MM Forgings Limited — Important, 26-10-2024: General Updates

MM Forgings Limited reported steady performance in Q2FY25 despite a slowdown in the Indian automotive industry. Standalone revenue from operations was ₹389.43 crore, with a PAT of ₹35.93 crore. Notably, export sales increased by 18%, contributing 41% to overall sales. The Board approved the amalgamation of its wholly owned subsidiary, DVS Industries, aiming for operational efficiencies. The appointed date for the amalgamation is set for April 1, 2025.