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M M Forgings Results: Latest Quarterly Results & Analysis

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M M Forgings Ltd. 13 Feb 2026 17:37 PM

Q3FY26 Quarterly Result Announced for M M Forgings Ltd.

Castings & Forgings company M M Forgings announced Q3FY26 results

  • Revenue from operations: Rs 41,224.93 lakh against Rs 37,249.36 lakh during Q3FY25, change 11%.
  • PBT: Rs 2,606.91 lakh against Rs 3,854.85 lakh during Q3FY25, change -32%.
  • PAT: Rs 1,756.91 lakh against Rs 2,654.85 lakh during Q3FY25, change -34%.
  • EPS: Rs 3.64 for Q3FY26.

Result PDF

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

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

Industrial Products company M M Forgings announced FY24 results:

  • During the year, revenue from operations grew by 9% at Rs 1,553 crore, as against Rs 1,430 crore recorded in FY23.
  • Operating EBITDA for the first time crossed Rs 300 crore and stands at Rs 314 crore . against Rs 275 crore., thereby improving by 14% over the last year.
  • PBT for F24 grew by 13% at Rs 199 crore as compared to Rs 176 crore reported during the previous year.
  • PAT for the current year grew by 15% at Rs 145 crore as compared to Rs 126 crore reported during the year ended March 2023.
  • The Domestic sales, during the year stands at Rs 948 crore and Export sales is at Rs 563 crore Export sales grew by 15% during FY24.
  • In April 2024, the company completed 50 years of forging operations. To commemorate this golden jubilee year, the Company announces a 1:1 bonus issue of shares, subject to the approval of shareholders. This is the fourth bonus issue since going public. The earlier bonus issues were in the years 2005, 2008, and 2018. Further, to reward the shareholders on this occasion, the dividend is increased to Rs 8 per share.

Founder S. E. Krishnan said, " MM FORGINGS LIMITED, a leading forging manufacturer in India, focuses on achieving customer satisfaction through quality, timely deliveries, andcompetitive pricing. As a one-stop shop for domestic and international customers, MMF prioritizes "Forging Excellence" in product quality and stakeholder relationships.

As Chairman of MMF, I am excited to announce the company's 50thyear of Forging Excellence, highlighting its financial performance, capacity expansion, and value addition, as well as its operational excellence and board expansion.

I express my gratitude to my colleagues, customers, suppliers, financial institutions, the state and central government, and shareholders for their support, acknowledging the achievement of this milestone through the grace of the Almighty and the blessings of my Guru." 

Result PDF

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