MM FORGINGS LTD

During the earnings conference call held on August 17, 2026, management reported a significant improvement in MM Forgings Limited's performance for Q1 FY27, with total net sales reaching INR 427 crores, up from INR 369 crores in the same quarter last year. EBITDA also increased by 16% to INR 82 crores, while profit before tax (PBT) grew by 30%. The company noted strong demand in both domestic and export markets, particularly in the U.S. and commercial vehicle sectors. Management indicated that domestic sales accounted for 63.5% of total sales, with exports making up 36.5%. They set a goal of achieving a turnover of INR 1,800 to 1,900 crores for the fiscal year, supported by ongoing investments in machining capabilities. The management also discussed plans for debt reduction and the impact of rising costs on margins, while emphasizing the importance of operational efficiency and productivity improvements.

Management highlighted strong growth and positive market conditions.