)
M M Forgings (522241) investor relations material
M M Forgings Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Sales grew 11.3% year-over-year and 7% sequentially in Q3 FY 2026, driven by volume growth, improved sales realization, and export recovery, especially in the U.S. and Europe, despite global volatility and tariff uncertainties.
Management expects a strong revenue outlook for FY 2027, supported by domestic CV market recovery, new product launches, and cost control measures.
Focus on operational efficiency, innovation, and cost optimization supported margins and business continuity.
Maintained a robust balance sheet and long-term strategic outlook to capitalize on emerging opportunities.
Abhinava Rizel (EV subsidiary) is close to customer acquisition, with a cash burn rate of about INR 1 crore/month and plans to expand product offerings.
Financial highlights
Standalone revenue from operations for YTD Dec FY'26 was ₹1,131.83 crore, up from ₹1,122.20 crore in YTD Dec FY'25.
Gross margin for Q3 FY 2026 increased to 56.34% from 53.57% in Q3 FY 2025.
Standalone EBITDA for YTD Dec FY'26 was ₹218.69 crore, down from ₹243 crore in YTD Dec FY'25.
Standalone PAT for YTD Dec FY'26 was ₹65.80 crore, compared to ₹100.06 crore in YTD Dec FY'25.
Consolidated revenue from operations for YTD Dec FY'26 was ₹1,160.22 crore, with EBITDA at ₹214.12 crore.
Outlook and guidance
Management targets at least INR 300 crore revenue growth in FY 2027, with 15-20% overall growth expected, driven by both domestic and export markets.
Gross margins and EBITDA margins are expected to improve in FY 2027, supported by cost savings in interest and power.
CapEx for FY 2027 is planned at INR 150-170 crore, with a focus on automation, productivity, and cost reduction.
The 16,500-ton press is expected to reach full revenue potential (INR 300 crore) in 2-3 years.
The company remains well-positioned to deliver sustainable value, supported by a robust balance sheet and a clear long-term strategic outlook.
Next M M Forgings earnings date
Next M M Forgings earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)