MM Forgings
MM Forgings delivered strong Q2 volume growth but faces execution risks with a delayed heavy press and rising debt.
ALFA Concalls
Every earnings call, live and summarised
Earnings calls
Every MM Forgings earnings call we streamed: the live audio and our summary of what management said.
MM Forgings delivered strong Q2 volume growth but faces execution risks with a delayed heavy press and rising debt.
MM Forgings delivered strong Q2 volume growth but faces execution risks with a delayed heavy press and rising debt.
Management targets ₹2,000 Cr revenue for FY27 and ₹2,400-₹2,500 Cr for FY28.
MM Forgings delivered robust Q1 revenue growth of 16% YoY, driven by strong US CV market demand and a higher machining mix, though reported PAT was significantly inflated by a one-time ₹64 Cr land sale gain.
MM Forgings delivered record annual revenue of ₹1,570.05 Cr in FY26, driven by 9.5% domestic growth. The company is transitioning to 100% green energy to optimize costs and enhance margins from FY27.
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.