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18-Aug-2025

MM Forgings

Scales back capex amid weak demand and export challenges


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MM Forgings hosted a conference call on Aug 11, 2025. In the conference call, the company was represented by Mr Vidyasankar Krishnan – Chairman and Managing Director and Mr Venkatakrishnan – Chief Financial Officer.

Key takeaways of the call

The global economic outlook remains fragile, marked by persistent volatility and evolving geopolitical dynamics.

Additionally, geopolitical developments, most notably in Eastern Europe and the Middle East have kept energy and commodity markets on edge, contributing to input cost variability across industrial sectors.

The Indian automotive industry witnessed a subdued Q1FY26, marked by softer demand and macroeconomic pressures. Export momentum moderated due to emerging tariff tensions, particularly from the U.S., impacting auto component export from several countries.

To mitigate risks, the company is e...



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