| Metric | Value (₹ Cr) | vs Q3 FY25 |
|---|---|---|
| Revenue | 351.97 | 0.7% |
| Total Income | 362.00 | 0.3% |
| Expenditure | 272.43 | 0.6% |
| PBT | 89.56 | 3.2% |
| Net Profit | 67.63 | 4.8% |
| OPM | 29.06% | 12.42pp |
| NPM | 18.68% | 0.80pp |
| EPS | 7.18 | 4.8% |
Happy Forgings Ltd Reports 5.3% EBITDA and 2.8% PAT Growth YoY in Q4FY25; Posts Best Ever Gross Profit, EBITDA and Net Margin in FY25
17 May 2025 · 17 May 2025, 05:41 pm
Summary
Happy Forgings Ltd, a leading engineering-led manufacturer of high-precision, safety-critical, heavy-forged, and machined components, announced its consolidated financial results for Q4FY25 and the full year ending March 31, 2025. The company posted a 5.3% YoY growth in EBITDA and a 2.8% YoY growth in PAT in Q4FY25. The company also reported its best ever gross profit, EBITDA, and net margin in FY25.
Key Highlights
- 1
Revenue from Operations in Q4FY25: INR 352 crores, up 2.5% YoY
- 2
Gross Profit in Q4FY25: INR 206 crores, up 6.4% YoY, with a 215 bps margin expansion
- 3
EBITDA in Q4FY25: INR 102 crores, up 5.3% YoY, with a 76 bps margin improvement
- 4
PAT in Q4FY25: INR 68 crores, up 2.8% YoY
- 5
Revenue from Operations in FY25: INR 1,409 crores, up 3.7% YoY
- 6
Gross Profit in FY25: INR 817 crores, up 7.3% YoY, with a 193 bps margin expansion
- 7
EBITDA in FY25: INR 407 crores, up 4.9% YoY
- 8
PAT in FY25: INR 267 crores, up 10.1% YoY
Management Comments
Mr. Ashish Garg
Managing Director, Happy Forgings Limited
We delivered our best-ever full-year profitability, with a Gross Profit margin of 58.0%, an EBITDA margin of 28.9%, and an adjusted PAT margin of 18.6%, reflecting consistent profitability improvement over the years. Revenues grew 4.7% yoy on an adjusted basis, despite a ~4% impact from the decline in steel prices. Adjusted EBITDA and PAT grew by 7.4% and 11.2%, respectively. Realisation for the year stood at Rs. 248/kg, 1.5 times higher than 2021 levels. During the year, we announced new orders worth over Rs. 1,600 Crs in the PV and Industrial segments, to be executed over the next 5- 8 years, with annual peak sales potential from these orders exceeding Rs. 250 Crs.
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