Menon Pistons Limited announced its unaudited financial results for the quarter ended December 31, 2025, along with several significant board decisions during its meeting held on January 28, 2026. The auto components manufacturer reported mixed performance with steady revenue growth but slightly lower profitability compared to the previous quarter.

Financial Performance Overview

The company's standalone operations showed resilient performance during the third quarter of FY26. Revenue from operations increased to ₹6,031.81 lakhs compared to ₹5,321.54 lakhs in the corresponding quarter of the previous year, representing growth of over 13%. However, net profit declined to ₹394.93 lakhs from ₹456.26 lakhs in the previous quarter.

For the nine months ended December 31, 2025, the company achieved revenue of ₹18,423.74 lakhs compared to ₹16,475.47 lakhs in the corresponding period of the previous year. Net profit for the nine-month period was ₹1,370.93 lakhs against ₹1,469.18 lakhs in the previous year.

Consolidated Results Show Strong Growth

The consolidated financial results, including subsidiaries Rapid Machining Technologies Private Limited and Lunar Enterprise Private Limited, demonstrated robust performance. Consolidated revenue reached ₹7,610.48 lakhs for Q3 FY26, up from ₹6,310.80 lakhs in Q3 FY25, marking a significant 20.6% year-on-year growth.

Key Board Decisions and Appointments

The Board of Directors approved several strategic decisions during the meeting. The re-appointment of Mr. Sachin Menon as Chairman and Managing Director was approved for a three-year term from February 1, 2026, to January 31, 2029, subject to shareholder approval. Mr. Menon, who holds 14,401,660 shares in the company, brings over 40 years of experience in the auto components industry with educational qualifications including B.E. (Mechanical) and MBA in Finance from the USA.

Additionally, the Board approved the appointment of Col. Basavaraj K Kullolli as Additional Director in the Non-Executive and Independent Director category for three years from March 9, 2026, to March 8, 2029. Col. Kullolli brings over 30 years of leadership experience with qualifications including MBA in Finance & HR, Master of Science in Defense & Strategic Studies, and is a qualified helicopter pilot.

Corporate Governance and Compliance Matters

The company received approval for material related party transactions with M/s. Menon Exports, subject to member approval through postal ballot. The Board also approved alterations to the Articles of Association by removing clauses related to Common Seal for administrative convenience and operational flexibility.

The Board noted the circular issued by the National Financial Reporting Authority dated January 7, 2026, regarding effective communication between Statutory Auditors and Those Charged with Governance, and appreciated the current practices followed by their statutory auditors.

Impact of New Labour Codes

The financial results reflect the impact of new Labour Codes notified by the Government of India on November 21, 2025. This resulted in a one-time increase in employee benefit expense provision of ₹27.98 lakhs, which has been recognized as an exceptional item in the current reporting period. The company noted that related rules are yet to be notified, and their impact will be evaluated accordingly.

Menon Pistons Limited , a key player in the auto components segment, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company's Board of Directors approved both standalone and consolidated figures, showcasing a strong performance in the auto components sector.

Financial Highlights

The consolidated results, which include subsidiaries Rapid Machining Technologies Private Limited and Lunar Enterprise Private Limited, demonstrate significant growth:

Key Takeaways

1. Revenue Growth: The company's consolidated revenue from operations for Q2 FY26 stood at ₹7,454.39 lakhs, marking a 14.0% increase from ₹6,539.40 lakhs in the same quarter last year.

2. Profit Increase: Net profit for Q2 FY26 rose to ₹694.69 lakhs, up by 3.6% compared to ₹670.53 lakhs in Q2 FY25.

3. Half-Yearly Performance: For H1 FY26, the company reported a consolidated revenue of ₹15,483.04 lakhs, up 14.9% year-on-year, with net profit increasing by 6.8% to ₹1,471.21 lakhs.

4. Earnings Per Share: The basic and diluted EPS for Q2 FY26 stood at ₹1.36, compared to ₹1.31 in the corresponding quarter of the previous year.

Corporate Governance Update

In addition to the financial results, the Board of Directors reviewed and updated the Policy on Materiality of Related Party Transactions and Dealing with Related Party Transactions. This update aligns with the provisions under Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, reinforcing the company's commitment to transparent and ethical business practices.

Conclusion

Menon Pistons Limited's Q2 and H1 FY26 results reflect a strong position in the auto components sector, with double-digit growth in revenue and steady improvement in profitability. The company's focus on corporate governance, as evidenced by the policy update, alongside its financial performance, positions it well in the auto components market.

The results demonstrate the company's ability to grow revenues and maintain profitability in a competitive sector. The updated related party transaction policy also underscores Menon Pistons' commitment to good corporate governance practices.