MM Forgings Quarterly Results

Charts

YoY Net Sales (Quarterly)

Operating Margin

EPS Growth

POSITIVES

Revenue growth of 7.9% in Q3 2023 compared to Q2 2023 indicates strong market demand.
Net profit margins improved to 8.8% in Q3 2023, reflecting better cost management.
Operating profit margin increased to 11.3% in Q3 2023, showcasing operational efficiency.

NEGATIVES

Expenses rose by 4.5% in Q3 2023, affecting overall profitability.
Net profit declined to ₹31.91 crore in Q3 2023 from ₹36.20 crore in Q4 2023, indicating potential challenges ahead.
EPS dropped significantly to ₹6.61 in Q3 2023, raising concerns about future earnings growth.

Field	Mar 23	Jun 23	Sep 23	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25
Revenue	388.30	370.17	396.65	398.75	397.49	382.19	398.26	374.09	370.64	361.64
Expenses	318.77	304.74	322.11	323.43	319.96	309.07	321.31	300.96	297.76	298.33
Operating Profit	69.53	65.44	74.54	75.32	77.54	73.12	76.95	73.13	72.88	63.31
Other Income	4.71	5.25	4.09	5.40	6	5.54	7.12	3.52	6.47	7.75
Interest	7.25	9.61	8.74	10.94	13.27	14.54	16.11	15.49	13.66	18.30
Depreciation	20.51	20.83	20.76	21.01	20.21	22.01	23.04	22.65	25.56	25.07
Profit Before Tax	46.48	40.25	49.12	48.77	50.05	42.12	44.92	38.51	40.13	27.69
Tax	15.85	11.25	14.25	15.34	13.61	12.01	13	12	6.85	8.50
Net Profit	30.63	29	34.87	33.42	36.45	30.11	31.91	26.51	33.27	19.19
Eps in Rs	12.75	12.01	14.69	13.90	15.35	12.47	6.61	5.50	6.90	3.97