Announced Fri, 21 Aug, 2026 · 17:46 IST
MM Forgings Q1 FY27: revenue up 16%, guides 18% growth for FY27
Mgmt Guided Margin ImprovementOrder Pipeline DisclosedAnalyst Day Multiyear TargetsCfo Debt Reduction RoadmapInvestor Communications View source PDFExplain this filing
MMFL · price
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Price reaction · full curve 14 horizons · vs prior close
-3.2%1-day move
₹651.00
prior close
₹655.85
base price
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AI summary
MM Forgings Q1 FY27 net sales INR427 crores, up 16% YoY. EBITDA INR82 crores at 18% margin, PBT up 30% (excludes INR60 crores one-time land sale gain). Guides FY27 revenue INR1,800-1,900 crores, about 18% growth. Volume to cross 90,000 tons this year, targeting 1 lakh ton next year. Capex INR150 crores planned. Maintains INR3,000 crores revenue target by FY30, QIP under consideration. Plants running full from July. US momentum strong, machining mix at 67%.
Likely market impact
Strong Q1, 18% FY27 growth guidance and INR3,000 crores FY30 target signal robust outlook. Land sale boosts one-time earnings.