MM Forgings Ltd (BOM:522241)

Q3 2026 MM Forgings Ltd Earnings Call Transcript

Feb 17, 2026 / 06:30 AM GMT

Release Date Price: ₹458.55 (+3.71%)

Transcript

Key Points

Positve

Sales grew by 11.3% year-over-year, with a sequential improvement of 7% in Q3.
Export markets, particularly the USA, showed signs of recovery, contributing positively to the outlook.
The company is confident of delivering industry-leading volume growth and improving margins through a richer product mix and cost-cutting initiatives.
Significant investments in capacity and strategic market mix improvements are expected to enhance shareholder value.
Efforts to reduce interest costs and power expenses are projected to save approximately 40-45 crores in FY27.

Negative

Gross margins declined due to changes in product and geographical mix, along with increased power and labor costs.
Finance costs increased by approximately 30% year-over-year, impacting the benefits of revenue growth.
The product mix shift from machined components to forged components has led to a decrease in margins.
The new 16,500-ton press is not expected to contribute significantly to revenue until FY29.
The company faces challenges in the domestic market due to competitive pricing pressures, affecting profitability.

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

MMFO.NS - MM Forgings Ltd
Q3 2026 MM Forgings Ltd Earnings Call
Feb 17, 2026 / 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 the MM Forings Limited Q3 FY26 post Reserves earnings conference call hosted by Bliwala and Karani Securities India 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 this conference call, please signal an operator by pressing, then 0 on your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Dinesh Kumar from BNK Securities.

Thank you and over to you, sir.

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Unidentified_2 [2]

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