Maiden Forgings Posts Rs 1.11 Billion Revenue In H1 FY26

18 Nov 2025 CW Team

Maiden Forgings Limited, one of India’s leading manufacturers of bright steel bars and wires for more than 35 years, has announced its unaudited financial results for the first half of FY26.

H1 FY26 Financial Highlights

Total income: Rs 1.11 billion

EBITDA: Rs 67.4 million

EBITDA margin: 6.05 per cent

Profit after tax: Rs 21 million

PAT margin: 1.88 per cent

Earnings per share: Rs 1.48

Commenting on the company’s performance, Mr Nishant Garg, Managing Director of Maiden Forgings Limited, said the revenue of Rs 1.11 billion in H1 FY26 was driven by sustained demand for bright steel bars and wires, along with an increasing contribution from value-added products. He noted that the performance reflects the success of ongoing efforts to optimise the product mix and widen the company’s presence across domestic and international markets.

Mr Garg added that growing engagement in B2G and defence segments, combined with strong relationships with long-standing customers, continues to strengthen MFL’s reputation as a reliable, quality-focused manufacturer. He expressed confidence in maintaining positive momentum in the second half of the year, supported by strong fundamentals, efficient execution, and a commitment to creating long-term value for stakeholders

Equipment

15 Dec 2025

HKSTP Invests in Vizzio to Advance AI and Smart City Innovation

Hong Kong Science & Technology Parks Corporation (HKSTP) has announced a strategic investment and partnership with Singapore-based Vizzio Technologies, a global player in 3D mapping and AI-powered security solutions. The agreement was formalised at a signing event at Hong Kong Science Park and includes an investment by HKSTP through its Corporate Venture Fund (CVF) as well as the establishment of Vizzio’s new office at the park, focused on research and development, artificial intelligence, and marketing.The collaboration is aimed at accelerating Vizzio’s international expansion while s..

TrucksUp Elevates Wahid Raza as CBO to Drive Strategic Growth

Gurugram-based logistics aggregator platform TrucksUp has announced the elevation of Wahid Raza to the position of Chief Business Officer (CBO), marking a key leadership move as the company gears up for its next phase of strategic expansion and operational scale-up.Raza brings with him extensive experience spanning business development, sales, operations, compliance, and strategic planning. During his tenure at TrucksUp, he has played a critical role in strengthening internal business processes, fostering cross-functional collaboration, and building governance frameworks that support scalable ..

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..