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Awaiting price reaction for this filing.
Maiden Forgings Ltd has submitted its audited financial results for FY2026 (year ended March 31, 2026). Revenue from operations grew 9.5% to Rs 23,396 lakhs from Rs 21,357 lakhs in the previous year. However, profit after tax declined 17% to Rs 502 lakhs from Rs 605 lakhs, mainly due to rising costs. Total expenses increased 10.7% to Rs 22,702 lakhs. Finance costs rose to Rs 678 lakhs while employee benefit expenses were Rs 309 lakhs. The company generated positive operating cash flow of Rs 622 lakhs, up from Rs 452 lakhs in the prior year. Inventories increased to Rs 8,312 lakhs and trade receivables rose to Rs 3,942 lakhs, indicating higher working capital needs. The auditor gave an unmodified (clean) opinion with no qualifications.
The stock may face pressure as profit declined despite revenue growth, indicating cost pressures and margin compression. However, strong operating cash flow and manageable debt levels provide some stability for investors.