Maiden Forgings H1 FY27 Revenue Up 16% to ₹127 Crore, Sales Volume Rises 14.2% YoY
Mumbai: Maiden Forgings Limited announced on Monday that its revenue from operations for the first half of fiscal year 2027 reached approximately ₹127 crore, marking a year-on-year growth of about 16%. The company's total sales volume stood at approximately 19,239.35 metric tonnes, an increase of about 14.20% year-on-year. Operational Highlights The company commenced operations at its new Bhojpur…
Maiden Forgings Limited reported a 16% increase in its revenue from operations for the first half of fiscal year 2027, reaching approximately ₹127 crore. The total sales volume surged by about 14.20% year-on-year, amounting to roughly 19,239.35 metric tonnes. The company recently opened its new Bhojpur manufacturing facility in July 2026, which is expected to streamline production and reduce delivery times, saving around ₹25 lakh per month upon complete consolidation.
Maiden Forgings successfully sold a vacant land parcel in Ghaziabad for ₹12.90 crore, which will be used to expand and develop new manufacturing facilities. The company reaffirmed its long-term credit rating as BBB/Stable by CRISIL, indicating a stable financial outlook. Maiden Forgings aims to grow its capacity to 62,000 tonnes and invest in solar power to optimize energy costs and sustainability.
The company plans to focus on specific products like pneumatic/collated nails, stainless steel bars, alloy steel bars, and GI wires, and explore forward integration into stainless steel machine components and other value-added offerings. Maiden Forgings intends to strengthen its presence in government and defence sectors through new registrations and approvals with DRDO entities and Ordnance Factories, as well as expand its institutional business with organizations like HAL, BHEL, NTPC, and various defence laboratories.
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