MM Forgings Q1FY27 PAT Surges 373% to ₹91.66 Cr on Strong Revenue Growth
MM Forgings reported a strong Q1FY27 with total revenue up 16% to ₹427.01 crore. PAT surged 373% to ₹91.66 crore, including a ₹56.25 crore gain from land sale. EBITDA rose 16% to ₹82.33 crore. The company is set to commission a new 16,500-tonne press.
The substantial increase in PAT, coupled with revenue growth and strategic capacity expansion (new press), is expected to have a significant positive impact on investor confidence and the company's market position.
The company has reported significant year-on-year growth in revenue, EBITDA, PBT, and PAT, indicating strong operational and financial performance. The inclusion of an exceptional item further boosted the PAT, but the underlying operational growth is also positive.
MM Forgings Limited has announced its financial performance for the first quarter of FY27 (Q1FY27), showcasing significant growth across key metrics. The company's total revenue increased by 16% to ₹427.01 crore on a standalone basis and ₹426.76 crore on a consolidated basis, compared to Q1FY26.
EBITDA saw a rise of 16% to ₹82.33 crore (standalone) and 14% to ₹81.22 crore (consolidated). Profit Before Tax (PBT) grew by 30% to ₹36.30 crore standalone and 26% to ₹35.07 crore consolidated.
The most notable improvement was in Profit After Tax (PAT), which surged by 373% to ₹91.66 crore on a standalone basis and 375% to ₹90.42 crore on a consolidated basis. This substantial PAT growth includes an exceptional item of ₹56.25 crore (net of tax) from the sale of land near Oragadam.
The company's revenue mix shows a strong domestic contribution of 63% and export revenue at 37% for Q1FY27. The Chairman and Managing Director, Shri. Vidyashankar Krishnan, highlighted the company's focus on operational excellence, technology upgrades, and automation, while managing inflationary pressures. He also mentioned the upcoming commissioning of a 16,500-tonne press, expected to enhance capabilities and create export opportunities. The company maintains a healthy order pipeline and a diversified customer base, aiming for sustainable growth and long-term value creation.
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