This is hereby inform that Board of Directors of the Company in its meeting held on Thursday, May 29, 2025 at 04:30 P.M. at corporate office of the Company has considered and approved ....
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The Board of Maiden Forgings Limited met on May 29, 2025 and approved the audited financial results for the second half (H2) and full financial year ended March 31, 2025. Revenue from operations for FY25 stood at Rs. 21,290.69 lakhs, down from Rs. 23,609.54 lakhs in FY24, a decline of about 10%. Profit after tax fell sharply to Rs. 604.91 lakhs from Rs. 972.01 lakhs, a drop of nearly 38%. Earnings per share stood at Rs. 4.26 versus Rs. 6.84 in the previous year. Total assets grew to Rs. 16,423.70 lakhs, with both borrowings and inventories rising year-on-year. Statutory auditor H.G. & Co. issued an unmodified (clean) opinion on the results. The company also confirmed no deviation in the use of Rs. 2,383.92 lakhs raised through a public issue in April 2023.
Sharp drop in revenue and profits year-on-year signals business slowdown and weaker operating performance, which is likely to be viewed negatively by shareholders. Rising debt and inventory levels alongside declining margins may pressure the stock in the near term.