| Metric | Value (₹ Cr) | vs Q4 FY25 |
|---|---|---|
| Revenue | 353.80 | 0.5% |
| Total Income | 364.15 | 0.6% |
| Expenditure | 275.51 | 1.1% |
| PBT | 88.64 | 1.0% |
| Net Profit | 65.69 | 2.9% |
| OPM | 28.59% | 0.47pp |
| NPM | 18.04% | 0.64pp |
| EPS | 6.97 | 2.9% |
Happy Forgings Reports 3.6% YoY Growth in Q1FY26 Revenue and EBITDA; PAT up by 3.0%
09 Aug 2025 · 9 Aug 2025, 04:03 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 the quarter ending 30th June 2025. The company reported a 3.6% YoY growth in both EBITDA and revenue, with PAT up by 3.0%.
Key Highlights
- 1
Revenue from Operations: INR 354 crores, up 3.6% YoY
- 2
Gross Profit: INR 205 crores, up 6.3% YoY
- 3
EBITDA: INR 101 crores, up 3.6% YoY
- 4
PAT: INR 66 crores, up 3.0% YoY
- 5
Domestic demand remained healthy, particularly in the Passenger Vehicles, Farm Equipment, and Industrial segments
- 6
Export demand was impacted by sluggish demand in the Commercial Vehicles, Farm Equipment, and Off-Highway segments
- 7
New business wins and entry into new segments offset the impact of declining offtake in some older businesses
- 8
Passenger Vehicles and Industrials segments continue to scale up as part of the broader portfolio diversification strategy
Management Comments
Mr. Ashish Garg
Managing Director, Happy Forgings Limited
Despite persistent headwinds in several end-user industries and a deflationary steel price environment, we delivered a resilient performance in Q1 FY26. Finished goods volume grew by ~4% year-on-year, and revenue from operations recorded a similar growth, supported by stable realisations of X245/kg despite lower input steel prices. Domestic demand remained healthy, particularly in the Passenger Vehicles, Farm Equipment, and Industrial segments, driving ~7% year-on-year growth in our domestic business. In contrast, exports were impacted by sluggish demand in the Commercial Vehicles, Farm Equipment, and Off-Highway segments, as well as uncertainty around tariffs in certain geographies. Amid these challenges, where the industry is facing pressure on both growth and margins, we have managed to maintain strong profitability.
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