MMP Industries posts record Q4FY26 PAT, revenue rises 19%
MMP Industries Limited achieved its highest quarterly PAT of ₹18.0 Cr in Q4FY26, a 66% YoY increase, supported by strong performance in Aluminium Powders and Foils. Full-year FY26 revenue grew 19% to ₹824.0 Cr, though annual PAT fell 20% to ₹31.0 Cr due to exceptional items and subsidiary ramp-up costs. The company forecasts FY27 growth of 13-15% for Powders and 15% for Foils, alongside strategic investments in solar energy and LT cables.

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MMP Industries Limited reported its highest ever quarterly financial performance for the period ended March 31, 2026, with Profit After Tax (PAT) rising 66% year-on-year (YoY) to ₹18.0 Cr. Total revenue for Q4FY26 stood at ₹249.7 Cr, a 12% increase compared to ₹223.1 Cr in Q4FY25, driven by healthy growth across the Powder and Foil segments and improved exports. The company announced its audited financial results for the fourth quarter (Q4FY26) and full fiscal year (FY26) on May 23, 2026, and filed the investor presentation with the National Stock Exchange of India Limited on May 25, 2026.
Consolidated Financial Performance
The company achieved strong operational metrics in Q4FY26, with EBITDA growing 17% YoY to ₹21.5 Cr and EBITDA margins expanding by 36 basis points to 8.6%. For the full year FY26, total revenue increased 19% YoY to ₹824.0 Cr. However, annual PAT declined 20% to ₹31.0 Cr, impacted by a net exceptional loss of ₹9.7 Cr and losses from newly incorporated wholly owned subsidiaries during their ramp-up phase.
| Particulars (₹ Cr) | Q4FY26 | Q4FY25 | YoY % | FY26 | FY25 | YoY % |
|---|---|---|---|---|---|---|
| Total Revenue | 249.7 | 223.1 | 12% | 824.0 | 691.9 | 19% |
| EBITDA | 21.5 | 18.4 | 17% | 66.3 | 64.9 | 2% |
| EBITDA Margin | 8.6% | 8.3% | 36 bps | 8.0% | 9.4% | -133 bps |
| PAT | 18.0 | 10.9 | 66% | 31.0 | 38.9 | -20% |
| PAT Margin | 7.2% | 4.9% | 234 bps | 3.8% | 5.6% | -185 bps |
Segment Performance and Operational Updates
Revenue growth was broad-based across key business segments. Aluminium Powders revenue for FY26 increased 15% YoY to ₹504 Cr, while Aluminium Foils revenue surged 39% YoY to ₹215.2 Cr. The Polymer Insulator segment generated ₹23 Cr in revenue compared to nil in the previous year. Management noted that despite an estimated revenue loss of ₹45 to ₹50 Cr due to an operational disruption at the Umred plant in Q1FY26, operations normalised in subsequent quarters.
The company provided guidance for FY27, expecting the Aluminium Powders division to deliver revenue growth of approximately 13% to 15% and the Aluminium Foils business to grow 15% YoY. Additionally, the strategic pilot initiative for LT cables at the Bhandara facility remains on track for a June 2026 launch. A ~7 MW group captive solar park is under development with a planned investment of ₹30 Cr, targeted for commissioning in H1FY27 to reduce power costs.
Historical Stock Returns for Mmp Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.35% | +1.40% | +11.63% | +10.11% | +8.20% | +194.15% |
When are the newly incorporated wholly owned subsidiaries expected to complete their ramp-up phase and turn profitable?
What is the projected revenue contribution from the new Polymer Insulator segment in FY27?
How will the commissioning of the 7 MW captive solar park in H1FY27 impact overall EBITDA margins?



























