MM Forgings Limited — Investor Meet, 14-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

MM Forgings' Q1 FY26 results show total income at INR 358 Cr (down 6% YoY) and PAT at INR 22 Cr (down from INR 32 Cr), affected by higher depreciation and finance costs. Sales volumes were 17,780 tons, with sales per ton at INR 0.0192 Cr due to product mix. EBITDA margin stood at 18%.

The company anticipates volatility from US tariffs impacting exports but aims to maintain domestic sales. New capacity ramp-up faces delays, but projects are secured, with an INR 800 Cr revenue delta expected in 3-5 years. The 16,000-ton press is slated for commissioning by Q1 FY27. Management is focused on cost control and consolidating growth amidst global challenges, confident in overcoming headwinds through resilience and new product development.