MM Forgings Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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MM Forgings Limited has reported audited standalone financial results for FY26 ending March 31, 2026. Revenue from operations grew by 4.5% to ₹1,52,859.07 lakhs from ₹1,46,271.25 lakhs in FY25. However, profit after tax declined by 16.8% to ₹11,331.22 lakhs from ₹13,624.27 lakhs in the previous year, primarily due to higher finance costs (₹7,820.09 lakhs vs ₹6,129.39 lakhs) and increased employee expenses. EPS stood at ₹23.58 for FY26 compared to ₹28.23 in FY25. The Board declared an interim dividend of ₹4 per equity share (40%). Statutory auditors issued an unmodified (clean) opinion on the results. A proposed merger with wholly-owned subsidiary DVS Industries Private Limited is pending NCLT approval.
The stock may see mixed reaction as revenue growth is modest while profitability declined significantly year-on-year. However, the clean audit opinion and dividend payout provide some comfort to investors.