MENONBE2023-04-012023-06-30 MENONBE2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member MENONBE2023-04-012023-06-30in-bse-fin:OneOperatingExpenses02Member MENONBE2023-06-30 MENONBE2023-04-012023-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 523828 MENONBE NOTLISTED Menon Bearings Limited Equity 2023-04-01 2024-03-31 2023-07-15 2023-07-08 INR Lakhs First quarter 11:00:00 13:55:00 2023-07-15 2023-07-15 Not applicable Single segment Auto Components & engineering parts thereof. 2023-04-01 2023-06-30 Unaudited Standalone 545533000.00 6072000.00 551605000.00 216381000.00 0.00 -1249000.00 87374000.00 5816000.00 20532000.00 124680000.00 453534000.00 98071000.00 0.00 98071000.00 24754000.00 0.00 24754000.00 0.00 73317000.00 0.00 0.00 0.00 0.00 73317000.00 106000.00 73423000.00 0.00 0.00 56040000.00 1 1.31 1.31 0.00 0.00 1.31 1.31 Notes:- 1) The above results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 15.07.2023. 2) The above results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (IND AS) prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. Investor Queries: 1) The tractor industry is shifting from TREM III to TREM IV environmental norms, which seems to have resulted in impact on production of tractors during the transition, the same is expected to normalize very soon. 2) At the same time there is a positive growth in HCV-LCV and companies manufacturing engines for power generation. The same has shown accelerated growth and the company could sustain its margins as a result of diverse portfolio segments of the company. 3) Looking at the business in hand, addition of new customers and parts, as the current facilities are dedicated for existing customers, the company is ramping up its production facilities, and in view of the same, the company is constructing 42,000 sq. ft. of Factory Building in Bearing Division and 65,000 sq. ft. of Factory Building in Aluminum Division. The expansion programme will be funded through internal accruals and debt. 4) Below is the table showing performance of the Company for Quarter ended 30.06.2023: - Sr. No. Particular Q1 2023-24 % 1 Total Income (Crs) 55.16 2 EBITDA (Crs) 12.44 22.56 3 PBT (Crs) 9.81 17.78 4 PAT (Crs) 7.33 13.29 5) Historically, the Company has declared dividend to the tune of 35-45% of net profits after considering the cash flows and the requirement of funds for expansion programme. The Board has declared an Interim Dividend of Rs. 2.25 per Share of face value of Re. 1/- each (225%) (for F.Y. 2023-24) absorbing a sum of Rs. 1,260.90 Lakhs. 6) The Shareholders, whose name appears in the Register of members as on the record date i.e. Monday, 24.07.2023, are eligible to get interim dividend which will be distributed from 27.07.2023 to 31.07.2023 by the company. 7) The Company’s business activity falls within a single primary segment i.e. Auto Components and engineering parts thereof. 8) The figures have been re-grouped/re-arranged/re-classified/re-worked wherever necessary to conform to the current year accounting treatment. Operating Expenses 96624000.00 Other Expenses 28056000.00 Re- measurement gains/ (Losses) on defined benefit plans (net of Tax) 106000.00 106000.00 0.00 0.00