HAPPYFORGE Happy Forgings Q2 FY26 results (Jul–Sep 2025) and concall
Happy Forgings delivered a strong Q2 FY26, marked by record-high gross and EBITDA margins, driven by a favorable product mix and new business wins. While domestic demand remained healthy across all major sectors, export markets faced significant headwinds from global weaknesses and US tariffs. The company is actively progressing its INR 650 crores strategic capex program and exploring inorganic growth opportunities to sustain its growth momentum amidst a challenging global environment.
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What they filed
Q2 FY26: revenue up 4.4%, net profit up 2.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 361 | 354 | 352 | 354 | 377 +4% |
| EBITDA | 105 | 101 | 102 | 101 | 116 +10% |
| Net profit | 71 | 65 | 68 | 66 | 73 +3% |
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.
