surged 95.40% YoY to a record Rs 22.22 crore, also up 39.80% quarter-on-quarter. Consolidated EBITDA margin for Q4 FY26 expanded by 786 bps YoY and 502 bps QoQ to 25.31%. Consolidated net profit for Q4 FY26 rose 108.70% YoY to Rs 13.78 crore, with PAT margin improving by 556 bps YoY to 15.70%. On a standalone basis, Q4 FY26 net profit increased to 95M rupees from 59M rupees in the corresponding quarter of the previous year, with standalone revenue growing to 640M rupees from 456M rupees year-on-year. Standalone EBITDA rose to 149M rupees from 85M rupees, with the standalone EBITDA margin expanding to 23.28% from 18.70% year-on-year. Standalone basic EPS for Q4 FY26 stood at Re. 1.70, while consolidated basic EPS was Re. 2.46.

The table below presents the Q4 consolidated income statement:

Balance Sheet Highlights

On a standalone basis, total assets as on 31 March 2026 stood at Rs 20,966.60 lakhs compared to Rs 18,234.80 lakhs in the prior year. Total equity increased to Rs 15,323.26 lakhs from Rs 13,208.77 lakhs. Trade receivables rose to Rs 6,648.76 lakhs from Rs 3,863.90 lakhs, while inventories stood at Rs 2,113.10 lakhs. On a consolidated basis, total assets grew to Rs 267.52 crore from Rs 230.58 crore, with total equity rising to Rs 185.35 crore from Rs 158.55 crore. The company maintains a near-nil net debt-to-equity ratio of 0.15, reflecting a strong balance sheet position.

Subsidiary Performance

The consolidated results include the financial contributions of three fully owned subsidiaries — Menon Brakes Limited, Menon Alkop Limited, and Menon Bearings New Ventures Limited. Menon Alkop Limited was the largest contributor, reporting revenue of Rs 75,23,81,939 and a profit of Rs 7,91,25,607 for FY26, compared to revenue of Rs 68,62,74,392 and profit of Rs 6,24,71,261 in the prior year. Menon Brakes Limited reported revenue of Rs 10,67,10,314 and a profit of Rs 60,32,338 for FY26, reversing a loss of Rs 1,46,88,945 in the previous year. Menon Bearings New Ventures Limited reported a marginal loss of Rs 29,020 for FY26.

Capacity Expansion

The company has undertaken significant capacity expansion across its key divisions during FY26. The Bi-Metal Division has increased production capacity from 486 lakh units in FY25 to 580 lakh units in FY26, representing approximately 19% uplift. The Brakes Division has expanded capacity from 18 lakh pcs in FY25 to 30 lakh pcs in FY26, representing approximately 67% uplift. Strategic investments in solar energy, energy-efficient motors, LED lighting, electrically operated furnaces, and advanced boiler systems have also been undertaken to enhance sustainability and reduce operating costs.

Way Forward and Strategic Priorities

The investor presentation outlines several strategic growth drivers. Exports currently account for approximately 34% of revenue and are projected to reach 37% by FY27, with exports to the USA expected to generate approximately ₹30 crore per year across Menon Bearing and Menon Alkop. The Alkop segment is targeting revenue of ₹95 crore by FY27 (from ₹40 crore currently), which includes ₹25–30 crore revenue from 38 parts developed and tested for a major customer. Components developed or under development for several clients, with 50% approval received and production commenced, hold a revenue potential of approximately ₹55 crore annually. The company has entered the EV segment through Alkop, supplying components to Porsche's e-mobility platform via Eaton, and is targeting EV to constitute 8–10% of Alkop's revenue by FY27. For the Alkop division, an additional ₹7 crore capex is planned over the next two years to enhance machining capacity. A dynamometer installation is underway for railway approvals and OEM orders, with a significant turnover increase expected post-commissioning. Plans to enter Africa via a large distributor network are also in progress.

Board Appointments

The Board appointed M/s. A. G. Anikhindi & Co (FRN: 100049), Cost Accountants, Kolhapur, as Cost Auditors for the financial year 2026-27, pursuant to Section 148 of the Companies Act, 2013. The firm, established in 1985, has completed over 400 cost audits and specialises in statutory cost audits, costing system development, internal and financial audits, and GST consultancy across sectors including engineering, auto components, pharmaceuticals, and textiles. Additionally, based on the recommendation of the Nomination and Remuneration Committee, Prof. (Dr.) Rajendra Girjappa Sonkawade (DIN: 11713166) was appointed as an Additional Non-Executive Director effective 14 May 2026. Prof. Sonkawade is a Senior Professor and Head of the Department of Physics at Shivaji University, Kolhapur, holding a Ph.D. in Physics and a Post-Doctoral Diploma in Radiological Physics from Bhabha Atomic Research Centre (BARC), Mumbai.

Menon Bearings Limited declared the results of its postal ballot process on 12th May, 2026, announcing that shareholders had passed a Special Resolution for the appointment of Mr. Arun Aradhye, Whole-Time Director and CFO, as Managing Director of the Company. The resolution was deemed passed on Saturday, 9th May, 2026, being the last date of remote e-voting. The Postal Ballot Notice was originally dated 3rd March, 2026, and the scrutinizer's report was submitted on 11th May, 2026 by CS Manish Baldeva, Proprietor of M/s. M Baldeva Associates, Company Secretaries, Mumbai.

Voting Process and Timeline

The remote e-voting window was open for approximately one month, commencing on Friday, 10th April, 2026 at 9:00 a.m. (IST) and concluding on Saturday, 9th May, 2026 at 5:00 p.m. (IST). The cut-off date for determining eligible shareholders was Friday, 3rd April, 2026. The total number of shareholders on the record date stood at 25,827. Notices were dispatched electronically on Thursday, 9th April, 2026 to all members whose email addresses were registered with the Company or Depository Participants. An advertisement regarding the dispatch of the Postal Ballot Notice and remote e-voting information was published in Business Standard (English) and Tarun Bharat (Marathi) on Friday, 10th April, 2026.

The following table summarises the key procedural details of the postal ballot:

Special Resolution: Appointment of Managing Director

The sole resolution put to vote was a Special Resolution for the appointment of Mr. Arun Aradhye, Whole-Time Director and CFO, as Managing Director of the Company. The promoter and promoter group were not interested in the agenda or resolution. The resolution was passed with requisite majority, with invalid votes recorded as nil.

The detailed voting results across shareholder categories are presented below:

Scrutinizer's Findings

CS Manish Baldeva of M/s. M Baldeva Associates, Company Secretaries, Mumbai, was appointed as Scrutinizer by the Board of Directors in its meeting held on 3rd March, 2026. The scrutinizer confirmed that the voting rights of members were considered in proportion to their share in the paid-up equity share capital of the Company as on the cut-off date of 3rd April, 2026. All votes cast up to 5:00 p.m. (IST) on Saturday, 9th May, 2026 were considered for the report. The scrutinizer's report is dated 11th May, 2026, and was countersigned by Nitin Ram Menon as Chairman/Authorised Representative of Menon Bearings Limited.

Disclosure and Compliance

The Postal Ballot results, along with the Scrutinizer's Report, have been hosted on the Company's website at www.menonbearings.in and on the website of MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited) at www.linkintime.co.in . The disclosure was made pursuant to Regulation 44(3) read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Siddheshwar Kadane, Company Secretary & Compliance Officer (Membership No.: A72775), on behalf of Menon Bearings Limited.