Maiden Forgings Ltd — Updates, 02-06-2025: Company Update

Maiden Forgings Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company reported a decline in half-year total income to ₹104.37 Cr (down 13.75% YoY), with EBITDA at ₹10.13 Cr (-20.7%) and net profit at ₹2 Cr (-63.86%). Operationally, MFL secured registration as a supplier to the Ordnance Factory Board and won its initial order, signaling entry into the defense sector. The acquisition of 4 acres near Ghaziabad aims for plant consolidation, targeting annual cost savings of ₹2.5 Cr and boosting efficiency. This expansion supports growth into high-margin stainless steel products and international markets, backed by a strong client base including major automotive and engineering firms.