M M Forgings Ltd Q4FY17
Standalone Results Q4FY17: (Rs. in crore)
|EBITDA Margin (%)||19.5|||
|Net Profit (adjusted)||12.75||16.2|
MM Forging standalone revenue for the quarter came in at Rs. 121 crore, registering 2.8% yoy decline.
EBITDA for the quarter fell by 7.5% yoy to Rs. 23.64 crore with a corresponding margin contraction of 100 bps. EBITDA margin for the quarter stood at 19.6%. This margin contraction was aided by 16.4% increase in cost of material consumed.
The PAT for the quarter came in at Rs. 12.75 crore, yoy increase of 16.2%.
Looking at the full year numbers, we see that Revenue slided by 5% to reach Rs.478.39 crore while EBITDA fell by 14% to 92.74 crore. Company reported net profit of Rs.43.42 crore, down 13% yoy
M M Forgings Ltd is currently trading at Rs. 595, down by 32.25 points or 5.14% from its previous closing of Rs. 627.25 on the BSE.
The scrip opened at Rs. 632 and has touched a high and low of Rs. 632 and Rs. 570 respectively. So far 17243(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.
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