MM Forgings Ltd (BOM:522241)

Q2 2026 MM Forgings Ltd Earnings Call Transcript

Nov 17, 2025 / 06:30 AM GMT

Release Date Price: ₹309.1 (+2.37%)

Transcript

Key Points

Positve

MM Forgings Ltd (BOM:522241) expects a rebound in the Class A truck market in the US, which should improve sales from November onwards.
The company has an order book of around 300 crores, with expectations to realize about 200 crores in FY27.
The EV subsidiary, Abinavarizal, is making progress with new motor designs and has secured sample orders from a customer.
The company is commissioning the world's largest hot forging mechanical press, expected to add around 300 crores to turnover.
Efforts are being made to convert debt into foreign currency loans to reduce interest costs, potentially saving 12 crores annually.

Negative

Sales to the North American market have dropped significantly from 16% to 9% due to a slowdown in the Class A truck market.
EBITDA margin has decreased from 21% to 19% compared to the previous period.
The company faces challenges with inventory pile-up at customer ends, affecting sales.
There is a delay in the commercialization of the EV subsidiary's products due to supply chain disruptions.
The company is experiencing increased employee and power costs, impacting gross margins.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MMFO.NS - MM Forgings Ltd
Q2 2026 MM Forgings Ltd Earnings Call
Nov 17, 2025 / 06:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to MM Forgings Limited Q2 FI26 post results conference call hosted by Bali Vila and Karani Securities and their Private Limited.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your attach your own phone.

Please note that this conference is being recorded.

I now have the conference over to Mr. Dinesh Kumar from Bahati Balan Kaani Securities India Private Limited.

Thank you and over to you, sir.

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