Maiden Forgings Limited (BOM:543874)

Maiden Forgings Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	2,133	2,129	2,361	2,208	2,105	1,992
Other Revenue	0	-	-	-	0.07	0.25
Revenue	2,133	2,129	2,361	2,208	2,105	1,993
Revenue Growth (YoY)	-7.15%	-9.82%	6.92%	4.89%	5.65%	-2.39%
Cost of Revenue	1,863	1,811	1,999	1,854	1,867	1,825
Gross Profit	269.21	318.16	361.71	353.74	238.21	167.15
Selling, General & Admin	29.72	30.52	33.99	31.99	18.13	31.61
Other Operating Expenses	94.79	94.41	96.31	100.93	96.64	0.51
Operating Expenses	170.3	165.41	174.82	168.13	148.87	72.95
Operating Income	98.91	152.76	186.9	185.61	89.34	94.21
Interest Expense	-67.68	-69.32	-59.16	-0.01	-1.44	-71.15
Interest & Investment Income	5.18	5.18	9.38	1.49	1.16	0.77
Currency Exchange Gain (Loss)	0.66	0.66	1.49	0.77	1.05	-
Other Non Operating Income (Expenses)	14.29	-3.87	-1.5	-54.78	-59.55	-0
Pretax Income	51.37	85.42	137.1	133.08	30.54	23.83
Income Tax Expense	10.38	24.93	39.9	37.03	8.63	6.93
Net Income	40.99	60.49	97.2	96.06	21.92	16.89
Net Income to Common	40.99	60.49	97.2	96.06	21.92	16.89
Net Income Growth	-57.26%	-37.77%	1.19%	338.23%	29.74%	1.80%
Shares Outstanding (Basic)	14	14	14	10	10	10
Shares Outstanding (Diluted)	14	14	14	10	10	10
Shares Change (YoY)	-	-0.08%	36.25%	0.01%	-	12.15%
EPS (Basic)	2.89	4.26	6.84	9.21	2.10	1.62
EPS (Diluted)	2.89	4.26	6.84	9.21	2.10	1.62
EPS Growth	-	-37.72%	-25.73%	338.17%	29.75%	-9.23%
Free Cash Flow	19.11	-47.54	-166.09	32.56	2.21	-8.36
Free Cash Flow Per Share	1.35	-3.35	-11.69	3.12	0.21	-0.80
Gross Margin	12.62%	14.94%	15.32%	16.02%	11.31%	8.39%
Operating Margin	4.64%	7.17%	7.92%	8.41%	4.24%	4.73%
Profit Margin	1.92%	2.84%	4.12%	4.35%	1.04%	0.85%
Free Cash Flow Margin	0.90%	-2.23%	-7.03%	1.47%	0.10%	-0.42%
EBITDA	144.12	192.66	231.4	220.75	123.37	134.97
EBITDA Margin	6.76%	9.05%	9.80%	10.00%	5.86%	6.77%
D&A For EBITDA	45.21	39.9	44.5	35.14	34.04	40.76
EBIT	98.91	152.76	186.9	185.61	89.34	94.21
EBIT Margin	4.64%	7.17%	7.92%	8.41%	4.24%	4.73%
Effective Tax Rate	20.20%	29.18%	29.10%	27.82%	28.24%	29.10%
Revenue as Reported	2,157	2,136	2,373	2,212	2,108	1,994
Advertising Expenses	-	1.02	4.11	0.64	0.03	0.03

Source: S&P Global Market Intelligence. Standard template. Financial Sources.