Likely to achieve 4-figure revenue in FY22, says MM Forgings

MM Forgings posted a record revenue of Rs 293.36 crore in the fourth quarter of fiscal 2021 and now expects to cross the four-figure revenue in FY22.

Speaking to CNBC-TV18, Vidyashankar Krishnan, Vice Chairman and Managing Director of MM Forgings said that subject to COVID and the economy, the company expects to cross sales volumes of 60,000-65,000 tonnes this year.

“The company did record revenues in Q4FY21 of almost Rs 300 crore. In March, we crossed Rs 100 crore mark which is a watershed number as far as MM Forgings is concerned. Over the next year, if we are able to extrapolate this on an annualised basis, you can see where we are heading,” he said.

The company is looking at a very strong US truck market. European truck market has been pretty stable right through the COVID, he added.