Happy Forgings Ltd

Happy Forgings Ltd announced board approval for a significant capital expenditure of ₹500 crores to expand its existing forging and machining capacity. The company also disclosed its unaudited financial results for the quarter and half-year ended September 30, 2026. Revenue from operations for the quarter stood at ₹50,074.96 Lacs, with a profit before tax of ₹3,146.88 Lacs. For the half-year, revenue was ₹95,017.19 Lacs, and profit before tax was ₹6,017.79 Lacs. The expansion aims to bolster the company's manufacturing capabilities.

Happy Forgings Ltd announced its unaudited financial results for the quarter and half year ended September 30, 2026. The Board of Directors also approved a capital expenditure of ₹500 crores for the expansion of its existing forging and machining capacity. The company's financial results and the Limited Review Report from its statutory auditor were considered and approved during the board meeting held on November 05, 2026. The trading window will re-open 48 hours after the announcement of the results.

Happy Forgings' consolidated revenue came in at ₹500.75 Cr, up 32.7% YoY (₹377.39 Cr in Q2 FY26) and 11.4% QoQ (₹449.42 Cr in Q1 FY27), with PAT at ₹97.50 Cr, up 32.8% YoY (₹73.44 Cr) and 6.6% QoQ (₹91.46 Cr). EPS rose to ₹10.33 from ₹7.79 a year ago. Standalone mirrors this almost exactly (PAT ₹97.51 Cr) — the only subsidiary, HFL Technologies, is immaterial this quarter (a ₹0.68 lacs net loss) — so there is no divergence between the two sets of numbers worth flagging. Operating margin held at 30.6%, essentially flat YoY (30.68%) and down modestly from 31.34% in Q1 FY27; net margin was 19.5% versus 19.14% a year ago and 19.86% last quarter. PAT grew almost exactly in line with revenue (32.8% vs 32.7% YoY) rather than outpacing it, so this quarter's growth is volume/price-led rather than margin-led — consistent with management's own FY27 framing that EBITDA margins would stay "broadly in line with FY26 levels with upside potential" rather than expand meaningfully quarter to quarter. No analyst estimate specific to this quarter's revenue or PAT could be confirmed via search — only a full-year FY27 consensus of roughly ₹1,860 Cr revenue and ₹38.20 EPS turned up — so the print is being judged against the company's own guidance rather than a street number, and no press-release commentary from management was available for this filing to cross-check. Against that guidance — FY27 volume growth raised to "high teen" and capex of ₹350-400 Cr/year — this quarter's 32.7% YoY revenue growth runs well ahead of the guided volume pace, pointing to price/mix doing some of the lifting alongside volumes. Separately, alongside the results, the board approved a fresh ₹500 Cr capex — over and above the guided annual run-rate — to add roughly 24,000 MT of forging (+15%) and 14,000 MT of machining (+17%) capacity, phased across FY28-29 and funded via internal accruals and debt; this comes even as H1 FY27 utilization sits at a moderate 60% (forging) and 77% (machining), so the expansion is being built for forward demand visibility rather than an immediate bottleneck. A final FY26 dividend of ₹4/share (₹37.75 Cr) was also paid out during the quarter. Going into H2 FY27, the markers to watch are whether OPM holds near the 30-31% band guided, whether revenue growth keeps outrunning the high-teen volume guide (implying continued price/mix support), and the pace at which the new ₹500 Cr capacity program begins showing up in capex spend.

Happy Forgings Ltd has announced that its Board of Directors will convene on November 5, 2026. The meeting agenda includes the consideration and approval of the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Consequently, the trading window for designated persons, which commenced on October 1, 2026, will remain closed for 48 hours after the financial results are disseminated.

Happy Forgings Ltd has announced the closure of its trading window for designated persons and their immediate relatives. The closure is effective from Thursday, October 1, 2026, and will remain in effect until 48 hours after the Board Meeting. This meeting will be held to consider the unaudited standalone and consolidated financial results for the quarter ended September 30, 2026. The company will intimate the date of the Board Meeting in due course. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's code of conduct.

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.