A Healthy Q2FY27 For MM Forgings | Increasing FY27 Guidance To ₹2,000 Crore, Says Company
CNBC-TV18 · 11 Nov 2026 · 10 min
Management interview of MM Forgings Ltd (MMFL), with 12 key numbers discussed.
- Vidyashankar Krishnan, Chairman & MD, MM Forgings
MM Forgings achieved 24,300 tonnes of volume in Q2FY27 and 44,000 tonnes in H1FY27, supported by machining mix rising to 65%. Management raised its FY27 revenue guidance to over Rs 2,000 cr with 90,000-95,000 tonnes volume, while projecting FY28 revenue of Rs 2,400-2,500 cr. Current capacity stands at 1,30,000 tonnes, with a 16,500-tonne press commissioning in Q4FY27 to enable entry into power and railways. Although raw material cost increases are mostly passed through, severe cost pressures persist from power, freight, and carbides.