Happy Forgings Limited has informed the Exchange regarding Outcome of Board Meeting held on August 09, 2025.
HAPPYFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations grew modestly to Rs 353.80 crores from Rs 341.47 crores in Q1 FY25, a rise of about 3.6%. Profit after tax increased to Rs 65.69 crores from Rs 61.07 crores, up roughly 7.6%, with EPS at Rs 6.97 versus Rs 6.48. The statutory auditor S.R. Batliboi & Co. LLP issued a clean limited review report with no qualifications. The board also appointed SCV & Co. LLP and KPMG Assurance and Consulting Services LLP as internal auditors for FY 2025-26. An IPO proceeds update shows Rs 301.35 crores utilized out of Rs 377.82 crores raised, with Rs 76.47 crores unutilized and parked in fixed deposits.
Results are stable with single-digit growth in both revenue and profit, reflecting a steady quarter rather than a strong beat. Appointment of big-name internal auditors (KPMG) and a clean auditor review are neutral-to-slightly positive governance signals for shareholders.