Board approves unaudited Q2 and H1 results; auditor's limited review conclusion unmodified
Board outcome: MM Forgings' directors approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, along with the statutory auditor's limited review reports on them.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 53,744.58 | 37,675.73 | +42.7% | 40,989.63 | +31.1% |
| Total income | 55,047.48 | 38,927.67 | +41.4% | 42,675.74 | +29% |
| Profit before tax | 6,055.87 | 2,696.99 | +125% | 9,935.76 | −39% |
| Profit after tax | 4,174.56 | 1,846.99 | +126% | 8,926.71 | −53.2% |
| Total comprehensive income | 4,174.56 | 1,846.99 | +126% | 8,926.71 | −53.2% |
| Basic EPS | 8.65 | 3.83 | +126% | 18.49 | −53.2% |
- Profit after tax YoY
- 1,846.99 (+126%)
- Period
- 30-09-2026
Auditor's review
Conclusion: Unmodified
Notes to the results
- Pursuant to NCLT (Chennai Bench) order dated 29 June 2026, wholly-owned subsidiary D V S Industries Private Limited merged with the Company, appointed date 01 April 2024; prior periods restated per Appendix C to Ind AS 103.
- Exceptional item represents profit on sale of land in the quarter ended 30 June 2026 (6,428.80 lakhs); the tax thereon is included in current tax.
What the board approved
MM Forgings' board met on November 5, 2026 and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, prepared under IndAS. The statutory auditor, G. Ramesh Kumar & Co, issued limited review reports on both sets of results, and the results will be published in newspapers and hosted on the company and exchange websites.
Auditor's conclusion
The limited review reports carry an unmodified conclusion: based on the review, nothing has come to the auditor's attention that causes it to believe the statements contain a material misstatement or fail to disclose what the SEBI listing rules require. A limited review is narrower than a full audit and gives less assurance.
Standalone, quarter ended September 30, 2026 (Rs in lakh)
- Revenue from operations: 53,572.98
- Profit before exceptional items and tax: 6,470.61
- Profit for the period: 4,589.30
- Basic EPS: 9.51
Standalone, half year ended September 30, 2026 (Rs in lakh)
- Profit for the period: 13,744.87
Consolidated, quarter ended September 30, 2026 (Rs in lakh)
- Revenue from operations: 53,744.58
- Profit for the period: 4,174.56
The one-off to keep in mind
The standalone results show an exceptional item — profit on sale of land of 6,428.80 (Rs in lakh) — in the quarter ended June 30, 2026. Because of that gain, the profit figures of the two quarters are not directly comparable; the auditor's review covers this as part of the results.
Merger and restatement
Following an order dated June 29, 2026 of the National Company Law Tribunal (Chennai Bench), D V S Industries Private Limited, a wholly-owned subsidiary, was merged with the company with appointed date April 1, 2024. The company describes this as a common control transaction, and the financial information for the current and prior periods has been restated as required by Appendix C to Ind AS 103. This is why the comparative columns differ from what was reported earlier.
Other points from the notes
The company operates in a single segment. The consolidated statement covers the parent plus two subsidiaries, Suvarchas Vidyut Private Limited and Abhinava Rizel Private Limited.
Also from MM Forgings
Board meeting on 5 November 2026 to approve unaudited Q2 results
29 Oct 2026
Regulation 74(5) compliance certificate for quarter ended 30 September 2026
6 Oct 2026
More numbers
- Standalone Revenue from operations, quarter ended 30-09-2026 (Rs in lakh)53,572.98
- Standalone Profit before Exceptional Items and Tax, quarter (Rs in lakh)6,470.61
- Standalone Profit for the Period, quarter (Rs in lakh)4,589.30
- Standalone Profit for the Period, half year (Rs in lakh)13,744.87
- Exceptional item - Profit on Sale of Land, quarter ended 30-06-2026 (Rs in lakh)6,428.80
- Standalone Basic EPS, quarter (Rs per share)9.51
- Total income, latest quarter55,047.48 (₹ in lakhs)
- Total income, year-ago quarter38,927.67 (₹ in lakhs)
- Total income, previous quarter42,675.74 (₹ in lakhs)
- Total comprehensive income, latest quarter4,174.56 (₹ in lakhs)
- Total comprehensive income, year-ago quarter1,846.99 (₹ in lakhs)
- Total comprehensive income, previous quarter8,926.71 (₹ in lakhs)
- Profit after tax, latest quarter4,174.56 (₹ in lakhs)
- Profit after tax, year-ago quarter1,846.99 (₹ in lakhs)
- Profit after tax, previous quarter8,926.71 (₹ in lakhs)
- Revenue from operations, latest quarter53,744.58 (₹ in lakhs)
- Revenue from operations, year-ago quarter37,675.73 (₹ in lakhs)
- Revenue from operations, previous quarter40,989.63 (₹ in lakhs)
- Profit before tax, latest quarter6,055.87 (₹ in lakhs)
- Profit before tax, year-ago quarter2,696.99 (₹ in lakhs)
- Profit before tax, previous quarter9,935.76 (₹ in lakhs)
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