MM Forgings Limited — Q1FY27 earnings call summary

Filed 21 August 2026 · Official transcript

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