MM Forgings reported its audited financial results for the year ended March 31, 2026, with revenue from operations rising to ₹1,570.05 crore from ₹1,506.51 crore in the previous year. Net profit for the year stood at ₹113.86 crore, compared to ₹136.29 crore in FY25. The board approved the standalone and consolidated financial results at a meeting held on May 27, 2026.

Financial Performance

The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the year was ₹300.37 crore, a decrease from ₹323.72 crore in the prior year. Profit before tax for FY26 was ₹129.96 crore, down from ₹179.98 crore in FY25. The statutory auditors, M/s G. Ramesh Kumar & Co., issued an unmodified opinion on the financial statements.

Dividend Declaration

The board of directors declared an interim dividend of 40%, or ₹4 per equity share, subject to the approval of shareholders. The record date for determining shareholder eligibility is June 12, 2026, and the dividend will be paid on or before June 24, 2026. This announcement was made pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), 2015.

Key Financial Metrics

The following table summarises the standalone financial performance for FY26:

Operational Highlights

FY26 domestic sales grew by 9.5% to ₹986 crore, contributing 64% to the company's overall revenue. Export sales for FY26 were ₹543 crore, contributing 36% of overall sales. The company has embarked on a strategic transition towards 100% green energy during FY26, reinforcing its commitment to environmentally responsible and sustainable operations.

Borrowings and Compliance

MM Forgings disclosed that its outstanding qualified borrowings at the end of FY26 were ₹504.08 crore, with incremental qualified borrowings of ₹6.07 crore during the year. The company confirmed it is not classified under the LC category as defined by SEBI regulations. The proposed merger with its wholly-owned subsidiary, DVS Industries Private Limited, is currently awaiting orders from the National Company Law Tribunal (NCLT).

M M Forgings has scheduled a meeting of its Board of Directors for Wednesday, 27 May 2026. The primary agenda for the meeting is to consider and approve the audited standalone and consolidated financial results of the company for the quarter and year ended 31 March 2026. Additionally, the board will consider and approve the declaration of dividend, if any, during this meeting.

Board Meeting Agenda

The meeting will be held pursuant to Regulation 29(1) of the SEBI LODR Regulations. In addition to the financial results and potential dividend declaration, the board will discuss any other matters that may be specified in the agenda.

Trading Window Closure

The company has announced that the trading window is closed from 01 April 2026 to 30 May 2026. This measure applies to all “specified persons” and is intended to prevent trading in the company’s equity shares during the period leading up to the approval of the audited financial results. The initial intimation regarding this closure was made by the company on 26 March 2026.