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MM Forgings posted strong Q1 FY27 results: Net Sales up 16% to 427 Cr, EBITDA up 16% to 82 Cr (18% margin). A 60 Cr one-time land sale profit was excluded. Domestic sales were 63.5%, exports 36.5%, driven by U.S. commercial vehicles and robust Indian auto markets. FY27 turnover target is 1,800-1,900 Cr.
Management expects capacity utilization to grow, targeting 90,000+ tons this year and 100,000-110,000 tons next, supported by 150 Cr capex in machining and forging. Automation investments are tripling. EBITDA margins are targeted at 20%+, with AI-driven working capital reduction a focus. Opportunities in hyperscaler businesses are emerging. The company projects sustained growth and operational efficiency.