MM Forgings Limited has informed the Exchange about Transcript

MM Forgings reported Q1 FY26 total income of INR 358 crores, down about 6% YoY from INR 375 crores, with EBITDA at INR 72 crores (18% margin excluding other income) and PAT falling to INR 22 crores from INR 32 crores, hurt by higher depreciation (INR 22.5 cr vs INR 19 cr) and finance costs (INR 18.3 cr vs INR 14.5 cr). Sales volumes slipped to 17,780 tons from ~20,000 tons in the prior quarter, and sales per ton fell from INR 206,000 to INR 192,000 due to a weaker product mix. Management indicated the next 6-9 months are likely to be flat versus last year, with order book visibility of INR 100-110 crores per month through October and possible improvement after that. Capex has been scaled back to INR 150-200 crores (from earlier INR 300 crores) to keep net term loans at the current ~INR 550 crores level, described as peak debt. The 16,000-ton press is expected to commission around March-April 2026, and the powertrain subsidiary's 3-wheeler parts are set to enter production from Q4 FY26.