Happy Forgings Q1 FY27 Revenue Up 27% to ₹449 Cr, PAT Grows 39%

Happy Forgings Ltd announced its consolidated financial results for the quarter ended June 30, 2026 (Q1 FY27), reporting a record-breaking performance. Revenue from operations surged 27.0% year-on-year to ₹449 crores, driven by a 23.1% increase in finished goods volume and a 3.2% rise in realization. Profitability saw significant improvements, with Gross Profit up 33.1% to ₹273 crores, EBITDA up 39.3% to ₹141 crores, and Profit After Tax (PAT) growing 39.2% to ₹91 crores. EBITDA margin expanded to 31.3% and PAT margin reached 20.4%, marking a first-time achievement for the latter. The company also highlighted diversification efforts, with increased contributions from the Passenger Vehicles and Industrials segments, and a strong order book visibility of approximately ₹950 crores over the next 2-3 years.