StockWatch
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Castings & Forgings
Expansion5 Nov 2026, 04:43 pm

Happy Forgings Approves ₹500 Cr Capex for Capacity Expansion

AI Summary

Happy Forgings Ltd announced board approval for a significant capital expenditure of ₹500 crores to expand its existing forging and machining capacity. The company also disclosed its unaudited financial results for the quarter and half-year ended September 30, 2026. Revenue from operations for the quarter stood at ₹50,074.96 Lacs, with a profit before tax of ₹3,146.88 Lacs. For the half-year, revenue was ₹95,017.19 Lacs, and profit before tax was ₹6,017.79 Lacs. The expansion aims to bolster the company's manufacturing capabilities.

Key Highlights

  • Board approved ₹500 crore capex for capacity expansion.
  • Expansion targets forging and machining capabilities.
  • Q2 FY27 revenue at ₹50,074.96 Lacs.
  • H1 FY27 profit before tax at ₹6,017.79 Lacs.
  • Unaudited financial results for Q2 and H1 FY27 declared.