Analysts/Institutional Investor Meet/Con. Call Updates

03.11.2026 To, To, The Manager - DCS The Manager - Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, BandraKurla Complex Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai- 400051 Scrip Code: 523828 Symbol: MENONBE Subject :Disclosure of Information pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Outcome of Schedule of Analyst / Institutional Investor Meeting – Transcript of Earnings Call Dear Sir / Ma’am, Pursuant to the relevant provisions of Regulation 30 (6) read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we would like to inform you that the officials of the Company had an earnings conference call relating to the Unaudited Standalone & Consolidated Financial Results of the Company for the quarter and half year ended 30th September, 2026 for the Investors/Analysts (Participants) which was held as per the details below. Date & Time Type of Interaction October 30, 2026 11:00 AM IST Earnings Conference Call The Transcript of the earnings conference call is enclosed herewith and has been uploaded on the website of the Company i.e. www.menonbearings.in . Kindly take the same on your record. Thanking you, Yours faithfully, For Menon Bearings Limited Siddheshwar Kadane Company Secretary and Compliance Officer Membership No : A72775 Menon Bearings Limited Q2 & H1 FY27 POST EARNINGS CONFERENCE CALL October 30, 2026 11:00 AM IST Management Team Mr. Arun Aradhye – Managing Director Mr. Aditya Menon - Promoter Group Call Coordinator Strategy & Investor Relations Consulting Disclaimer: - This transcript is edited for factual errors. Menon Bearings Limited Q2 & H1 FY27 Post Earnings Conference Call October 30, 2026 11:00 AM IST Presentation Moderator: Ladies and gentlemen, on behalf of Kaptify Consulting Investor Relations team, I welcome you all to the Q2 and H1 FY27 Post- Earnings Conference call of Menon Bearings Limited. Today on the call from the management team, we have with us Mr. Arun Aradhye, Managing Director; and Mr. Aditya Menon, part of the Promoter Group. As a disclaimer, I would like to inform all of you that this call may contain forward-looking statements which may involve risk and uncertainties. Also, a reminder that this call is being recorded. I would now request the management to brief us about the business and performance highlights for the period ended September 2026, the growth plans and vision for the coming year, post which we will open the floor for Q&A. Over to you, sir. Arun Aradhye: Yeah, good morning everybody. So I am glad with your best wishes, we could perform better and better every quarter. We are moving ahead. And if you see the results, particularly on a consolidated basis, the total income of the company for this quarter has a growth of 58.60% over last year same quarter. EBITDA has increased by 103.8% then PBT by 123%, PAT by 117%, and similarly EPS also has -- there is a growth of 117% over last year with cash and bank balance including mutual funds is INR 25.69 crores- plus. Similarly, for the total half year, we have clocked the total Income from operation of INR 194.9 crores. That is 47% growth over last year. You see, whatever projection that we have given in the past also, we have definitely not only achieved, but we have exceeded the target that we've already given to you. So the EBITDA for the six months, it has increased by 77%, PBT by 92%, PAT by 89.55%, and cash and bank balance including mutual funds INR 25.69 crores. With this, what I feel that we are definitely looking forward to continue the same pace in future as well, with growth expected -- of course, depends upon the circumstances from time to time. There will be more than 30% growth for this year, FY27, and similarly in '27-'28 also we expect, if all the things are in place, it will be more than 30% again, with the growth drivers are basically domestic and whatever export that USA exports are growing rapidly. Page 2 of 24 Menon Bearings Limited Q2 & H1 FY27 Post Earnings Conference Call October 30, 2026 11:00 AM IST Along with that, our recently Europe tour is yielding a significant increase in the business and potential of more than INR 35 crores that will be converted into the actual sale in the year '27-'28 and '28-'29. And what I feel, that considering the current business pipeline and the commercial discussions and RFQs that we have received, for '26-'27, additional business expected is around INR 30 crores on consolidated basis. And for '27-'28, we expect that estimated additional business will be of INR 131 crores, so that, the growth rate will be obviously more than 30%, with '28-'29, the growth driver, we are having the list of all customers also from whom we are estimated to get the business, RFQs are there, and discussions are going on, commercials have been finalized. Many of the samples have been already approved. And with this, for 2029, we expect additional business of INR 157 crores, excluding potential business of INR 35 crores of Europe that we estimate it will take little more time, but 100% we are going to convert that. These are all forward-looking statements. Our fingers crossed, but we will definitely try to see that we achieve whatever targets and whatever commitment that those we are assuring you, we will try our best to achieve the same. There will be some queries from investors also. So far as other income is concerned, whatever other income and some revenues, sales is concerned, intercompany transactions have been taken into the standalone grossing. At the same time, that has been deducted from the consolidated statements. So that is being a regular practice as per the accounting standards, and that we will have to do that when we are preparing a balance sheet for six months and at the end of the year. So you can find some difference that Q1 and Q2 will not be exactly tallying to the total figure of the half year. So these are my clarifications, and now I expect questions from you now. Please go ahead. Moderator: Thank you, sir. We'll now begin the question-and-answer session. [Operator Instructions]. And I would request the participants to limit their questions to two per participants initially. We'll take the first question from Arnav Sakhuja. Please go ahead. Arnav Sakhuja: Hi. Thanks for the opportunity. So, my first question is that, if we look at the commodity prices, the aluminium prices kind of peaked in May and June, and they've fallen quite considerably since then, let's say, by Page 3 of 24 Menon Bearings Limited Q2 & H1 FY27 Post Earnings Conference Call October 30, 2026 11:00 AM IST around 15% or so. So has this benefited our Alkop segment performance in the second quarter? Arun Aradhye: Yes, obviously, the rates of aluminium, basically that is the raw material and various aluminium alloys we are applying as a raw material, the prices are down to some extent, and the benefit of which will accrue to the Alkop. However, not only that, we are getting the prices or pricing of vendors also reduced in this quarter, so that there will be additional profit for us. Arnav Sakhuja: Got it. And my second question was that, if we look at the other expenses in FY26, our sales promotion expenses within the other expenses segment increased from around INR 4.7 crores to INR 8.15 crores. So if you could just explain what would be some reasons for that increase? Arun Aradhye: You see, you can see our business so far as market is concerned, replacement market that has gone up substantially, maybe in brakes as well as in Menon Bearing. So considering that, apart from that, we have to incur substantial expenses. So far sales and distribution expenses are concerned in exports; the freight so far as shipment of exports to USA and maybe other European countries as well. That has substantially gone up, and because of that, the sales and distribut [Showing first 8,000 characters — download PDF for full document]