Menon Bearings Limited — Investor Meet, 04-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Menon Bearings reported Q2 revenue up 7% YoY to INR 63.85 crore. H1 EBITDA margins stood at 18.8% and PAT margins at 11.6%, though Q2 margins saw pressure from higher raw material costs.

Management is confident in achieving FY26 revenue of INR 285-290 crore with 19-20% EBITDA margins, targeting over 20% for FY27. Strategic initiatives include capacity expansion across all divisions and investing in solar power for cost savings and a better carbon footprint.

New orders are driving growth, including over INR 2.5 crore/month in Bi-Metal business with Allison (USA) and INR 30 crore/year in thrust washers. The Brakes division is expanding into two-wheeler brake pads with Bajaj Pulsar, while Alkop has 51+ new parts slated for production by Q4. Exports are targeted to reach 40% of revenue by FY27. The company saw its highest ever monthly sales in October, signaling strong Q3/Q4 performance.