MM Forgings (MMFL) reported weak Q2 FY2026 results

MMFL MM Forgings (MMFL) reported weak Q2 FY2026 results with net profit falling 13.6% QoQ to ₹16.57 crore, while revenue grew modestly by 6.4% to ₹384.93 crore. The stock is trending bearish, closing around ₹531 on NSE yesterday. 📊 MMFL Q2 FY2026 Highlights Revenue: ₹384.93 crore (↑6.44% QoQ, ↓3.35% YoY) Operating Profit: ₹42.35 crore (↓10.75% QoQ, ↓21.45% YoY) Net Profit (PAT): ₹16.57 crore (↓13.62% QoQ, ↓48.07% YoY) EPS: ₹3.43 (↓13.6% QoQ, ↓48.1% YoY) Operating Margin: 11% 📉 Stock Performance NSE Closing Price (Nov 5, 2026): ₹531 (↑1.6%) BSE Closing Price: ₹531.25 (↑1.34%) 52-Week Range: ₹296.10 – ₹690.10 Trend: Analysts note a bearish short-term and moderately bearish long-term outlook, with continued downtrend pressure.