MM Forgings (MMF) reported strong operational results in Q4FY21. Standalone net sales jumped 81.3% YoY, 32% QoQ to Rs. 286 crore. EBITDA came in at Rs. 56.5 crore, up 152% YoY with attendant margins rising 450 bps QoQ to an 11-quarter high of 19.8%. The company realised savings across all cost heads, with gross margins improving 64 bps sequentially with other expenses, employee costs down 184 bps, 141 bps QoQ, respectively, on percentage of sales basis. Consequent standalone PAT was at Rs. 30.1 crore, up 96% QoQ. MMF declared an interim dividend of Rs. 5/share for FY21.
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Shares of M.M.FORGINGS LTD. was last trading in BSE at Rs. 688.25 as compared to the previous close of Rs. 672.1. The total number of shares traded during the day was 4452 in over 438 trades.
The stock hit an intraday high of Rs. 690.95 and intraday low of 654.85. The net turnover during the day was Rs. 3011366.