{"id":44369,"date":"2024-11-22T14:36:21","date_gmt":"2024-11-22T09:06:21","guid":{"rendered":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/11\/22\/maiden-forgings-achieved-rs-109-cr-of-total-income-in-h1-fy25-demonstrates-resilience-amid-industry-challenges\/"},"modified":"2024-11-22T14:36:21","modified_gmt":"2024-11-22T09:06:21","slug":"maiden-forgings-achieved-rs-109-cr-of-total-income-in-h1-fy25-demonstrates-resilience-amid-industry-challenges","status":"publish","type":"post","link":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/11\/22\/maiden-forgings-achieved-rs-109-cr-of-total-income-in-h1-fy25-demonstrates-resilience-amid-industry-challenges\/","title":{"rendered":"Maiden Forgings Achieved Rs 109 Cr Of Total Income In H1 FY25 Demonstrates Resilience Amid Industry Challenges"},"content":{"rendered":"
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Mumbai (Maharashtra) [India], November 22: <\/strong>Maiden Forgings Limited (BSE \u2013 543874), one of the leading manufacturers of a wide range of Bright Steel bars and wires from the past 35 years, has announced\u00a0its\u00a0Unaudited\u00a0Financial Results for the\u00a0H1\u00a0FY25.<\/p>\n

H1\u00a0FY25\u00a0Key Financial Highlights\u00a0<\/strong><\/p>\n

\u2022 Total Income of\u00a0\u20b9\u00a0109.19 Cr<\/p>\n

\u2022 EBITDA of\u00a0\u20b9\u00a09.77 Cr<\/p>\n

\u2022 EBITDA Margin of 8.95%<\/p>\n

\u2022 Net Profit of\u00a0\u20b9\u00a04.05 Cr<\/p>\n

\u2022 Net Profit Margin of 3.71%<\/p>\n

\u2022 EPS of\u00a0\u20b9\u00a02.85<\/p>\n

Commenting on the performance, Mr Nishant Garg, Managing Director of Maiden Forgings Limited said, \u201cWe are pleased to report stable performance during H1 FY25, achieving a total income of \u20b9 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.<\/p>\n

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.\u201d<\/p>\n

Key Operational Highlights<\/strong><\/p>\n\n\n\n\n\n
Registration as Supplier to Ordinance Factory Board<\/td>\n\u2022 The company was registered as a Supplier to the Ordinance Factory Board for Guns and Shell Factory Items.<\/p>\n

\u2022\u00a0In September 2024, MFL received its first order from the Ordinance Factory Board, Kolkata<\/p>\n<\/td>\n<\/tr>\n

Land Acquisition &\u00a0Facility\u00a0Consolidation<\/td>\n\u2022\u00a0Acquired 4 acres of land to consolidate operations and enhance manufacturing capacity<\/p>\n

\u2022\u00a0The initiative aims to enhance operational efficiency and reduce costs through the adoption of advanced technologies<\/p>\n<\/td>\n<\/tr>\n

Participation in \u201cWire & Tube Fair\u201d D\u00fcsseldorf<\/td>\n\u2022 The company showcased its offerings at the esteemed \u201cWire & Tube Fair\u201d in D\u00fcsseldorf, Germany, recognised as one of the largest events in the industry<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India], November 22: Maiden Forgings Limited (BSE \u2013 543874), one of the leading…<\/p>\n","protected":false},"author":2,"featured_media":44370,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1331],"class_list":["post-44369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/44369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/comments?post=44369"}],"version-history":[{"count":0,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/44369\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media\/44370"}],"wp:attachment":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media?parent=44369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/categories?post=44369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/tags?post=44369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}