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News Details

( As on 05/11/2026 21:20)

M M Forgings posts Q2 net loss of Rs 45.77 cr

The company reported standalone net loss during the quarter stood at Rs 45.77 crore compared to net profit of Rs 17.71 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 65.83 per cent at Rs 126.62 crore in July-September quarter of this fiscal as against Rs 370.58 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 69.60 per cent to Rs 95.61 crore from Rs 314.54 crore in year ago period.

Other Income grew by 16.47 per cent at Rs 7.92 crore versus (Sep'25 Rs 6.80 crore).

Operating Profit slipped by 67.66 per cent to Rs 20.42 crore as against Rs 63.15 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5.34 per cent in September quarter.

Interest declined by 88.18 per cent y-o-y to Rs 2.51 crore, while Taxation increased by 110.82 per cent at Rs 17.92 crore (Sep'25 Rs 8.50 crore).