| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 354.32 | 1.9% |
| Total Income | 360.94 | 3.5% |
| Expenditure | 274.12 | 1.0% |
| PBT | 86.82 | 10.7% |
| Net Profit | 64.55 | 9.6% |
| OPM | 16.64% | 0.78pp |
| NPM | 17.88% | 1.19pp |
| EPS | 6.85 | 9.6% |
Happy Forgings Limited Reports 3.6% YoY Revenue Growth in Q3FY25 and 11.5% PAT Growth
07 Feb 2025 · 7 Feb 2025, 10:05 pm
Summary
Happy Forgings Limited, a leading engineering-led manufacturer of high-precision, safety-critical, heavy-forged, and machined components, announced its consolidated financial results for Q3FY25 and the nine months ending December 31, 2024. The company reported a 3.6% YoY growth in revenue from operations, driven by higher realizations and strong growth in Industrials and Passenger Vehicles business segment. The gross profit increased by 8.3% YoY with a 249 bps margin expansion. The EBITDA and PAT also increased by 6.6% YoY and 11.5% YoY, respectively. The company has also announced a 3650 crore investment to establish advanced forging capabilities in the heavyweight components segment.
Key Highlights
- 1
Revenue from Operations: INR 354 crores, up 3.6% YoY
- 2
Gross Profit: INR 205 crores, up 8.3% YoY, with a 249 bps margin expansion
- 3
EBITDA: INR 101 crores, up 6.6% YoY, with an 80 bps margin improvement
- 4
PAT: INR 65 crores, up 11.5% YoY
- 5
Announced a 3650 crore investment to establish advanced forging capabilities
Management Comments
Mr. Ashish Garg
We closed Q3FY25 and 9MFY25 on a positive note, navigating headwinds in underlying industry segments and despite a decline in raw material prices. Driven by a ~4% improvement in realizations and a favourable product mix shift, we achieved 3.6% revenue growth in Q3FY25, with Gross Profit, EBITDA, and PAT increasing by 8.3%, 6.6%, and 11.5% YoY, respectively. Increased contribution from Industrials and Passenger Vehicles segment, helped us drive sustainable growth and profitability during this period. As part of our growth and diversification strategy, we have announced a 3650 crore investment to establish advanced forging capabilities in the heavyweight components segment which will drive long-term growth in Industrials and Exports segment while delivering strong returns.
Informational and educational content only. Not investment advice.