Happy Forgings Limited has informed the Exchange regarding Outcome of Board Meeting held on May 17, 2025.
HAPPYFORGE · price
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The Board approved Standalone and Consolidated Audited Financial Results for Q4 and FY ended March 31, 2025, with an unmodified (clean) opinion from statutory auditors S.R. Batliboi & Co. LLP. Standalone revenue from operations grew to Rs. 1,40,889.47 lacs in FY25 from Rs. 1,35,823.58 lacs in FY24 (~3.7% growth), while profit after tax rose to Rs. 26,757.46 lacs from Rs. 24,298.67 lacs (~10% growth), and EPS improved to Rs. 28.40 from Rs. 26.78. The Board recommended a final dividend of Rs. 3 per equity share (face value Rs. 2), subject to shareholder approval. S.R. Batliboi & Co. LLP was re-appointed as statutory auditor for a second term (46th to 51st AGM, up to 2030), and new secretarial and cost auditors were appointed. The 46th AGM is scheduled for July 29, 2025 via video conferencing.
Steady but modest revenue growth with stronger profit growth suggests margin improvement. The clean audit opinion, healthy operating cash flow of Rs. 29,235.79 lacs, and 150% dividend (Rs. 3 on Rs. 2 face value) are positives for shareholders, while continuation of the CMD beyond age 70 and long-term auditor re-appointment indicate stability in governance.