Hilton Metal Forging Ltd reports exceptional operational and financial performance; Net Profit up 82% to Rs. 6.14 crore in 9MFY24

Telugu super news,Mumbai ,March7th, 2024: Hilton Metal Forging Ltd – prominent manufacturer and distributor in the steel forging industry, specializing in products such as for railway forged wagon wheel has reported exceptional operational and financial performance for Q3 FY24 and 9MFY24.

Net profit of the company for Nine months ended December 2023 rise 82% to Rs.
6.14 crore as compared to net profit of Rs. 3.37 crore reported in the corresponding period last
year. Total income of the company also registered growth of 41% to Rs. 105.34 crore in 9M
FY24 as compared to total income of Rs. 74.48 crore reported in same period last year.

Going forward, the company is eying big business for Railway Forged Wagon Wheel and has
installed capacity to manufacture 48,000 Wheels annually. Company aims to meet the
increasing demand in the replacement market and is also looking forward to bigger Railway
Forged Wagon Wheel Orders in the near future through tender route.

For Q3FY24 company reported net profit of Rs. 2.11 crore, Y-o-Y growth of 68% and Total
income of Rs. 42 crore with Y-o-Y growth of 44%. The company has reported improvement in its
business performance over the years. Net Profit of the company for FY23 was reported at Rs.
5.85 crore, 3 fold growth from net profit of Rs. 1.76 crore in FY22. Total income also rise 25% to
Rs. 105.4 crore in FY23 as against Rs. 84.2 crore in FY22. Net profit margin of the company
has improved to 6.71% in FY23 as against 2.1% in FY22 on account of increase in operating
performance.

Established in the year 2005, Hilton Metal Forging Ltd stands as a prominent manufacturer and
distributor in the steel forging industry, specializing in products such as flanges, fittings, and
oilfield and marine products. The company has successfully expanded its portfolio by
manufacturing turbine blades, and making inroads into the railway industry with the production
of forged wheels.

Company has complete in-house facility of Forging, Machining, Heat Treatment and Lab Testing under one roof at it’s manufacturing facility spread across 5 acres at Wada, Maharashtra Company had initiated development of technically specialized product – Railway Forged Wagon
wheel business in early 2022. In the last 18 months the company has supplied more than 2000
Railway Forged Wagon Wheels and Rail Gear Blanks. Company supplies Railway Forged
Wagon Wheel for the replacement market across various Indian Railway Workshops in India.

With the demonstrated quality and delivery, Railway Forged Wagon Wheel has been approved
by the Third Party Inspection agency- RITES Ltd. Hilton Metal Forgings Limited with proven
successful track record makes it a strong bidder for the Global Wheel Tender floated by Indian
Railways. Company is also looking forward to bigger Railway Forged Wagon Wheel Orders in
the near future through tender route.

The Board of Directors proudly announced that the company has successfully developed and
supplied railway wheels to the Indian Railways, achieving the distinction of being the first Indian
MSME company to produce Indigenous Forged Railway Wheels. The company is now eligible
to participate in Global tenders.

In a significant development, Jupiter Wagons has placed an order for 250 Forged Wagon Wheel
sets with Hilton Metal Forging Ltd as a trial order. Following the successful supply of the initial
250 sets, Jupiter Wagons has issued a Letter of Intent (LOI) for procuring 6000 Forged Wagon
Wheel sets annually, highlighting the company’s growing recognition and potential in the
market. Additionally, Hilton Metal Forging Ltd identifies other Wagon Manufacturing OEMs as
potential clients for Forged Wagon Wheelsets, indicating the company’s expanding market
reach and promising future in the railway industry.