HAPPY FORGINGS LIMITED

Management reported that Happy Forgings Limited achieved record quarterly revenue of Rs. 449 crores and profit after tax (PAT) of Rs. 91 crores for Q1 FY27, marking year-on-year growth of 27% and 39.2%, respectively. The company noted a 23% increase in finished goods volumes and a 3.2% rise in realizations per kg. EBITDA for the quarter was Rs. 141 crores, with an EBITDA margin of 31.3%, reflecting a 275 basis point year-on-year expansion. Management highlighted strong performance across segments, particularly in commercial vehicles and farm equipment, while acknowledging challenges in export markets due to geopolitical conditions. The company is progressing with capacity expansion and has a robust order book of Rs. 950 crores, primarily driven by industrial and passenger vehicle programs. Management expressed optimism about maintaining high margins and volume growth in the upcoming quarters.

Management emphasized strong financial performance and growth opportunities.