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M M Forgings Ltd.
13 Jun 2018
338.60
2.31%
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research MM Forgings' (MMF) Q4FY18 revenue grew 65.6% YoY to | 199.5 crore, driven by both domestic (strong growth from CV segment) and export market (robust US Class 8 truck volumes) EBITDA margins declined 26 bps YoY, 140 bps QoQ to 19.4%, impacted by higher input cost (gross margin contracted 451 bps YoY, 756 bps QoQ). However, it was partly offset by lower other operational expenditure. Reported PAT grew 114.9% YoY to | 27.4 crore...
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