Happy Forgings Limited has informed the Exchange regarding a press release dated May 17, 2025, titled "Happy Forgings Press Release".
HAPPYFORGE · price
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Happy Forgings reported its Q4FY25 and FY25 consolidated financial results, posting record full-year profitability. Q4FY25 revenue grew 2.5% YoY to Rs. 352 crores, with EBITDA up 5.3% to Rs. 102 crores and PAT up 2.8% to Rs. 68 crores. For FY25, revenue rose 3.7% YoY to Rs. 1,409 crores, EBITDA grew 4.9% to Rs. 407 crores (margin 28.9%), and PAT jumped 10.1% to Rs. 267 crores. The company achieved its best-ever gross profit margin of 58.0% and EBITDA margin of 28.9% for the full year. The Board recommended a dividend of Rs. 3 per share, and new orders worth over Rs. 1,600 crores were secured in PV and Industrial segments. The company maintains a strong balance sheet with Rs. 356 crores in liquidity and a debt-to-equity ratio of just 0.1x.
The results show steady, margin-led growth despite headwinds from falling steel prices and weakness in international CV and farm equipment segments. The strong order book, healthy balance sheet, and focus on higher-value machined products (87% of mix) suggest positive outlook, though modest dividend payout (~11%) and single-digit revenue growth may limit immediate upside excitement.