| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 391.31 | 3.7% | 10.4% |
| Total Income | 399.47 | 4.1% | 10.7% |
| Expenditure | 295.80 | 3.8% | 7.9% |
| PBT | 103.67 | 5.1% | 19.4% |
| Net Profit | 78.94 | 7.5% | 22.3% |
| OPM | 30.77% | 0.09pp | 14.13pp |
| NPM | 19.76% | 0.62pp | 1.88pp |
| EPS | 8.37 | 7.5% | 22.2% |
Happy Forgings Ltd Reports Highest Ever Quarterly Sales, EBITDA and PAT Performance
09 Feb 2026 · 9 Feb, 4:17 pm
Summary
Happy Forgings Ltd, one of India’s leading engineering-led manufacturers of high-precision, safety-critical, heavy-forged, and machined components, announced its consolidated financial results for the quarter and nine months ending 31 December 2025. The company reported a YoY increase in revenue, gross profit, EBITDA, and PAT for both the quarter and the nine months ended 31 December 2025.
Key Highlights
- 1
Revenue from Operations for Q3FY26 was Rs. 391 crores, up 10.4% YoY
- 2
Gross Profit for Q3FY26 was Rs. 230 crores, up 12.2% YoY
- 3
EBITDA for Q3FY26 was Rs. 120 crores, up 18.7% YoY
- 4
PAT for Q3FY26 was Rs. 79 crores, up 22.3% YoY
- 5
Revenue from Operations for 9MFY26 was Rs. 1,122 crores, up 6.2% YoY
- 6
Gross Profit for 9MFY26 was Rs. 663 crores, up 8.5% YoY
- 7
EBITDA for 9MFY26 was Rs. 337 crores, up 10.8% YoY
- 8
PAT for 9MFY26 was Rs. 218 crores, up 9.2% YoY
- 9
Capacity expansion with 9,800 MT Machining Capacity Addition and 10,000-Tonne Press Commissioning
- 10
Visibility of incremental business of ~Rs.800 crores at peak annual rate
Management Comments
Mr. Ashish Garg
Managing Director, Happy Forgings Limited
We are pleased to have delivered a strong performance in Q3FY26, reflected in continued scale-up in revenues and an improving profitability trend. The quarter was marked by peak quarterly EBITDA and PAT margins, underscoring the operating leverage and execution strength of our business model. We expect this momentum to carry into Q4FY26 and extend into FY27.
Informational and educational content only. Not investment advice.