{"id":22036,"date":"2023-11-17T06:41:44","date_gmt":"2023-11-17T06:41:44","guid":{"rendered":"https:\/\/sattaexpress.co.in\/index.php\/2023\/11\/17\/maiden-forgings-h1-fy24-ebitda-up-by-12\/"},"modified":"2023-11-17T06:41:44","modified_gmt":"2023-11-17T06:41:44","slug":"maiden-forgings-h1-fy24-ebitda-up-by-12","status":"publish","type":"post","link":"https:\/\/sattaexpress.co.in\/index.php\/2023\/11\/17\/maiden-forgings-h1-fy24-ebitda-up-by-12\/","title":{"rendered":"Maiden Forgings H1 FY24 EBITDA Up By 12%"},"content":{"rendered":"<div>\n<p><strong>Mumbai (Maharashtra) [India], November 17<\/strong>: Maiden Forgings Limited\u00a0(BSE \u2013 543874),\u00a0manufactures wide range of Bright Steel bars and wires from past 35 years\u00a0has\u00a0<a><\/a>announced\u00a0its Unaudited Financial Results for the\u00a0H1 FY24.<\/p>\n<p>Key Financials at a Glance:<\/p>\n<p>H1 FY24:<\/p>\n<p>\u2022\u00a0Total\u00a0Income \u20b9\u00a0116.29\u00a0Cr vs \u20b9\u00a0108.64\u00a0Cr in H1 FY23,YoY Growth of 7.04%<\/p>\n<p>\u2022\u00a0EBITDA \u20b9\u00a011.29\u00a0Cr vs \u20b9\u00a010.10\u00a0Cr in H1 FY23, YoY Growth of 11.72%<\/p>\n<p>\u2022\u00a0EBITDA Margin stood at 9.71% \u00a0<\/p>\n<p>\u2022\u00a0PAT\u00a0\u20b9\u00a04.18\u00a0Cr vs \u20b9\u00a04.13 Cr\u00a0in H1 FY23, YoY Growth of 1.19%<\/p>\n<p>\u2022\u00a0PAT Margin stood at 3.59% \u00a0<\/p>\n<p>\u2022\u00a0EPS stood at \u20b9 0.29\u00a0<\/p>\n<p>Commenting on the performance,\u00a0Mr. Nishant Garg, Managing Director\u00a0of Maiden Forgings Limited\u00a0said,\u00a0\u201cI\u00a0am pleased to share that the first half of FY24 has kicked off on a positive note for Maiden Forgings Limited, despite the IPO costs being into play. We\u2019ve witnessed commendable growth in our financial performance, and I\u2019m thrilled to report that the strategic and marketing initiatives we\u2019ve implemented have now started to bear fruits in the second half of the Financial Year, and I see even better growth in the near future. The opportunities are endless, and we are working hard to leverage those opportunities, in order to maximize the value delivery.\u201d<\/p>\n<p>The good news is that we don\u2019t foresee any significant uptick in new strategic and marketing expenses moving forward. Instead, we anticipate a boost in profitability, thanks to an increasing contribution from our value-added products.<\/p>\n<p>Looking ahead, we are extremely optimistic about the remainder of FY24 and beyond. Our optimism is fueled by a combination of factors, including the success of our IPO funding, the positive outcomes from our strategic initiatives, and the wealth of experience within our team. We see a bright future on the horizon for Maiden Forgings Limited\u201d<\/p>\n<p>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], November 17: Maiden Forgings Limited\u00a0(BSE \u2013 543874),\u00a0manufactures wide range of Bright Steel bars and wires from past&hellip;<\/p>\n","protected":false},"author":1,"featured_media":22037,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[11],"class_list":["post-22036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/posts\/22036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=22036"}],"version-history":[{"count":0,"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/posts\/22036\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/media\/22037"}],"wp:attachment":[{"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=22036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=22036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sattaexpress.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=22036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}