Happy Forgings Q1 FY27 results (Apr–Jun 2026) and concall

Capital Goods · Concall AI · Call held 5 Aug 2026

Company page: Happy Forgings share price, financials & guidance record

Happy Forgings Limited reported a strong Q1 FY27, achieving its highest-ever quarterly revenue and PAT with significant year-on-year growth of 27.0% and 39.2% respectively. Profitability improved substantially, with EBITDA margin expanding to 31.3%. The company's order book stands at ₹950 crores, driven by diversification into industrial and passenger vehicle segments, with a strong export focus. Capacity expansion is progressing as planned, and management is confident in sustaining margins and growth.

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What they filed

Q1 FY27: revenue up 26.8%, net profit up 37.9% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
Revenue	361	354	352	354	377 +4%	391 +10%	424 +20%	449 +27%
Expenses	256	253	250	253	262	271	291	309
EBITDA	105	101	102	101	116 +10%	120 +19%	133 +30%	141 +40%
Margin	29%	29%	29%	29%	31%	31%	31%	31%
Other income	13	7	10	10	6	8	6	11
Interest	2	2	2	2	2	2	4	3
Depreciation	20	19	20	21	22	22	25	26
Profit before tax	97	87	90	89	99 +2%	104 +20%	111 +23%	123 +38%
Tax rate	27%	26%	24%	26%	26%	24%	25%	25%
Net profit	71	65	68	66	73 +3%	79 +22%	84 +24%	91 +38%
EPS	7.58	6.85	7.19	6.97	7.79	8.37	8.86	9.69

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.

What they filed

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