Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors in its meeting held on Thursday, ....
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Maiden Forgings Limited has submitted its audited standalone financial results for FY25 (year ended March 31, 2025). Revenue from operations fell to Rs 21,290.69 lakhs from Rs 23,609.54 lakhs in FY24, a decline of about 9.8%. Profit after tax dropped sharply to Rs 604.91 lakhs from Rs 972.01 lakhs, down roughly 37.8%. EPS came in at Rs 4.26 versus Rs 6.84 last year. On the balance sheet, total assets rose to Rs 16,423.70 lakhs while total borrowings increased to about Rs 6,930 lakhs, pushing the debt-to-equity ratio near 0.91. The statutory auditor (M/s H.G. & Co.) issued an unmodified opinion, and there were no exceptional items or deviation in the use of funds raised through the 2023 public issue.
Shareholders face a weaker year with falling revenue, a steep drop in profits, and rising debt, which may weigh on the stock in the short term. However, the clean audit opinion and absence of any fund-use deviation provide some comfort.