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Happy Forgings Limited Q1 FY27 results deck summary

NSE: HAPPYFORGE · BSE: 544057

Results deck of 4 Aug 2026, summarised by AI from the filing.

Management expects production and sales volumes to strengthen progressively over FY27, supported by improving demand and ramp-up of recently secured business.

Key takeaways

  1. Guidance Management expects production and sales volumes to strengthen progressively over FY27, supported by improving demand and ramp-up of recently secured business.
  2. Margin expansion EBITDA margin remained above 30% for the fourth consecutive quarter; PAT margin exceeded 20% for the first time.
  3. Growth driver Incremental order book largely led by exports, Passenger Vehicles and Industrials provides visibility on additional annual revenue ramping up to appx. ₹950 cr over the next 2–3 years.
  4. Risk Significant capex cycle with new capacities under ramp-up; further gains expected as utilisation stabilises.

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.