MM Forgings Limited has informed the Exchange about Copy of Newspaper Publication for Q1F26 results
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Awaiting price reaction for this filing.
MM Forgings Limited has filed copies of newspaper publications of its unaudited consolidated financial results for the quarter ended 30 June 2025, as required under SEBI (LODR) Regulation 47. The results were published in Makkal Kural and Business Line. Total income from operations stood at Rs 369.40 crore, down from Rs 387.73 crore in Q1FY25, marking a year-on-year decline of about 4.7%. Net profit after tax fell sharply to Rs 19.19 crore, compared to Rs 30.11 crore in Q1FY25 and Rs 33.29 crore in Q4FY25, a drop of roughly 36% year-on-year. Basic EPS came in at Rs 3.97 versus Rs 12.47 in the same quarter last year. The company continues to operate in a single segment.
Weak quarter for MM Forgings with both revenue and profits declining meaningfully on a year-on-year basis, which could weigh on near-term investor sentiment and the stock price. Shareholders should note the sharp drop in EPS compared to Q1FY25.