MM Forgings Limited Reports FY26 Performance, Highlights Domestic Sales Growth and Green Energy Transition

MM Forgings Limited Reports FY26 Performance, Highlights Domestic Sales Growth and Green Energy Transition​

MM Forgings Limited has released its performance update for the financial year 2026, detailing the company’s operational stability and strategic growth initiatives amidst a mixed global economic environment. The company reported significant sales growth in key segments and outlined its commitment to achieving 100% sustainable power consumption.

During the fiscal year 2026, the company achieved substantial financial milestones. According to the performance highlights, Total Revenue for FY26 stood at ₹1,570Cr, with EBITDA reaching ₹300.37Cr. This marks the third consecutive year the company has crossed the ₹1,500Cr Total Revenue and ₹300Cr EBITDA marks.

In terms of sales composition, domestic sales grew by 9.5% for FY26, generating ₹986Cr, which constitutes 64% of the company's overall revenue. Export sales for FY26 were ₹543Cr, accounting for 36% of total sales, compared to ₹563Cr in FY25. Furthermore, the Board recommended an interim dividend of ₹4/- per share.

Financial Performance Summary​

The company's financial results provide a detailed look at the revenue and profitability across recent quarters and fiscal years.

The following tables present the key financial figures for MM Forgings Limited in ₹ Crores:

Consolidated Financial Highlights


Consolidated Financial Highlights (Alternate Data Set)

Operational Updates​

The Q4FY26 standalone financials showed several positive trends. Total Revenue from Operations in Q4FY26 was ₹413.33 Cr, marking a 15% increase compared to Q4FY25, and a 1.2% rise compared to the preceding quarter (Q3FY26). EBITDA increased by 1.2% year-over-year and showed a 7% jump from the previous quarter. The company also noted that interest cost declined by ₹2 Cr compared to the previous quarter, with further reductions anticipated in upcoming quarters.

Commitment to Sustainability​

MM Forgings Limited has initiated a major strategic transition toward achieving 100% green energy throughout FY26. The company commenced consuming green power from February 2026 through a long-term arrangement with captive power generating units. Management anticipates that this transition will significantly optimize power consumption and improve overall operational efficiency across all manufacturing facilities beginning from FY27, leading to visible enhancements in profitability margins.

Operationally, the company also confirmed that all its plants are certified with ISO 9001 / IATF 16949. Furthermore, the company aims to secure ISO 14001 and ISO 45001 certification by Q2FY27.

MMFL Stock Price Movement​

On Wednesday, MM Forgings Limited shares slipped by 2.22% to close at ₹460.8. The stock traded on a volume of 79,007 shares, reflecting the day's downward momentum in the auto components sector.