Happy Forgings Q2 FY27: PAT ₹91 & Rev ₹449 Cr

Metric	Value
Revenue	₹449 Cr
Net Profit (PAT)	₹91

📢 Key Event
Happy Forgings reported Q1 FY27 revenue of ₹449 crores (+27% YoY) and PAT of ₹91 crores (+39.2% YoY).

🔄 What Changed
Revenue grew 27% YoY to ₹449 crores; PAT grew 39.2% YoY to ₹91 crores; EBITDA margin expanded 275 bps to 31.3%; PAT margin rose 178 bps to 20.4%; order book increased to Rs.950 crores.

🔮 What's Next
Management expects high teen volume growth in FY27; EBITDA margins to remain broadly in line with FY26 with potential for improvement; diversification into complex high-margin products to support resilience.

💡 Investor Takeaway
Shareholders can expect sustained growth from industrial and passenger vehicle segments, with capacity expansion and pricing power supporting margins and profitability.

Happy Forgings reported robust Q1 FY27 results with revenue of ₹449 crores (+27% YoY) and PAT of ₹91 crores (+39.2% YoY), driven by 23% volume growth, higher realizations at Rs.253/kg, and successful OEM price revisions. Capacity expansion added 4,000-ton forging and 7,200 MT machining lines, raising total forging capacity to 152,000 MT. Order book stands at Rs.950 crores, with 40% from industrial and 25-30% from passenger vehicles. Management expects high teen volume growth in FY27, EBITDA margins to remain broadly in line with FY26, and diversification into complex high-margin products to support resilience.

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About Happy Forgings Limited (HAPPYFORGE)

Capital Goods · Castings, Forgings & Fastners · Listed on NSE

Market Cap: ₹22,763.21 Cr P/E: 69.5 ROE: 15.4% ROCE: 18.2% Div Yield: 0.17%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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