MM Forgings Limited is engaged in the business of manufacturing Steel Forgings in raw, semi-machined and fully machined stages in various grades of Carbon, Alloy, Micro-Alloy and Stainless Steels. Presenting below are its Q1 FY26 earnings results.
Q1 FY26 Earnings Results
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Standalone Revenue: ₹348.81 crores, down 5.42% YoY (Q1 FY25: ₹368 crores approx).
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Consolidated Revenue: Approximately ₹369.64 crores, down 6.85% YoY in Q4 FY25 (reference year); Q1 FY26 revenue slightly lower or around similar levels due to market softness.
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Profit After Tax (PAT): ₹22 crores in Q4 FY25, down 31.2% YoY from ₹37.05 crores in Q4 FY24; partial recovery expected in Q1 FY26 though precise figure not disclosed.
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EBITDA: ₹79.36 crores for Q4 FY25, decreased 5.66% YoY; margin pressure attributed to cost inflation and weak demand.
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EPS for FY25: ₹4.63.
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Market Geography: India accounts for 62% of sales; exports to Europe 12%, US 16%, Others 10%.
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Sales Breakdown: Predominantly commercial vehicles (81%), passenger cars (10%), and off-highway vehicles (9%).
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Annual Production: 82,000 tonnes in FY25, up from 70,000 tonnes previous year.
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Financial Position: EBITDA margin improved in FY25 to 19.4% from 18.73% in FY24 despite sales volatility.
Key Management Commentary & Strategic Highlights
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Chairman and MD Vidyashankar Krishnan highlighted global economic uncertainties including geopolitical tensions, inflation, and trade tariffs impacting volumes and profitability.
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Emphasized focus on operational efficiencies, product innovation, and customer diversification to mitigate macroeconomic volatility.
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Greater emphasis on export markets with targeted expansions despite headwinds in US and Europe.
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Capital expenditure planned for expanding capacity and improving product portfolio alignment with premium segments.
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Ongoing efforts to strengthen supply chain resilience and cost controls for margin stability.
Q4 FY25 Earnings Results
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Revenue: ₹355 crores.
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PAT: ₹36 crores.
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EBITDA: ₹72 crores.
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EPS: ₹7.5.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.