M M Forgings (522241) Q4 98/99 earnings summary
Event summary combining transcript, slides, and related documents.
Q4 98/99 earnings summary
16 Oct, 2026Executive summary
FY99 sales rose 18% YoY and PAT rose 26%; export growth offset recession-driven weakness in domestic automotive demand.
Recommended dividend of 40%; QS 9000 certification was secured and ISO 9002 certification renewed for a fifth successive year.
Financial highlights
Sales were Rs 6,042.14 lakh vs Rs 5,127.69 lakh; PBT was Rs 567.51 lakh vs Rs 435.06 lakh, and PAT was Rs 529.35 lakh vs Rs 419.36 lakh.
Export sales reached Rs 3,964.40 lakh vs Rs 3,091.12 lakh; total exports were 66% of sales, up 28% YoY.
Net cash from operating activities was Rs 622.59 lakh vs Rs 268.97 lakh; closing cash and cash equivalents were Rs 38.42 lakh.
Outlook and guidance
Total Productive Maintenance was initiated to target certification by Japan Institute of Productivity Maintenance; productivity and material-use improvements remained ongoing.
Y2K compliance for computer and IT systems was scheduled for August 1999.
Latest events from M M Forgings
- Export growth offset automotive weakness, lifting FY98 sales and profit after tax.522241
Q4 97/98 - Domestic growth lifted results as exports stayed flat and capacity investment advanced.522241Q4 02/03
- Exports powered FY97 growth as sales rose 47% and production expansion was planned.522241Q4 96/97
- Sales +17%, PAT +23%; capacity expansion targeted to reach 20,000 tonnes by March 2001.522241Q4 99/00
- Exports drove performance as PAT rose despite lower sales; capacity expansion continued.522241Q4 00/01
- Export growth lifted sales, while profit fell and expansion plans advanced.522241Q4 01/02
- Sales grew 8.2% as export-led growth and capacity expansion met rising cost pressures.522241Q4 07/08
- Sales topped Rs. 100 crore as steel-cost pressure challenged export growth.522241Q4 03/04
- Sales and PAT surged as capacity expanded, but steel inflation pressured export competitiveness.522241Q4 04/05