MM Forgings Reports 6% Revenue Decline in Q1 Amid Market Headwinds Aug 14, 2025
More news about MM Forgings
06Aug 25
MM Forgings Reports Q1 Results: Revenue Dips Amid Challenging Global Economic Conditions
MM Forgings Limited announced Q1 financial results showing a decline in revenue and profit. Standalone revenue decreased 6.3% to ₹341.37 crore, while profit after tax fell 31.1% to ₹22.34 crore. Export sales contributed 40.2% of overall sales at ₹137.00 crore. The commercial vehicle segment dominated sales at 52.6%. Despite challenges, the company maintained a strong EBITDA of ₹71.64 crore. Management cited global economic volatility, geopolitical dynamics, and softer demand in the Indian automotive industry as key factors affecting performance.