Integrated Filing — IndAS

General information about company
Scrip Code	522241
NSE Symbol	MMFL
MSEI Symbol	NOTLISTED
ISIN	INE227C01017
Name of company	MM FORGINGS LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	24-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	15-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Steel Forgings
Start date and time of board meeting	24-May-2025   16:30:00
End date and time of board meeting	24-May-2025   19:35:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Unaudited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	3706372000	15251809000
	Other income	64685000	226431000
	Total income	3771057000	15478240000
2	Expenses
(a)	Cost of materials consumed	1411524000	6608259000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	286653000	10289000
(d)	Employee benefit expense	397812000	1621803000
(e)	Finance costs	136549000	597879000
(f)	Depreciation, depletion and amortisation expense	255607000	932583000
(f)	Other Expenses
1	Power of fuel	327517000	1375994000
2	Other Expenses	554122000	2674704000
	Total other expenses	881639000	4050698000
	Total expenses	3369784000	13821511000
3	Total profit before exceptional items and tax	401273000	1656729000
4	Exceptional items	208000	566000
5	Total profit before tax	401481000	1657295000
6	Tax expense
7	Current tax	41664000	351778000
8	Deferred tax	26891000	86891000
9	Total tax expenses	68555000	438669000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	332926000	1218626000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	332926000	1218626000
17	Other comprehensive income net of taxes	0	0
18	Total Comprehensive Income for the period	332926000	1218626000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	482816000	482816000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		0
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	6.9	25.24
	Diluted earnings (loss) per share from continuing operations	6.9	25.24
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	6.9	25.24
	Diluted earnings (loss) per share from continuing and discontinued operations	6.9	25.24
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1. The financials were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 24 May 2025. n2. The Statutory Auditors have expressed an unmodified opinion on the aforesaid results. n3. Figures have been regrouped wherever necessary. n4. The Company is engaged in only one segment. n5. EPS for Q3F25, Q4F25 and F25 is calculated based on enhanced share capital post Bonus issue. n6. The Board of Directors at its meeting held on 24 May 2025 has recommended a final dividend of Rs 4 per equity share, subject to approval of shareholders.

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	9644611000
	Capital work-in-progress	3833091000
	Investment property	0
	Goodwill	0
	Other intangible assets	0
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	38374000
	Trade receivables, non-current	0
	Loans, non-current	242421000
	Other non-current financial assets	0
	Total non-current financial assets	280795000
	Deferred tax assets (net)	0
	Other non-current assets	283028000
	Total non-current assets	14041525000
2	Current assets
	Inventories	3416934000
	Current financial asset
	Current investments	0
	Trade receivables, current	3726012000
	Cash and cash equivalents	2172045000
	Bank balance other than cash and cash equivalents	7315000
	Loans, current	332555000
	Other current financial assets	0
	Total current financial assets	6237927000
	Current tax assets (net)	0
	Other current assets	531000
	Total current assets	9655392000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	23696917000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	482816000
	Other equity	8441608000
	Total equity attributable to owners of parent	8924424000
	Non controlling interest
	Total equity	8924424000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	6038552000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	0
	Total non-current financial liabilities	6038552000
	Provisions, non-current	0
	Deferred tax liabilities (net)	459670000
	Deferred government grants, Non-current	0
	Other non-current liabilities	358727000
	Total non-current liabilities	6856949000
	Current liabilities
	Current financial liabilities
	Borrowings, current	4475210000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	1776794000
	Total Trade payable	1776794000
	Other current financial liabilities	0
	Total current financial liabilities	6252004000
	Other current liabilities	1345934000
	Provisions, current	317606000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	7915544000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	14772493000
	Total equity and liabilites	23696917000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Unaudited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Unaudited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
	Total Amount of items that will not be reclassified to profit and loss
2	Income tax relating to items that will not be reclassified to profit or loss	0	0
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	0	0

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Unaudited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			1657295000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			640435000
	Adjustments for decrease (increase) in inventories			-51399000
	Adjustments for decrease (increase) in trade receivables, current			-422839000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			0
	Adjustments for decrease (increase) in other non-current assets			-4061000
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-157383000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			231423000
	Adjustments for increase (decrease) in other non-current liabilities			29419000
	Adjustments for depreciation and amortisation expense			932582000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			169693000
	Adjustments for interest income			57965000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-202814000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			767705000
	Net cash flows from (used in) operations			2425000000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			590510000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			1834490000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			766000
	Purchase of property, plant and equipment			0
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			169693000
	Interest received			84893000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-3837422000
	Net cash flows from (used in) investing activities	-3582070000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			3458805000
	Repayments of borrowings			1233865000
	Payments of lease liabilities			0
	Dividends paid			193126000
	Interest paid			667363000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			464456000
	Net cash flows from (used in) financing activities			1828907000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			81327000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			81327000
	Cash and cash equivalents cash flow statement at beginning of period			2098032000
	Cash and cash equivalents cash flow statement at end of period			2179359000