Happy Forgings Limited has informed the Exchange about Investor Presentation
HAPPYFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Happy Forgings reported Q1 FY26 revenue of ₹354 Cr, up 3.6% YoY, driven by a 3.8% rise in finished goods volume to 14,457 MT while realisations stayed flat at ₹245/kg. Gross profit grew 6.3% to ₹205 Cr with gross margin expanding 140 bps to 57.9%, even as EBITDA margin held steady at 28.6%. PAT rose 3% to ₹66 Cr. Domestic business grew ~7% YoY led by Passenger Vehicles, Farm Equipment, and Industrials, while exports were weak due to tariff uncertainty and sluggish demand in CV and Off-Highway segments. The company ended the quarter with over ₹350 Cr in liquidity, is net debt-free on a net basis, and is progressing on its ₹650 Cr Heavy Forgings capex (to be commissioned by FY27) along with ₹80 Cr planned for the PV segment.
Resilient quarter with margin expansion despite volume pressure in exports and a weak steel price environment, reinforcing confidence in the business model. Investors should watch for the ramp-up of new heavy forging capacity by FY27 and the trajectory of export demand as tariff clarity emerges.