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MM Forgings ‘s Q3 2024-25 Latest News: Revenue Dropped by 6.06% YoY

February 4, 2025February 4, 2025| adminadmin| 0 Comments| 1:20 pm
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Highlights

🔹 The presented financial data is Standalone to provide a comprehensive overview of the company performance.
🔹 Sales over the Year and quarter: The company’s sales declined by -6.06 % over the year, decrease in net sales/revenue by -6.47 %.
🔹 Income over the Year and quarter: There has been decline in other income over the past year which is -11.89 %, Marginal decrease of -29.96% in other income during this quarter.
🔹 Profit over the Year and quarter: Challenges in sustaining profitability for MM Forgings Limited. Profit dropped by -16.34 % Year to Year, MM Forgings Limited’s profitability dropped by -11.74 % Quarter to Quarter.
🔹 EPS over the Year and quarter: EPS declined by -16.62 % Year to Year. EPS decreased by -11.69 % in previous quarter. Analysis needed for shareholder value.

This report meticulously dissects the performance of MM Forgings Limited, offering a panoramic view of its operational success and challenges. It delves into a variety of financial metrics, such as revenue growth, profit margins, and shareholder returns, juxtaposed against the backdrop of broader economic conditions and sector-specific trends. The analysis further explores the investor community’s perception and expectations, which influence the stock’s volatility and potential returns. By providing a forecast based on quantitative analyses and market sentiment, the report aims to outline the potential risks and rewards, guiding investors toward making strategic, data-driven investment choices.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 387.75 Cr Rs. 389.432 Cr Rs. 364.242 Cr -6.47 % -6.06 %
Expenses Rs. 312.73 Cr Rs. 312.57 Cr Rs. 290.92 Cr -6.93 % -6.97 %
Operating Profit Rs. 75.02 Cr Rs. 76.86 Cr Rs. 73.32 Cr -4.61 % -2.27 %
OPM % 19.35 % 19.74 % 20.13 % + 0.39 % + 0.78 %
Other Income Rs. 6.739 Cr Rs. 8.478 Cr Rs. 5.938 Cr -29.96 % -11.89 %
Interest Rs. 10.86 Cr Rs. 16.11 Cr Rs. 15.49 Cr -3.85 % + 42.63 %
Depreciation Rs. 17.5 Cr Rs. 20.3 Cr Rs. 20.06 Cr -1.18 % + 14.63 %
Profit before tax Rs. 53.4 Cr Rs. 48.93 Cr Rs. 43.71 Cr -10.67 % -18.15 %
Tax % 29.03 % 26.58 % 27.45 % + 0.87 % -1.58 %
Net Profit Rs. 37.9 Cr Rs. 35.93 Cr Rs. 31.71 Cr -11.75 % -16.33 %
EPS in Rs Rs. 7.88 Rs. 7.44 Rs. 6.57 -11.69 % -16.62 %


Today, we’re looking at MM Forgings Limited’s financial performance for the Q3(Dec 2024-25).Starting with the top line, the company reported a significant year-over-year sales decline of -6.06 %. However, it did see a marginal slip of -6.47 % from the previous quarter. Expenses decreased slightly by -6.93 % quarter-on-quarter, aligning with the annual decline of -6.97 %. Operating profit, while down -2.27 % compared to last year, faced a quarter-on-quarter dip of -4.61 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.78 %, but an expansion of 0.39 % sequentially. Other income fell by -29.96 % compared to the last quarter, despite an annual decline of -11.89 %. Interest expenses dropped significantly by -3.85 % from the previous quarter, yet the year-over-year increase remains at a moderate 42.63 %. Depreciation costs fell by -1.18 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 14.63 %. Profit before tax declined annually by -18.15 % but saw a reduction from the preceding quarter by -10.67 %.
Tax expenses as a percentage of profits decreased slightly by -1.58 % compared to last year, with a more notable quarter-on-quarter increase of 0.87 %. Net profit fell by -16.33 % year-on-year but witnessed a -11.75 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -16.62 % but a quarterly fall of -11.69 %. In summary, MM Forgings Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 387.75 Cr Rs. 389.432 Cr Rs. 364.242 Cr -6.47 % -6.06 %
Expenses Rs. 312.73 Cr Rs. 312.57 Cr Rs. 290.92 Cr -6.93 % -6.97 %
Operating Profit Rs. 75.02 Cr Rs. 76.86 Cr Rs. 73.32 Cr -4.61 % -2.27 %
Net Profit Rs. 37.9 Cr Rs. 35.93 Cr Rs. 31.71 Cr -11.75 % -16.33 %
EPS in Rs Rs. 7.88 Rs. 7.44 Rs. 6.57 -11.69 % -16.62 %


In reviewing MM Forgings Limited’s 2024-25(Q3) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -6.06 % year-on-year, although there was a slight dip of -6.47 % from the previous quarter. Expenses decreased by -6.97 % compared to the previous year, with a decrease of -6.93 % quarter-on-quarter. Operating Profit dropped by -2.27 % annually, and saw a -4.61 % decrease from the last quarter.
Net Profit showed yearly decrease of -16.33 %, and experienced a -11.75 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -16.62 % annually, however dipped by -11.69 % compared to the last quarter. In essence, while MM Forgings Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.

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