Mumbai (Maharashtra) [India], November 22: Maiden Forgings Limited (BSE – 543874), one of the leading manufacturers of a wide range of Bright Steel bars and wires from the past 35 years, has announced its Unaudited Financial Results for the H1 FY25.
H1 FY25 Key Financial Highlights
• Total Income of ₹ 109.19 Cr
• EBITDA of ₹ 9.77 Cr
• EBITDA Margin of 8.95%
• Net Profit of ₹ 4.05 Cr
• Net Profit Margin of 3.71%
• EPS of ₹ 2.85
Commenting on the performance, Mr Nishant Garg, Managing Director of Maiden Forgings Limited said, “We are pleased to report stable performance during H1 FY25, achieving a total income of ₹ 109.19 Cr and also improving our net profit margin, despite the challenging environment for the steel industry. This resilience underscores our strategic focus on value-added and specialised products, enabling us to maintain steady operational levels even in a subdued market.
Our recent acquisition of 4 acres of landmarks is a significant step towards consolidating our facilities. This initiative will enhance our manufacturing capacity, streamline operations, and improve cost efficiency through advanced technologies. We are confident that this consolidation, along with our strong operational strategy, positions us well for sustained growth and value creation for our stakeholders in the future.”
Key Operational Highlights
| Registration as Supplier to Ordinance Factory Board | • The company was registered as a Supplier to the Ordinance Factory Board for Guns and Shell Factory Items.
• In September 2024, MFL received its first order from the Ordinance Factory Board, Kolkata |
| Land Acquisition & Facility Consolidation | • Acquired 4 acres of land to consolidate operations and enhance manufacturing capacity
• The initiative aims to enhance operational efficiency and reduce costs through the adoption of advanced technologies |
| Participation in “Wire & Tube Fair” Düsseldorf | • The company showcased its offerings at the esteemed “Wire & Tube Fair” in Düsseldorf, Germany, recognised as one of the largest events in the industry |
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