On consolidated basis
Quarter ended June 2026 compared with Quarter ended June 2025.
Net sales (including other operating income) of M M Forgings has increased 16.27% to Rs 420.48 crore. Operating profit margin has jumped from 17.51% to 17.82%, leading to 18.35% rise in operating profit to Rs 74.94 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 45.25% to 40.89%. Employee cost increased from 11.30% to 12.27%. Other expenses rose from 25.75% to 28.93%. Power and Oil fuel cost rose from 9.74% to 10.38%. Other income fell 18.97% to Rs 6.28 crore. PBIDT rose 14.28% to Rs 81.22 crore. Provision for interest fell 11.09% to Rs 16.27 crore. PBDT rose 23.08% to Rs 64.95 crore. Provision for depreciation rose 19.14% to Rs 29.88 crore. Profit before tax grew 26.65% to Rs 35.07 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 0.9 crore, compared to Rs 8.5 crore. Effective tax rate was 0.99% compared to 30.70%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 371.18% to Rs 90.42 crore. Promoters’ stake was 56.34% as of 30 June 2026 ,compared to 56.34% as of 30 June 2025 .
Full year results analysis.
Net sales (including other operating income) of M M Forgings has increased 4.24% to Rs 1589.87 crore. Operating profit margin has declined from 19.41% to 17.61%, leading to 5.43% decline in operating profit to Rs 279.98 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 43.36% to 42.09%. Employee cost increased from 10.64% to 11.67%. Other expenses rose from 26.57% to 27.76%. Power and Oil fuel cost rose from 9.03% to 9.78%. Other income fell 31.08% to Rs 15.61 crore. PBIDT fell 7.26% to Rs 295.59 crore. Provision for interest rose 30.79% to Rs 78.2 crore. Loan funds rose to Rs 1,073.76 crore as of 31 March 2026 from Rs 1,051.38 crore as of 31 March 2025. Inventories declined from Rs 341.69 crore as of 31 March 2025 to Rs 334.06 crore as of 31 March 2026. Sundry debtors were higher at Rs 456.62 crore as of 31 March 2026 compared to Rs 352.32 crore as of 31 March 2025. Cash and bank balance rose to Rs 225.49 crore as of 31 March 2026 from Rs 217.94 crore as of 31 March 2025. Investments rose to Rs 9.84 crore as of 31 March 2026 from Rs 3.84 crore as of 31 March 2025 . PBDT fell 16.04% to Rs 217.39 crore. Provision for depreciation rose 10.57% to Rs 103.12 crore. Fixed assets increased to Rs 1,438.01 crore as of 31 March 2026 from Rs 1,347.77 crore as of 31 March 2025. Profit before tax down 31.03% to Rs 114.27 crore. Share of profit/loss were nil in both the periods. Extraordinary items were increased to Rs 0.55 crore. Provision for tax was expense of Rs 16.15 crore, compared to Rs 43.87 crore. Effective tax rate was 14.07% compared to 26.47%. Minority interest was nil in both the periods. Net profit attributable to owners of the company decreased 19.03% to Rs 98.67 crore. Equity capital stood at Rs 48.28 crore as of 31 March 2026 to Rs 48.28 crore as of 31 March 2025. Per share face Value remained same at Rs 10.00. Promoters’ stake was 56.34% as of 31 March 2026 ,compared to 56.34% as of 31 March 2025 . Cash flow from operating activities increased to Rs 229.69 crore for year ended March 2026 from Rs 181.62 crore for year ended March 2025. Cash flow used in acquiring fixed assets during the year ended March 2026 stood at Rs 189.36 crore, compared to Rs 402.74 crore during the year ended March 2025. Other highlights
Exceptional Item of Rs 56.25 Crore (net of
tax) for the quarter ended June 30, 2026, represents profit arising from the sale
of assets during Q1 FY27. This pertains to sale of land near Oragadam, Chennai
during Q1FY27.
| M M Forgings : Consolidated Results | | | Quarter ended | Year ended |
|---|
| Particulars | 202606 | 202506 | Var.(%) | 202603 | 202503 | Var.(%) |
|---|
| Net Sales (including other operating income) | 420.48 | 361.65 | 16.27 | 1,589.87 | 1,525.18 | 4.24 | | OPM (%) | 17.82 | 17.51 | 31 bps | 17.61 | 19.41 | -180 bps | | OP | 74.94 | 63.32 | 18.35 | 279.98 | 296.07 | -5.43 | | Other Inc. | 6.28 | 7.75 | -18.97 | 15.61 | 22.65 | -31.08 | | PBIDT | 81.22 | 71.07 | 14.28 | 295.59 | 318.72 | -7.26 | | Interest | 16.27 | 18.30 | -11.09 | 78.20 | 59.79 | 30.79 | | PBDT | 64.95 | 52.77 | 23.08 | 217.39 | 258.93 | -16.04 | | Depreciation | 29.88 | 25.08 | 19.14 | 103.12 | 93.26 | 10.57 | | PBT | 35.07 | 27.69 | 26.65 | 114.27 | 165.67 | -31.03 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 35.07 | 27.69 | 26.65 | 114.27 | 165.67 | -31.03 | | EO Income | 56.25 | 0 | - | 0.55 | 0.06 | 816.67 | | PBT after EO | 91.32 | 27.69 | 229.79 | 114.82 | 165.73 | -30.72 | | Taxation | 0.9 | 8.5 | -89.41 | 16.15 | 43.87 | -63.19 | | PAT | 90.42 | 19.19 | 371.18 | 98.67 | 121.86 | -19.03 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | | Net profit | 90.42 | 19.19 | 371.18 | 98.67 | 121.86 | -19.03 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 90.42 | 19.19 | 371.18 | 98.67 | 121.86 | -19.03 | | EPS (Rs)* | 7.08 | 3.97 | 78.06 | 20.32 | 25.23 | -19.45 | | | * EPS is on current equity of Rs 48.28 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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