M M Forgings Ltd., a leading manufacturer of steel forgings, has announced its financial results for the fiscal year 2024 (FY24).
Key Highlights:
Revenue from Operations: Grew by 9% YoY to ₹1,553 crore, compared to ₹1,430 crore in FY23.
Operating EBITDA: Crossed ₹300 crore for the first time, reaching ₹314 crore, a 14% improvement over FY23.
PBT (Profit Before Tax): Increased by 13% YoY to ₹199 crore, compared to ₹176 crore in FY23.
PAT (Profit After Tax): Increased by 15% YoY to ₹145 crore, compared to ₹126 crore in FY23.
Domestic Sales: ₹948 crore
Export Sales: ₹563 crore (15% growth in FY24)
Additional Announcements:
50th Anniversary: M M Forgings celebrated 50 years of forging operations in April 2024.
Bonus Issue: The company announced a 1:1 bonus issue of shares, subject to shareholder approval.
Further Analysis and Resources:
MM Forgings Annual Report FY24: https://www.mmforgings.com/uploads/annual_report/Annual_Report_MMF_FY2024.pdf
ICICI Direct Analysis: https://www.icicidirect.com/stocks/m-m-forgings-ltd-share-price
5paisa Share Price: https://www.5paisa.com/stocks/mmfl-share-price
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