Happy Forgings Limited (HAPPYFORGE) Q2 FY27 Financial Results: PAT ₹91 & Revenue ₹449 Cr(2 announcements)

Happy Forgings reported record quarterly results for Q1FY27, with revenue rising 27% YoY to ₹449 crores and PAT up 39% YoY to ₹91 crores, driven by 23% volume growth and improved realisations. Gross profit reached ₹273 crores (+33% YoY) and EBITDA ₹141 crores (+39% YoY), with margins expanding significantly. Management highlighted strong export demand, product mix shift toward higher-value machined products, and a robust order book targeting ₹950 crores revenue over the next 2–3 years. The company reaffirmed its optimistic outlook for FY27, citing capacity utilisation gains and strategic investments in manufacturing and solar power to support future growth.

Happy Forgings reported record Q1 FY27 revenue of ₹449 crores, up 27% YoY, driven by 23.1% volume growth and 3.2% higher realisation. Gross profit rose 33.1%, EBITDA 39.3%, and PAT 39.2%, with margins expanding significantly: gross margin at 60.7% (+276 bps), EBITDA margin at 31.3% (+275 bps), and PAT margin at 20.4% (+178 bps). Export revenue grew 30% and now contributes 28% of total, supported by a visible order book of ₹950 crores spanning 2–3 years. The company emphasized capacity expansion, including new heavy forging lines and a 20 MW captive solar plant, reinforcing its position as a top-tier Indian forging player.