MM Forgings Limited has updated the exchange with their investor presentation for Q1F26 results
MMFL · price
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Awaiting price reaction for this filing.
MM Forgings has shared its Q1FY26 investor presentation showing a decline in both revenue and profitability. Standalone revenue fell to ₹348.81 cr from ₹368.52 cr in Q1FY25, while EBITDA dropped to ₹71.64 cr from ₹78.41 cr. Profit after tax declined sharply to ₹22.34 cr from ₹32.43 cr, a fall of around 31%. Export sales stood at ₹137 cr, contributing 40.2% of total revenue. Finance costs rose notably to ₹18.30 cr from ₹14.54 cr a year ago. Management described the environment as fragile, citing US tariff tensions, softer auto demand, and input cost pressures, though it remained cautiously optimistic on long-term growth.
The results are negative for shareholders, with a meaningful drop in profits driven by lower sales, rising interest and depreciation costs, and weak export momentum. The stock may face pressure in the near term given the margin contraction and cautious management tone, though focus on cost control could limit downside.