MM Forgings Limited has informed the Exchange regarding Board meeting held on February 13, 2026.
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The Board of MM Forgings approved unaudited standalone and consolidated financial results for the quarter ended 31 December 2025, with an unmodified (clean) opinion from statutory auditors G Ramesh Kumar & Co. Standalone revenue from operations grew about 11% year-on-year to ₹403.94 crore in Q3 FY26, but profit after tax fell to ₹25.75 crore from ₹31.71 crore a year ago, a decline of roughly 19%. For the nine months ended December 2025, standalone revenue rose marginally to ₹1,131.83 crore, while EBITDA slipped to ₹218.69 crore from ₹243 crore and PAT dropped sharply to ₹65.80 crore from ₹100.06 crore, down about 34%. Consolidated PAT for the nine-month period also fell to ₹53.33 crore from ₹88.57 crore, with finance costs rising notably to ₹59.89 crore from ₹46.13 crore. The Chairman cited global trade uncertainties and tariff-related softness in exports as headwinds, while highlighting domestic growth and operational efficiencies as support.
Despite a small uptick in revenue, sharply lower profitability and contracting EBITDA margins point to cost pressure, particularly from higher finance and depreciation charges. This mixed quarterly performance is likely to be viewed negatively by investors, especially given the steep fall in earnings per share (₹5.33 vs ₹6.57 in Q3 FY25).