Happy Forgings Ltd

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.

Happy Forgings Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The company's Board of Directors approved the standalone and consolidated results along with the auditor's limited review report. The meeting took place on August 04, 2026. Key financial figures for the quarter include total income of ₹46,050.59 lacs and revenue from operations of ₹44,942.23 lacs. The results were prepared in accordance with Ind AS 34 and reviewed by S.R. Batliboi & Co. LLP.

Happy Forgings posted consolidated PAT of ₹91.46 Cr for Q1 FY27, up 39.2% YoY (₹65.69 Cr) and 9.5% QoQ (₹83.56 Cr), on revenue from operations of ₹449.42 Cr, up 27.0% YoY and 6.0% QoQ. Basic EPS came in at ₹9.70 versus ₹6.97 a year ago. Standalone and consolidated figures are effectively identical this quarter, with the sole subsidiary, HFL Technologies, contributing nil revenue. This is well ahead of the Street's pre-result expectation of 15-20% YoY PAT growth on revenue of roughly ₹400-420 Cr (per Motilal Oswal, ICICI Securities and other brokerage previews) — a clear beat on both the top and bottom line. Operating margin (EBITDA proxy: PBT − other income + finance costs + depreciation, over revenue from operations) was 31.3%, up ~275 bps YoY from 28.6% but essentially flat against Q4 FY26's 31.5% — resolving the pre-result question of whether 31.5% was a floor or a one-off: it held, without extending further this quarter. Net profit margin improved to 19.9% of total income, from 19.4% in Q4 FY26 and 18.0% a year ago. The expansion is coming mainly from operating leverage on employee costs (8.6% of revenue versus 9.1% a year ago) as volumes scaled, while the raw-material-to-revenue ratio stayed broadly stable (41.8% versus 41.2% YoY) — cost discipline held but wasn't the driver of the margin gain. Against management's own FY27 guidance from the Q4 FY26 concall — late-teen volume growth with EBITDA margins broadly in line with FY26 — the quarter tracks ahead: 27% revenue growth outpaces the "late-teens" framing even allowing for price/mix, and margins expanded rather than merely held. No press release or management commentary accompanied this filing beyond the standard board-outcome letter, so there is no fresh management framing to reconcile against this quarter. The period's other corporate activity — the 47th AGM (Jul 27), the FY26 BRSR filing, and the annual report dispatch to non-email shareholders — was routine governance with no bearing on the operating numbers; no new capex tranches or order-book wins were disclosed alongside this result.

Happy Forgings Ltd has announced that its Board of Directors will convene on August 4, 2026. The primary agenda item for this meeting is to consider, examine, and approve the Unaudited Standalone & Consolidated Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report. In line with SEBI regulations, the trading window for designated persons, which was closed from July 1, 2026, will remain shut for 48 hours after the financial results are published.

Happy Forgings Ltd. has dispatched letters to shareholders who have not registered their email addresses. These letters provide a web-link to access the Annual Report for the Financial Year 2025-26 and the Notice of the 47th Annual General Meeting (AGM). The AGM is scheduled for Monday, July 27, 2026, at 11:30 AM (IST) via Video Conferencing/Other Audio Visual Means. This action complies with Regulation 36(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also reminded shareholders to update their KYC details as per SEBI Master Circular dated May 07, 2024, and to dematerialize physical securities. Shareholders are encouraged to register their email IDs for online services and to receive important information.

Happy Forgings Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The report, filed as per SEBI regulations, details the company's performance across environmental, social, and governance (ESG) parameters. It covers corporate identity, business activities contributing 100% to turnover from manufacturing metal products, and 92% from steel forgings and finished machined crankshafts. The company operates 3 plants and 2 offices nationally, serving a pan-India market and contributing 15% from exports. Employee data shows a total of 714 employees and 3,220 workers, with a small number of differently-abled workers.

Happy Forgings Ltd has issued a notice for its 47th Annual General Meeting (AGM) scheduled for Monday, July 27, 2026, at 11:30 AM IST. The meeting will be conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). Key agenda items include the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, the declaration of a final dividend of ₹4 per equity share, the reappointment of Mr. Ashish Garg as Managing Director, and the ratification of remuneration for the company's Cost Auditors, M/s. Rajan Sabharwal & Associates. The company will also seek approval for the commission payable to its Independent Directors.

Happy Forgings Ltd has submitted its 47th Annual Report for the financial year ended March 31, 2026, in compliance with SEBI (LODR) Regulations, 2015. The report includes the Notice of the 47th AGM, Board's Report, Management Discussion & Analysis, Corporate Governance Report, Business Responsibility and Sustainability Report, Independent Auditors' Report, and Audited Financial Statements (Standalone & Consolidated). Key financial highlights for FY26 include Revenue from Operations of ₹1,546 Cr (9.8% YoY growth), EBITDA of ₹471 Cr (15.7% YoY growth), and Profit After Tax (PAT) of ₹302 Cr (12.8% YoY growth). Operational performance saw Finished Goods Volume at 63,105 MT (10.9% YoY growth) and Capacity Utilisation for Forging at 59%. The report also details the company's market capitalization of ₹10,908 Cr as of March 30, 2026, and a dividend of ₹4.00 per share. The 47th AGM is scheduled for July 27, 2026.

Happy Forgings Ltd has announced the closure of its trading window in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut from Wednesday, July 1, 2026, until 48 hours after the board meeting to approve the financial results for the quarter ended June 30, 2026. The exact date of the board meeting will be communicated later. This measure is standard practice to prevent insider trading during the sensitive period of financial reporting.

Happy Forgings Ltd has released its standalone financial results for the quarter and year ended March 31, 2026. The results, audited by S.R. Batliboi & Co. LLP, are presented in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditor's report expresses an opinion that the financial results give a true and fair view of the company's net profit, other comprehensive income, and financial information for the specified period.