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MM Forgings Limited — Q1FY27 Earnings Call Summary
Key Takeaways
- Capacity utilization rising; targeting 1 lakh+ tons annual run rate in FY27
- Export mix stable; US market share ~18%, expected to grow slightly
- Capex INR150 Cr in FY27; includes 16,500 ton press commissioning in Q4
- Q1 FY27 net sales INR427 Cr (+16% y-y); EBITDA INR75 Cr (18% margin); PBT +30% y-y
- EBITDA margin target 20%+ with 1-2% improvement potential
- FY27 revenue guidance INR1,800-1,900 Cr (~18% growth)
- Freight costs up due to geopolitical issues; other expenses rise 35% y-y
- Machining mix steady at 65-68%; INR1,100 Cr invested in machining over 10 years
- Working capital reduction underway using AI tools to optimize inventory
- Focus on growth in domestic, US, Europe, and hyperscaler segments
📄 Source: View original transcript (PDF)
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Summary generated by AI from the official transcript filed on BSE/NSE. Not investment advice.