During Tuesday’s trading session, shares of a company involved in the manufacture and export of auto components surged nearly 7 percent on BSE, after the company announced securing an order worth nearly $3.73 million from Allison Transmission, a US-based company.
With a market cap of Rs. 725 crores, the shares of Menon Bearings Limited closed in the green at Rs. 129.4 on BSE, up by around 6.2 percent, as against its previous closing price of Rs. 121.85. The stock has delivered positive returns of around 4 percent in one year, and has gained by over 25 percent in the last one month.
What’s the News
According to the latest regulatory filings with the stock exchanges, Menon Bearings Limited has secured an order from the US-based company, Allison Transmission, as part of its ongoing business operations.
The order involves the annual production and supply of approximately 75 lakh pieces of Thrust Washers and Bushings, valued at around $3.73 million per year. This order will be executed on a yearly basis.
Financials and More
Menon Bearings reported a significant growth in revenue from operations, experiencing a year-on-year rise of nearly 20 percent, from Rs. 54.3 crores in Q4 FY24 to Rs. 65.2 crores in Q4 FY25. Similarly, its net profit increased during the same period from Rs. 5.6 crores to Rs. 6.6 crores, representing a growth of nearly 17.5 percent YoY.
Menon Bearings Limited is engaged in the business of manufacturing critical engine components like bearings, bushes, thrust washers used in long haul, heavy duty diesel engines & multi axle vehicles at two locations and manufacturing of aluminium die casting components at another location.
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
