Menon Bearings slips 9% as Q4 profit declines 11% to Rs 5 crore
<p style="text-align:center;">
<img src="/membcentre/editor/attached/image/20180504/20180504101303_23944.jpg" alt="" />
</p>
<p>
The company considered the recommendation of final dividend at 25 paise per equity share of Re 1 each for the financial year 2017-18.
</p>
<br />
Shares of Menon Bearings slipped 9 percent intraday Thursday as company reported poor numbers in the quarter ended March 2018.<br />
The company's Q4 net profit declined 11.3 percent at Rs 5.11 crore against Rs 5.8 crore in the same quarter last fiscal.<br />
Meanwhile, revenue of the company increased by 21.9% at Rs 38.7 crore versus Rs 31.7 crore.<br />
The company considered the recommendation of final dividend at 25 paise per equity share of Re 1 each for the financial year 2017-18.<br />
<br />
At 13:38 hrs Menon Bearings was quoting at Rs 106, down Rs 8.25, or 7.22 percent on the BSE.<br />
04 May,2018
