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Earnings Call

M M Forgings Earnings Call: Key Takeaways

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.

Highlights
Revenue growthFY26 consolidated revenue grew 3.7% YoY to ₹1,605.62 Cr.
MarginsEBITDA margins expected to improve via green energy cost optimization.
Order bookManagement reports a healthy order pipeline for future growth.
Demand visibilityEncouraging demand across key segments with improving export enquiries.
Management confidenceHigh; citing healthy order pipeline and diversified customer relationships.

Growth

FY26 Consolidated Revenue up 3.7% YoY to ₹1,605.62 Cr; Standalone PAT grew to ₹113.86 Cr.

Outlook

Ongoing capacity augmentation and 100% green energy transition from Feb 2026 to drive operational efficiency.

Risks

Geopolitical conflicts, trade policy changes, and commodity market volatility remain primary headwinds.

Source

Earnings Call filed with BSE, NSE: MMFL. Summary written with AI assistance from the document.

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M M Forgings Ltd: key numbers

Share price
₹616.15
Market cap
₹2,975 Cr
Revenue (annual)
₹1,590 Cr
Net profit (annual)
₹98.67 Cr
P/E (TTM)
17.6×Sector 53.6×
Promoter holding
56.34%+0.00% QoQ
FII holding
2.44%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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20:23 IST BSE
Financial Results

M M Forgings Q4 FY26 Results: Net Profit ₹44.7 Cr, Up 41.5% YoY

M M Forgings Ltd reported revenue from operations of ₹429 Cr (+16.1% YoY) and net profit of ₹44.7 Cr (+41.5% YoY) for Q4 FY26.

Key figure
Net profit ₹44.7 Cr · +41.5% YoY