HAPPYFORGE Happy Forgings Q4 FY26 results (Jan–Mar 2026) and concall
Happy Forgings delivered its highest ever annual profitability in FY26, driven by strong revenue growth, margin expansion, and increased machining mix. The company secured a significant new order book for value-added products and is expanding capacity to support future growth, particularly in new segments like data centers and passenger vehicles. While global market challenges persist, management is confident in its ability to pass on cost increases and leverage its diversified portfolio for continued growth.
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What they filed
Q4 FY26: revenue up 20.5%, net profit up 23.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 361 | 354 | 352 | 354 | 377 +4% | 391 +10% | 424 +20% |
| EBITDA | 105 | 101 | 102 | 101 | 116 +10% | 120 +19% | 133 +30% |
| Net profit | 71 | 65 | 68 | 66 | 73 +3% | 79 +22% | 84 +24% |
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.





