MM Forgings (MMFL) reported a sharp surge in Q2 FY27

MMFL lMM Forgings (MMFL) reported a sharp surge in Q2 FY27 earnings, with net profit rising 148% year-on-year to ₹46 crore, while the stock price jumped nearly 20% on November 6, 2026. The company’s revenue grew 42% YoY to ₹53.57 crore, and margins improved, signaling strong operational performance. 📊 MM Forgings (MMFL) – Latest Updates (as of Nov 6, 2026) Q2 FY27 Results Highlights Net Profit: ₹45.89 crore (+148% YoY) Revenue from Operations: ₹53.57 crore (+42% YoY) EBITDA Margin: 19.43% (up from 17.61%) Trade Receivables: ₹49.43 crore (as of Sept 30, 2026) Stock Market Reaction NSE Closing Price (Nov 6, 2026): ₹629.60 (+19.99%) BSE Closing Price: ₹630.45 (+19.99%) Volume: ~5 million shares traded on NSE 52-Week Range: ₹296.10 – ₹690.10 Trend: Analysts note a short-term bearish pattern, but long-term outlook remains moderately bullish.