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Happy Forgings Limited Q1 FY26 earnings call summary

NSE: HAPPYFORGE · BSE: 544057

Earnings call of 11 Aug 2025, summarised by AI from the filing.

Happy Forgings Q1 FY26 revenue ₹354 cr, up 3.6% YoY, EBITDA margin 28.6%; management remains bullish on 15%-18% medium-term growth.

Key takeaways

  1. Medium-term guidance Management remains bullish on 15%-18% growth on a medium-term basis, subject to market stability.
  2. Demand risk Global CV industry challenging; US and European OEMs reported 8-10% decline in CV unit sales.

Original filing on BSE

Happy Forgings Limited Q1 FY27 results

As filed: Revenue ₹449 cr (+27% year on year), EBITDA ₹141 cr (+38% year on year), PAT ₹91.5 cr (+39% year on year), EBITDA margin 31.3% (+253 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹424 cr (+20% year on year), EBITDA ₹133 cr (+31% year on year), PAT ₹83.6 cr (+23% year on year), EBITDA margin 31.5% (+248 bps). Score 90 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin rose 248 bps year on year. Share price after the results: +1.0% in 29 days (Nifty 500: +2.4%).
  • Q3 FY26: Revenue ₹391 cr (+11% year on year), EBITDA ₹120 cr (+19% year on year), PAT ₹78.9 cr (+21% year on year), EBITDA margin 30.8% (+224 bps). Score 62 of 100, In line with trend. EBITDA margin rose 224 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: +17.8% in 30 days (Nifty 500: −5.9%).
  • Q2 FY26: Revenue ₹377 cr (+4% year on year), EBITDA ₹117 cr (+10% year on year), PAT ₹73.0 cr (+3% year on year), EBITDA margin 31.0% (+167 bps). Score 45 of 100, In line with trend. EBITDA margin rose 167 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: +5.3% in 30 days (Nifty 500: +1.0%).
  • Q1 FY26: Revenue ₹354 cr (+4% year on year), EBITDA ₹102 cr (+5% year on year), PAT ₹66.0 cr (+3% year on year), EBITDA margin 28.8% (+37 bps). Score 39 of 100, Below trend. EBITDA margin rose 37 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: −8.2% in 30 days (Nifty 500: +1.9%).
  • Q4 FY25: Revenue ₹352 cr (+3% year on year), EBITDA ₹102 cr (+5% year on year), PAT ₹68.0 cr (+3% year on year), EBITDA margin 29.0% (+70 bps). Score 39 of 100, Below trend. EBITDA margin rose 70 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: +16.8% in 30 days (Nifty 500: +1.0%).
  • Q3 FY25: Revenue ₹354 cr (+4% year on year), EBITDA ₹101 cr (+5% year on year), PAT ₹65.0 cr (+12% year on year), EBITDA margin 28.5% (+46 bps). Score 43 of 100, In line with trend. EBITDA margin rose 46 bps year on year. Not enough history for a trend yet: scored on growth alone. Profit fell 8% from last quarter.
  • Q2 FY25: Revenue ₹361 cr, EBITDA ₹106 cr, PAT ₹71.0 cr, EBITDA margin 29.4%. Not scored. No result for the same quarter last year.

Past price moves after results do not indicate future moves. Not a recommendation.

Happy Forgings Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.