MM Forgings Limited — Important, 03-02-2025: General Updates

**Financial Highlights:** MM Forgings Limited reported YTD revenue of ₹1,143.35 Cr., enduring a tough automotive sector, with export sales increasing by 9% to ₹440.30 Cr., now making up 39.7% of total sales. Operating EBITDA rose by 6% to ₹242.97 Cr. despite market challenges.

**Strategic Initiatives and Growth Drivers:** The company maintains focus on product development and customer satisfaction, striving for high-quality output and timely deliveries. This strategy aims to bolster resilience amid a subdued demand outlook and inflationary pressures.

**Business Developments:** The board has approved the appointment of Smt. Shyamala S as a woman Independent Director, effective March 31, 2025. She brings 24 years of experience in the IT sector to the role, subject to shareholder approval.

**Market Position and Competitive Advantage:** Although the automotive industry faces ongoing challenges due to geopolitical tensions and inflation, MM Forgings' commitment to quality and innovation positions it favorably to navigate these challenges.

**Investor Implications:** While the current economic climate poses risks, the company's export growth and strategic initiatives suggest a positive outlook for sustained recovery and potential growth opportunities. Investors should continue to watch closely for further developments.