MM Forgings
429.35
-19.30(-4.30%)
Market Cap₹2,072.97 Cr
PE Ratio25.04
IndustryAutomobiles
Company Performance:
1D-4.30%
1M-9.69%
6M+31.10%
1Y+21.42%
5Y+65.29%
View Company Insightsright
More news about MM Forgings
14Aug 25
MM Forgings Reports 6% Revenue Decline in Q1 Amid Market Headwinds
MM Forgings Limited reported a 6% year-on-year decline in Q1 total income to INR 358.00 crores. EBITDA decreased to INR 72.00 crores from INR 78.00 crores, while PAT fell to INR 22.00 crores from INR 32.00 crores. Production increased to 18,000 tons, but sales volume declined to 17,780 tons. The company operates at 60% capacity utilization. Domestic sales account for 60% of revenue, with exports at 40%. Commercial vehicles contribute 80% to sales. MM Forgings revised its full-year capex target to INR 150.00-200.00 crores. The company faces challenges including US market headwinds and potential tariffs but sees opportunities in Europe and the Far East markets.
 no imag found
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.
 no imag found
MM Forgings
429.35
-19.30
(-4.30%)
1 Year Returns:+21.42%
Industry Peers
Bosch
30,185.00
(-3.58%)
Bharat Forge
1,675.10
(-5.87%)
Schaeffler India
3,830.60
(-3.96%)
UNO Minda
1,013.20
(-5.18%)
Tube Investment
2,458.20
(-3.59%)
Endurance Technologies
2,403.40
(-2.32%)
ZF Commercial
13,604.00
(-2.63%)