Penny stock under Rs 70 jumps 7.62% after announcing Q3FY26 and 9MFY26

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Penny stock under Rs 70 jumps 7.62% after announcing Q3FY26 and 9MFY26

Menon Pistons Ltd has demonstrated steady financial growth, maintaining a market capitalisation exceeding Rs 300 crore as it navigates the 2026 fiscal year.

On Wednesday, shares of Menon Pistons Ltd gained 7.62 per cent to Rs 62.01 per share from its previous closing of Rs 57.62 per share. The stock has a 52-week high of Rs 71.85 per share and its 52-week low is Rs 43 per share.

Menon Pistons Ltd has demonstrated steady financial growth, maintaining a market capitalisation exceeding Rs 300 crore as it navigates the 2026 fiscal year. In its Q3FY26 performance, the company achieved net sales of Rs 76.10 crore, marking a 17 per cent year-on-year increase, while net profit grew by 8 per cent to reach Rs 6.42 crore. This upward trajectory is further reflected in the nine-month (9MFY26) results, where revenue surged by 21 per cent to Rs 230.94 crore and net profit rose 10 per cent to Rs 21.14 crore compared to the previous year. Alongside these financial gains, the Board and Audit Committee—led by Independent Directors—have approved material related party transactions with Menon Exports. This strategic move follows the latest SEBI compliance standards from October 2025 and is currently moving toward final shareholder validation through a postal ballot process, ensuring corporate governance remains aligned with regulatory transparency.

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About the Company

Established in 1971, Menon Pistons Ltd (MPL) is a leading manufacturer of high-precision piston assemblies and engineering components tailored for a diverse range of applications. The company specialises in producing aluminium alloy, forged steel, and ductile iron pistons, alongside gudgeon pins and valvetrain parts like rocker arms and shafts. Beyond engine powertrains for passenger cars and heavy-duty diesel engines, MPL supplies critical hydraulic system components and high-precision turned parts for earthmovers and power generation. Its comprehensive portfolio, which includes advanced oil-cooled gallery and friction-welded steel pistons, supports essential air management and lifting systems across the automotive and industrial sectors.

Disclaimer: The article is for informational purposes only and not investment advice.