Menon Bearings Q4 FY26: Record Quarter Caps a Step-Up Year

FY26 consolidated revenue from operations was 299.46 crore, EBITDA was 64.42 crore and profit after tax was 38.25 crore, as per the investor presentation.

In Q4 FY26 consolidated revenue from operations was 87.79 crore, EBITDA was 22.22 crore and PAT was 13.78 crore. Q4 EBITDA margin was 25.31 percent and PAT margin was 15.70 percent.

FY26 consolidated revenue by product was Bi-metal 212.54 crore (72.34 percent), Alkop 72.18 crore (24.57 percent) and Braking Systems 9.09 crore (3.09 percent).

The investor presentation states additional capex planned over the next two years of 25 crore for Bi-metal, 7 crore for Alkop and 2.50 crore for Brakes. On the earnings call, management also mentioned 25 crore over two years for Bi-metal, 7 crore for Alkop and 3 crore for Brakes.

Management stated it expects to sustain EBITDA margin more than 20 percent and in the range of 20 to 22 percent for the next two years, noting quarterly variability based on raw material pass-through and mix.

Exports were about 34 percent of FY26 revenue and are expected to rise. Management said US export receivable cycle is more than 180 days, which contributed to higher finance costs and higher trade receivables on the balance sheet.