MM Forgings Limited — Results, 03-02-2025: Integrated Filing- Financial

MM Forgings Limited has reported a standalone revenue from operations of ₹1,143.35 crore for the year-to-date period ending December 2024, reflecting a modest growth in export sales, which rose by 9% to ₹440.30 crore. Despite a challenging market environment, the EBITDA increased 6% year-on-year to ₹242.97 crore. The company faces rising interest costs due to higher borrowings, impacting profit before tax and profit after tax compared to the previous year.

In governance updates, the Board appointed Smt. Shyamala S as a woman independent director, effective March 31, 2025, enhancing diversity at the leadership level. This strategic move suggests a commitment to robust corporate governance and may positively influence investor sentiment and support the company's broader objectives.