Maiden Forgings H1 FY27 Revenue Up 16% to ₹127 Cr; Sales Volume Up 14.2%
Maiden Forgings Ltd. announced its H1 FY27 operational performance, with revenue from operations growing approximately 16% year-on-year to ₹127 Cr. Sales volumes also increased by approximately 14.20% year-on-year to 19,239.35 MTT. Key operational highlights include the commencement of operations at the new Bhojpur manufacturing facility in July 2026, which is expected to generate minimum estimated savings of ₹25 lakh per month upon full completion. The company also monetized vacant land for ₹12.90 Cr, with proceeds earmarked for expansion. CRISIL reaffirmed the long-term credit rating at BBB/Stable for ₹42.50 Cr of bank loan facilities. Future plans include scaling manufacturing capacity to 62,000 tonnes, implementing solar power, focusing on higher-margin products, expanding into B2G and defence segments, and establishing an international presence in Dubai. The company also intends to migrate from the BSE SME platform to the BSE Mainboard.
Key Highlights
- H1 FY27 revenue grew 16% YoY to ₹127 Cr, with sales volume up 14.20%.
- New Bhojpur facility commenced operations, expecting ₹25 lakh monthly savings.
- Sold land for ₹12.90 Cr to fund expansion and new facilities.
- CRISIL reaffirmed BBB/Stable long-term credit rating.
- Plans include capacity expansion, higher-margin products, B2G/defence, international expansion, and Mainboard migration.
Price Impact
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