Maiden Forgings Achieved Rs 237 Cr of Total Income in FY24

PNN Mumbai Maharashtra [India] June 1 Maiden Forgings Limited BSE - 543874 one of the leading manufacturers of wide range of Bright Steel bars and wires from past 35 years has announced its Audited Financial Results for the FY24 FY24 Key Financial Highlights - Total Income of Rs 23731 Cr YoY growth of 730 per cent - EBITDA of Rs 2407 Cr YoY growth of 790 per cent - EBITDA Margin of 1014 YoY growth of 6 Bps - PAT of Rs 972 Cr YoY growth of 119 per cent - PAT of 410 per cent - EPS of Rs 684 Commenting on the performance Mr Nishant Garg Managing Director of Maiden Forgings Limited said FY24 begun on a highly positive note for us Our listing on the BSE SME has provided a significant capital boost enabling us to consolidate expand and increase our working capital We have witnessed impressive growth in our financial performance driven by strategic initiatives IPO funding new customer addition and rising demand for our products Although low steel prices have posed some challenges our strong volume growth reflects our resilience and market strength Looking ahead we are excited about the prospects for robust growth and enhanced operational efficiency Our strong order book increasing demand for our products a growing share of value-added products in our revenue and our strategic initiatives consolidation and expansion efforts position us very well for the future Key Operational Highlights ADVERTORIAL DISCLAIMER The above press release has been provided by PNN ANI will not be responsible in any way for the content of the same

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