MM Forgings Ltd consolidated Q2FY22 PAT climbs to Rs. 26.52 crore

The Board of Directors of MM Forgings Limited, at its meeting held today have approved the unaudited Consolidated financial results of the company for the period ended September 30, 2021.

For the quarter ended September 30, 2021(Q2 FY2022), the company's total income was ₹ 277.0095 crore, against ₹154.0704 crore in the corresponding quarter of the previous year (YoY) and ₹250.0287 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹26.5223 crore, against ₹5.4173 crore in the corresponding quarter of the previous year (YoY) and ₹22.8977 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹10.99, against ₹2.24 in the corresponding quarter of the previous year (YoY) and ₹9.49 in previous quarter (QoQ).

Financials	Q2 FY2022	Q1 FY2022	QoQ % Change	Q2 FY2021	YoY % Change
Total Income	₹ 277.0095 crs	₹250.0287 crs	10.79%	₹154.0704 crs	79.79%
Net Profit	₹26.5223 crs	₹22.8977 crs	15.83%	₹5.4173 crs	389.59 %
EPS	₹10.99	₹9.49	15.81%	₹2.24	390.63%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹527.0382 crore, against ₹239.0585 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹49.42 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹-2.5614 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹20.47 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹-1.06 in the previous year (YoY) (Half Year Ended FY 2021).

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹527.0382 crs	₹239.0585 crs	120.46%
Net Profit	₹49.42 crs	₹-2.5614 crs	2,029.41%
EPS	₹20.47	₹-1.06	2,031.13%

Shares of MM Forgings Limited was last trading in BSE at Rs. 895.80 as compared to the previous close of Rs. 898.25. The total number of shares traded during the day was 673 in over 217 trades.

The stock hit an intraday high of Rs. 905.95 and intraday low of 883.55. The net turnover during the day was Rs. 601277.00.

Source : Equity Bulls

Keywords

MMForgings Q2FY22 H1FY22 ResultUpdate