Happy Forgings Share Price in Focus; Reports 3% PAT Growth in Q1 FY26 Results

Happy Forgings Limited has announced its consolidated financial results for the quarter ended 30th June 2025.

Steady Revenue and Profit Growth

Revenue from operations for Q1 FY26 stood at ₹354 crore, marking a 3.6% year-on-year (YoY) increase. This growth was supported by a 3.8% rise in volumes, stable realisations, and a robust product mix comprising higher-quality, value-added offerings.

Gross profit reached ₹205 crore, up 6.3% YoY, with margin expansion of 144 basis points. EBITDA stood at ₹101 crore, also up 3.6% YoY, with margins holding at 28.6%. Profit after tax came in at ₹66 crore, a 3.0% YoY rise, with margins of 18.6%.

Sector Mix Highlights

The company’s revenue composition saw shifts across core segments:

• Commercial Vehicles: 39% share in Q1 FY26, down from 42% in Q1 FY25.
• Passenger Vehicles (PV): Share doubled to 6% from 3% YoY.
• Farm Equipment: Rose slightly from 31% to 32%.
• Industrials: Increased from 11% to 13%.
• Off-Highway Vehicles: Dipped from 12% to 10%.

Geographic and Product Mix

Domestic sales contributed 84% of revenue, while direct exports accounted for 16%. The share of machined products rose to 88% in Q1 FY26 from 87% in the previous year, indicating a continued focus on value-added manufacturing.

Happy Forgings Share Price Performance

On August 11, 2025, Happy Forgings share price (NSE: HAPPYFORGE) opened at ₹942.00, down from its previous close of ₹956.90. At 11:34 AM, the share price of Happy Forgings was trading at ₹968.40, up by 1.20% on the NSE.

Also Read: Auto Sales July 2025: Which Company Sold the Most 4 Wheelers in India?

Conclusion

Happy Forgings delivered a resilient performance in Q1 FY26 with broad-based growth, improved margins, and a stronger product mix. While the commercial vehicle segment saw a decline in share, gains in PV, industrial, and farm equipment segments, coupled with a higher contribution from machined products, highlight the company’s diversified growth strategy.

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