MM Forgings Q3 PAT Jumps 45% QoQ to ₹25.75 Cr; Revenue Up 11% YoY
MM Forgings Limited reported a sequential recovery in Q3 FY26, with Net Profit rising 45.4% to ₹25.75 crore compared to the previous quarter. Revenue from operations grew 9% QoQ and 11.4% YoY to reach ₹403.94 crore. However, on a year-on-year basis, the quarterly Net Profit is down 18.8% from ₹31.71 crore. The nine-month performance shows a significant decline in profitability, with PAT falling to ₹65.80 crore from ₹100.06 crore in the previous year, largely due to higher finance and depreciation costs.
முக்கிய அம்சங்கள்
Revenue from operations stood at ₹403.94 crore, up 11.4% YoY and 9% QoQ.
Net Profit for the quarter reached ₹25.75 crore, a strong recovery from ₹17.71 crore in Q2 FY26.
Finance costs for the nine-month period increased by 29.8% YoY to ₹59.89 crore.
9M FY26 Net Profit declined by 34.2% YoY to ₹65.80 crore compared to ₹100.06 crore in 9M FY25.
Quarterly EPS improved to ₹5.33 from ₹3.67 in the preceding quarter, though lower than ₹6.57 YoY.
👀 கவனிக்க வேண்டியவை
Investors should focus on the sequential improvement in margins and revenue growth as a sign of recovery, while remaining cautious about the significant YoY profit decline and rising interest burdens. The stock may react positively to the QoQ turnaround, but long-term stability depends on controlling operational and finance costs.
