M M Forgings Ltd's Q3FY25 Quarter Results
- 04 Feb 2025
Result Summary
- M M Forgings Ltd reported a 6.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 6.6%.
- Its expenses for the quarter were down by 5.9% QoQ and 4.6% YoY.
- The net profit decreased 16.8% QoQ and decreased 20.8% YoY.
- The earnings per share (EPS) of M M Forgings Ltd stood at 5.5 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 377.61 | 405.37 | 404.15 | -6.8% | -6.6% |
Total Expenses | 339.10 | 360.46 | 355.38 | -5.9% | -4.6% |
Profit Before Tax | 38.55 | 44.92 | 48.89 | -14.2% | -21.1% |
Tax | 12.00 | 13.00 | 15.34 | -7.7% | -21.8% |
Profit After Tax | 26.55 | 31.91 | 33.54 | -16.8% | -20.8% |
Earnings Per Share | 5.50 | 6.60 | 13.90 | -16.7% | -60.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
M M Forgings Ltd is a prominent player in the manufacturing sector, primarily engaged in the production of steel forgings. The company caters to a wide range of industries, including automotive, construction, and power generation. Its products are crucial components in machinery and vehicles, highlighting its importance within these sectors. As a company, M M Forgings Ltd has a legacy of innovation and commitment to quality, playing a significant role in the domestic and international markets. While specific recent developments are not available from the provided data, the company continues to maintain its position as a key supplier to its diverse customer base.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), M M Forgings Ltd reported a total income of ₹377.61 crores. This figure represents a decrease of 6.8% compared to the previous quarter (Q2FY25) when the total income was ₹405.37 crores. On a year-over-year basis, the total income saw a decline of 6.6% compared to ₹404.15 crores in the third quarter of fiscal year 2024 (Q3FY24). These figures indicate that the company experienced a downturn in revenue both sequentially and annually during this period.
Profitability
The profitability of M M Forgings Ltd in Q3FY25 reflects a reduction in profit levels compared to both the preceding quarter and the same period in the prior year. The profit before tax for Q3FY25 was ₹38.55 crores, which is a 14.2% decrease from Q2FY25's ₹44.92 crores. Year-over-year, there was a 21.1% drop from Q3FY24's ₹48.89 crores. The tax expense for Q3FY25 was ₹12.00 crores, which decreased by 7.7% from Q2FY25 and by 21.8% from Q3FY24. Consequently, the profit after tax stood at ₹26.55 crores, marking a decline of 16.8% from the previous quarter's ₹31.91 crores and a 20.8% fall from the ₹33.54 crores recorded in Q3FY24. The earnings per share for Q3FY25 was ₹5.50, compared to ₹6.60 in Q2FY25 and ₹13.90 in Q3FY24, reflecting a significant year-over-year decrease of 60.4%.
Operating Metrics
The company's operating metrics in Q3FY25 showcased a reduction in both income and expenses. Total expenses for the quarter were ₹339.10 crores, a 5.9% decrease from the ₹360.46 crores reported in Q2FY25, and a 4.6% decrease from the ₹355.38 crores in Q3FY24. This reduction in expenses is in line with the declining revenue, suggesting a proportional decrease in operational activity. While expenses have decreased, the reduction in income has impacted the overall profitability of the company. The analysis of these metrics shows the company's effort to manage costs amidst a challenging revenue environment.
