• Volume targets: MM Forgings aims to achieve 23,000 to 25,000 tons per quarter for the remainder of the year to reach 90,000 to 95,000 tons overall, having resolved earlier migrant labor shortages by adding over 600 to 700 workers.
• Margin expansion: Management is targeting a 20% medium-term EBITDA margin driven by power and manpower cost reductions, a 20% productivity improvement, and interest cost savings from shifting to euro-based debt.
• New revenue drivers: Subsidiary Abhinav Risal begins sales in Q2 with an aim to scale to ₹25–30 crore annually by FY27–FY28, while hyperscaler genset demand provides ₹100 crore in business visibility over the next two years.
• Expansion and fundraising: The 16,500-ton press is currently being installed and remains on track for commissioning in Q4, while the planned QIP will be timed once inorganic growth opportunities are finalized.