MM Forgings Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
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MM Forgings has reported its unaudited results for the quarter and nine months ended December 31, 2025. Standalone revenue from operations rose modestly to ₹1,131.83 cr for 9M FY26 vs ₹1,122.20 cr a year ago, but PAT fell sharply to ₹65.80 cr from ₹100.06 cr. Q3 standalone revenue grew about 11% YoY to ₹403.94 cr, while Q3 PAT declined to ₹25.75 cr from ₹31.71 cr. EBITDA slipped to ₹218.69 cr (9M) from ₹243 cr, reflecting margin compression driven by higher finance costs (₹59.89 cr vs ₹46.13 cr) and depreciation. Consolidated revenue grew marginally to ₹1,160.22 cr, but consolidated PAT dropped to ₹53.33 cr from ₹88.57 cr. Export sales declined to ₹422.45 cr while domestic sales improved to ₹693.44 cr. Auditors issued an unmodified limited review opinion on both sets of results.
Earnings quality has weakened: despite steady top-line growth, profitability has taken a hit from rising finance costs and margin pressure, which may weigh on investor sentiment. The PAT decline of over 30% YoY on a 9-month basis is a clear negative signal, though revenue stability and an unmodified auditor opinion provide some reassurance.