Castings & Forgings company M M Forgings announced Q1FY26 results Company has achieved a turnover of Rs 358 crore and an EBITDA of Rs 71.64 crore. Export sales for Q1FY26 reported at Rs 137 crore contributes 40.2% of overall sales. PBT and PAT reported at Rs 30.84 crore and Rs 22.34 crore respectively. Vidyashankar Krishnan Chairman & Managing Director, said: It is a privilege to address you as we reflect on the Company’s resilient performance amid adynamic market environment. The global economic outlook remains fragile, marked by persistent volatility and evolvinggeopolitical dynamics. Key concerns include potential tariff escalations particularly between majoreconomies, have added a layer of complexity to global supply chains, impacting cross-borderflows of goods and raw materials. Additionally, geopolitical developments, most notably inEastern Europe and the Middle East have kept energy and commodity markets on edge,contributing to input cost variability across industrial sectors. The Indian automotive industry witnessed a subdued Q1FY26, marked by softer demand andmacroeconomic pressures. Export momentum moderated due to emerging tariff tensions,particularly from the U.S., impacting auto component export from several countries. Input costpressures, regulatory changes, and subdued retail sentiment further weighed on overallperformance. Despite near-term headwinds, we remain cautiously optimistic. The Company exhibited strategicresilience in Q1FY26, driven by the commitment of our teams and supported by strongfundamentals and divine grace. While the growth witnessed a marginal, market-driven moderationduring Q1FY26, our unwavering focus on operational efficiency, innovation, and cost controlcontinues to anchor long-term growth. Result PDF
Conference Call with M M Forgings Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Industrial products company M M Forgings announced Q1FY25 results: Operating EBITDA for Q1FY25 has reported at Rs 78.41 crore. withan increase of 14% as compared to Q1FY24. PBT and PAT for Q1FY25 grew by 8%, as compared to Q1FY24.3. Export sales grew by 9% reported at Rs 137.52 crore. as compared to Rs 125.99 crore. at Q1FY24. Bonus shares at a 1:1 ratio, as approved by the shareholders, wascredited to the shareholders’ demat account on 26 July 2024. Accordingly, the diluted EPS on the enhanced capital for Q1FY25 will be Rs 6.72. Dividend declared on 29 May 2024 at Rs 8 per share was remittedto the shareholders on 21 June 2024. Vidyashankar Krishnan, Chairman and Managing Director, said: With the blessings of the Almighty, your Company, MM Forgings Limited, inspite ofvarious geopolitical tensions including Russian-Ukraine and Middle East conflicts,has continued to perform in a steady and phased manner in Q1FY25. Your Company continued to focus on Customer satisfaction, through quality, timely deliveries and competitive pricing and prioritizes "Forging Excellence" in productquality and stakeholder relationships. As Chairman of MMF, I am happy to announce the performance of the Companyduring the quarter ended 30 June 2024, highlighting its Financial performance both at standalone and consolidated basis. Segment wise sales distribution Composition of the Board Forging ahead with Manufacturing excellence Further, your Company had completed issue of Bonus shares as declared in theprevious Board Meeting held on 29 May 2024 at a 1:1 ratio, marking the goldenjubilee year of Forging excellence. Result PDF