Menon Bearings Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 514.95 million compared to INR 496.5 million a year ago. Revenue was INR 523.96 million compared to INR 503.25 million a year ago. Net income was INR 54.68 million compared to INR 77.5 million a year ago. Basic earnings per share from continuing operations was INR 0.98 compared to INR 1.38 a year ago. Diluted earnings per share from continuing operations was INR 0.98 compared to INR 1.38 a year ago.
For the nine months, sales was INR 1,571.37 million compared to INR 1,630.72 million a year ago. Revenue was INR 1,596.27 million compared to INR 1,657.95 million a year ago. Net income was INR 187.32 million compared to INR 234.19 million a year ago. Basic earnings per share from continuing operations was INR 3.34 compared to INR 4.18 a year ago. Diluted earnings per share from continuing operations was INR 3.34 compared to INR 4.18 a year ago.