MM Forgings Limited has informed the Exchange about Investor Presentation for Q4FY26 and FY26
MMFL · price
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MM Forgings reported FY26 revenue of ₹1,570 crore, crossing the ₹1,500 crore mark for the third consecutive year, with domestic sales growing 9.5% to ₹986 crore (64% of total). However, profitability declined YoY with EBITDA at ₹300 crore (vs ₹324 crore in FY25) and PAT at ₹114 crore (vs ₹136 crore), indicating margin pressure. Q4FY26 showed sequential improvement with revenue up 15% YoY to ₹417 crore and PAT jumping 33% to ₹48 crore, partly helped by ₹9 crore tax credit. Interest costs reduced by ₹2 crore in Q4 with further reductions expected. The company has transitioned to 100% green energy from February 2026 and expects improved operational efficiency from FY27. The Board has recommended interim dividend of ₹4 per share.
The stock may see mixed reaction as revenue growth is offset by margin compression - FY26 EBITDA margin declined to 19.1% from 21.5% in FY25. However, Q4 sequential recovery, lower debt costs, and upcoming green energy savings could provide near-term support. The healthy order pipeline mentioned by the Chairman suggests revenue visibility remains intact.