MM Forgings Limited has informed the Exchange that Board of Directors at its meeting held on May 27, 2026, declared Interim Dividend of Rs. 4 per equity share.
MMFL · price
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MM Forgings Limited reported audited standalone financial results for FY26 (year ended March 31, 2026). Revenue from operations grew 4.5% to Rs. 1,52,859.07 lakhs from Rs. 1,46,271.25 lakhs. However, profit after tax declined 16.8% to Rs. 11,331.22 lakhs from Rs. 13,624.27 lakhs in FY25. EPS dropped to Rs. 23.58 from Rs. 28.23. Finance costs increased significantly by 27.6% to Rs. 7,820.09 lakhs from Rs. 6,129.39 lakhs. The Board declared an interim dividend of Rs. 4 per equity share (40%) with record date June 12, 2026, and payment by June 24, 2026. Statutory auditors issued an unmodified opinion. The company is engaged in a single segment (forgings), and a proposed merger with wholly-owned subsidiary DVS Industries Private Limited is awaiting NCLT approval.
The stock may face pressure due to profit decline and margin compression despite modest revenue growth. Higher finance costs indicate increased debt burden. However, the interim dividend and positive operating cash flow of Rs. 24,175.81 lakhs provide some support to investor sentiment.