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

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