Vidyashankar Krishnan, MD of MM Forgings says the company‘s export revenues fell 2-3 percent. “The only issue is that euro business when converted into rupees, will have a fall and that will have some impact on our growth,†he adds.
MM Forgings has a market cap of Rs 566 crore. Around 30 percent of its revenues come from the domestic market, while the majority 70 percent from exports.