Menon Bearings Reports Decline in Q4 FY2023 Financial Performance
Menon Bearings Ltd. experienced a downturn in its Q4 FY2023 financial results. Revenue decreased by 12.64% to ₹456.00 crore from ₹522.00 crore in Q4 FY2022. EBITDA fell by 19.05% to ₹85.00 crore, with the EBITDA margin contracting from 20.11% to 18.64%. Net profit declined by 9.23% to ₹59.00 crore compared to ₹65.00 crore in the previous year's corresponding quarter.