Happy Forgings' Q1 FY 2026-27 Quarterly Results

Result Summary

• Happy Forgings Ltd reported a 7.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 26.5%.
• Its expenses for the quarter were up by 6.0% QoQ and 22.6% YoY.
• The net profit increased 9.5% QoQ and increased 39.2% YoY.
• The earnings per share (EPS) of Happy Forgings Ltd stood at 9.68 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Happy Forgings Ltd is a company engaged in the manufacturing industry, focusing on the production of forged components. These components are typically used in sectors such as automotive, construction, and infrastructure, where the demand for durable, precision-engineered parts is high. The company holds a significant position in the market due to its specialized manufacturing processes and commitment to quality. While specific recent developments regarding Happy Forgings Ltd are not available, companies in this industry often focus on technological advancements in forging techniques and expanding their product range to meet evolving customer needs.

Revenue

In Q1FY27, Happy Forgings Ltd reported a total income of ₹460.50 crores, signifying a quarter-over-quarter (QoQ) growth of 7.1% from ₹429.89 crores in Q4FY26. The year-over-year (YoY) increase was even more substantial at 26.5% compared to ₹364.15 crores in Q1FY26. This notable YoY growth in total income highlights the company's expanding market presence and potentially increasing demand for its products. The company's ability to sustain revenue growth over consecutive quarters points to its effective business strategies and market adaptability.

Profitability

Happy Forgings Ltd's profitability metrics indicate a positive trend. The Profit Before Tax (PBT) for Q1FY27 was ₹122.64 crores, reflecting a QoQ growth of 10.4% from ₹111.07 crores in Q4FY26, and a YoY increase of 38.4% from ₹88.64 crores in Q1FY26. After accounting for taxes, the Profit After Tax (PAT) for Q1FY27 stood at ₹91.46 crores, which is a 9.5% QoQ increase from ₹83.56 crores and a 39.2% YoY growth from ₹65.69 crores. The earnings per share (EPS) also grew by 9.5% QoQ and 39.1% YoY, reaching ₹9.68. These figures demonstrate the company's ability to enhance profitability through effective cost management and revenue growth.

Operating Metrics

The total expenses for Happy Forgings Ltd in Q1FY27 were ₹337.87 crores, marking a 6.0% QoQ increase from ₹318.82 crores in Q4FY26, and a 22.6% YoY rise from ₹275.50 crores in Q1FY26. The tax paid in Q1FY27 was ₹31.18 crores, which increased by 13.4% QoQ from ₹27.50 crores and by 35.8% YoY from ₹22.96 crores. These figures suggest that while the company is experiencing growth in income, it is also effectively managing its expenses. The consistent increase in total expenses aligns with the growth in total income, maintaining a stable cost-income ratio over the assessed periods. This balance between income and expenses is crucial for sustaining long-term operational efficiency.