Happy Forgings Limited, one of India’s leading engineering-led manufacturers of high-precision, safety-critical, and heavy-forged components, announced a steady performance in its Q1 FY26 results.
For the quarter ended 30 June 2025, revenue from operations came in at ₹354 crore, marking a 3.6% year-on-year (YoY) rise from ₹341 crore in the same period last year. This growth was driven by a 3.8% increase in volumes, stable realisations, and robust demand for high-quality, value-added products across key sectors.
Gross profit improved to ₹205 crore, up 6.3% YoY, with the gross profit margin expanding to 57.9% compared to 56.5% a year earlier. EBITDA also saw a 3.6% YoY increase, reaching ₹101 crore, supported by healthy operational efficiency and maintaining a strong margin of 28.6%.
Profit After Tax (PAT) stood at ₹66 crore, up 3% from ₹64 crore last year, with a PAT margin of 18.6%. Diluted earnings per share (EPS) rose to ₹6.96 from ₹6.76 in Q1 FY25.
The results underline Happy Forgings’ consistent growth trajectory and ability to sustain profitability despite challenging market conditions. In FY25, the company reported revenue of ₹1,409 crore and PAT of ₹262 crore, maintaining its position as a trusted supplier in the precision manufacturing industry.
