MM Forgings Limited has released the audio recording of its analyst and investor conference call held on March 5, 2026, providing stakeholders access to detailed discussions about the company's Q3FY26 financial performance. The call was conducted as part of the Auto Ancillaries Virtual Investor Conference organized by Emkay Global Financial Services Limited.

Conference Call Details

The investor conference call focused on MM Forgings' unaudited financial results for the quarter and nine-month period ended December 31, 2025. The company has made the complete audio recording available through its official website to ensure transparency and broader accessibility for investors and analysts who may have missed the live session.

Regulatory Compliance

The audio recording release forms part of MM Forgings' compliance obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has formally notified both the National Stock Exchange of India Limited and Bombay Stock Exchange Limited about the availability of the recording, ensuring adherence to disclosure requirements.

Access Information

The complete audio recording has been made available on the company's official website under the institutional meet section. This initiative demonstrates MM Forgings' commitment to maintaining transparency with its investor community and providing comprehensive access to financial discussions and management insights shared during the conference call.

The financial results discussed in the call were previously approved during the Board Meeting held on February 13, 2026, covering the company's performance for the third quarter and nine-month period of the current fiscal year.

MM Forgings Limited has released the official transcript of its Q3FY26 post-results earnings conference call held on February 17, 2026, providing detailed insights into the company's performance and strategic outlook. The automotive forging company demonstrated resilience with stable operational performance amid challenging global economic conditions.

Conference Call Highlights and Management Commentary

Chairman and Managing Director Vidyashankar Krishnan highlighted the company's reasonably good quarter performance, with sales growing 11.3% year-on-year and sequential improvement of 7% in Q3. The growth was primarily driven by volume improvements of approximately 3% compared to Q3FY25, along with positive changes in average sales realization.

Export Market Recovery and US Outlook

The management reported encouraging signs in export markets after weakness in the first eight months of the year. The US market showed sequential improvement with customers returning after running down inventory levels. Management expects partial impact in Q4FY26 with full benefits materializing from Q1FY27 onwards as new production programs commence.

Europe registered healthy improvement in product mix, resulting from market share gains and new program launches. The company anticipates ₹50-75 crore increase in sales from export recovery, particularly from the US Class 8 truck segment.

Cost Management and Interest Reduction Strategy

MM Forgings announced significant cost reduction initiatives, particularly targeting interest expenses. The company implemented interest rate swaps shifting term loans from rupee to euro, expecting to reduce interest costs from the current ₹80 crore run rate to ₹55 crore in FY27.

Additional cost savings include ₹15 crore reduction in power costs through transition to green energy and operational efficiency improvements. Combined with other initiatives including PNG adoption, the company targets ₹40-45 crore total savings.

Capacity Expansion and Future Growth

The company's 16,500-ton press commissioning is progressing with expected commercial production by March-April 2026. While immediate revenue contribution will be minimal in FY27, the press offers ₹300 crore revenue potential over 2-3 years. Current year capex stands at ₹137 crore of planned ₹175 crore, with FY27 capex projected at ₹150-170 crore.

Management expressed confidence in delivering ₹300 crore revenue growth in FY27 from existing capacity, driven by domestic CV market recovery, export improvements, and new product launches including crankshafts for passenger vehicle customers.

Production Mix and Regulatory Compliance

The company maintained its product mix with forging at 47% and machining at 53% for nine months FY26, compared to 42% forging and 58% machining in the corresponding previous period. Management expects machining mix to improve as most new orders are machining-focused.

MM Forgings fulfilled regulatory obligations under SEBI LODR Regulation 30 by releasing the conference call transcript on February 19, 2026, ensuring transparency for stakeholders and maintaining compliance with stock exchange requirements.