Happy Forgings quarterly results

Q1 FY27 · Apr–Jun 2026

₹ crore	Q1 FY27	Q1 FY26	Change
Revenue	449	354	+27.0%
EBITDA	141	101	+39.3%
EBITDA margin	31.3%	28.6%	+2.8 pts
Profit before tax	123	88.6	+38.3%
Net profit	91.5	65.7	+39.2%
EPS	₹9.70	₹6.97	+39.2%

Every quarter

₹ crore except per share

Tap a line for its trend	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024

Expenses
	449	424	391	377	354	352	354	361	341	343
	11.1	6.0	8.2	6.3	10.4	10.0	6.6	13.1	7.6	7.2
	461	430	399	384	364	362	361	374	349	351
	188	158	154	149	146	144	149	165	144	145
	−11.1	14.3	7.0	0.7	3.1	1.1	−0.0	−16.5	4.4	4.7
	38.7	36.4	34.4	33.7	32.1	32.3	32.8	30.7	29.0	29.5
	3.1	3.8	2.5	1.9	2.3	2.5	2.1	1.6	1.4	0.9
	26.2	24.5	22.4	21.6	20.6	20.3	19.1	19.7	18.0	16.0
	93.2	81.8	75.6	78.1	71.7	71.9	71.1	76.4	66.3	67.3
	338	319	296	285	276	272	274	277	263	263
	141	133	120	116	101	102	101	105	97.6	97.1
	115	109	98.0	94.2	80.6	82.0	82.3	85.7	79.6	81.1
Profit
	123	111	104	98.6	88.6	89.6	86.8	97.2	85.8	87.5
	123	111	104	98.6	88.6	89.6	86.8	97.2	85.8	87.5
	28.7	23.8	20.6	23.8	21.7	20.6	18.9	22.9	22.4	19.7
	2.5	3.7	4.1	1.4	1.3	1.3	3.3	3.0	−0.4	2.0
	31.2	27.5	24.7	25.2	23.0	21.9	22.3	25.9	22.0	21.7
	91.5	83.6	78.9	73.4	65.7	67.6	64.5	71.4	63.8	65.8
	91.5	83.6	78.9	73.4	65.7	67.6	64.5	71.4	63.8	65.8
	2.4	1.7	1.8	0.1	−4.6	−1.2	4.5	−3.7	1.9	4.2
	93.9	85.3	80.7	73.6	61.1	66.4	69.0	67.7	65.7	70.0
	—	83.6	78.9	73.4	65.7	67.6	—	71.4	63.8	65.8
Per share
	₹9.70	₹8.86	₹8.37	₹7.79	₹6.97	₹7.18	₹6.85	₹7.58	₹6.77	₹7.25
	₹9.68	₹8.84	₹8.36	₹7.78	₹6.96	₹7.18	₹6.84	₹7.57	₹6.76	₹7.24
Other comprehensive income — detail
	2.4	1.7	1.8	0.1	−4.6	−1.2	—	—	—	—
	0.3	0.8	0.9	0.1	0.1	0.0	0.1	−0.0	0.3	0.2
	0.1	0.2	0.2	0.0	0.0	0.0	—	—	—	—
	—	—	—	—	—	—	0.0	−0.0	0.1	0.0
	3.0	1.4	1.5	0.1	−6.2	−1.7	5.9	−4.9	2.3	5.4
	0.8	0.4	0.4	0.0	−1.6	−0.4	—	—	—	—
	—	—	—	—	—	—	1.5	−1.2	0.6	1.4
	—	—	—	73.6	61.1	—	—	—	65.7	70.0
Per share — as-filed variants
	₹9.70	₹8.86	₹8.37	₹7.79	₹6.97	₹7.18	₹6.85	₹7.58	₹6.77	₹7.25
	₹9.68	₹8.84	₹8.36	₹7.78	₹6.96	₹7.18	₹6.84	₹7.57	₹6.76	₹7.24
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	273	252	230	228	205	206	205	213	193	194
	60.7%	59.4%	58.9%	60.3%	57.9%	58.7%	58.0%	58.8%	56.5%	56.5%
Adjusted (ex-exceptional items) — derived
	123	111	104	98.6	88.6	89.6	86.8	97.2	85.8	87.5
	91.5	83.6	78.9	73.4	65.7	67.6	64.5	71.4	63.8	65.8
	₹9.70	₹8.86	₹8.37	₹7.79	₹6.97	₹7.18	₹6.85	₹7.58	₹6.77	₹7.25

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

HAPPYFORGE₹1,800.10

Happy Forgings Limited

· Capital Goods & Defence

Annual Quarterly₹ CrorePeersSTEELCAS NELCAST SGIL KALYANIFRG HILTONMcap ₹16,984 Cr

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In ₹ Crore except Per Share 3 Months Ending	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026
Revenue from Operations	343.3	341.5	361.1	354.3	352.0	353.8	377.4	391.3	423.8	449.4
Other Income	7.2	7.6	13.1	6.6	10.0	10.4	6.3	8.2	6.0	11.1
Total Income	350.5	349.1	374.2	360.9	362.0	364.2	383.6	399.5	429.9	460.5
Expenses
+ Cost of Materials Consumed	144.6	144.2	165.1	148.9	144.5	145.8	149.1	153.9	158.0	187.8
+ Changes in Inventories	4.7	4.4	-16.5	-0.0	1.1	3.1	0.7	7.0	14.3	-11.1
+ Employee Benefit Expense	29.5	29.0	30.7	32.8	32.3	32.1	33.7	34.4	36.4	38.7
+ Finance Costs	0.9	1.4	1.6	2.1	2.5	2.3	1.9	2.5	3.8	3.1
+ Depreciation & Amortisation	16.0	18.0	19.7	19.1	20.3	20.6	21.6	22.4	24.5	26.2
+ Other Expenses	67.3	66.3	76.4	71.1	71.9	71.7	78.1	75.6	81.8	93.2
Total Expenses	263.1	263.2	277.0	274.1	272.4	275.5	285.0	295.8	318.8	337.9
EBITDA	97.1	97.6	105.4	101.5	102.3	101.2	115.8	120.4	133.3	140.9
EBIT	81.1	79.6	85.7	82.3	82.0	80.6	94.2	98.0	108.8	114.6
Profit
PBT before Exceptional Items	87.5	85.8	97.2	86.8	89.6	88.6	98.6	103.7	111.1	122.6
Pretax Income	87.5	85.8	97.2	86.8	89.6	88.6	98.6	103.7	111.1	122.6
+ Current Tax	19.7	22.4	22.9	18.9	20.6	21.7	23.8	20.6	23.8	28.7
+ Deferred Tax	2.0	-0.4	3.0	3.3	1.3	1.3	1.4	4.1	3.7	2.5
Tax Expense	21.7	22.0	25.9	22.3	21.9	23.0	25.2	24.7	27.5	31.2
Net Income	65.8	63.8	71.4	64.5	67.6	65.7	73.4	78.9	83.6	91.5
+ Net Income — Continuing Ops	65.8	63.8	71.4	64.5	67.6	65.7	73.4	78.9	83.6	91.5
+ Other Comprehensive Income	4.2	1.9	-3.7	4.5	-1.2	-4.6	0.1	1.8	1.7	2.4
Total Comprehensive Income	70.0	65.7	67.7	69.0	66.4	61.1	73.6	80.7	85.3	93.9
Net Income to Common	65.8	63.8	71.4	—	67.6	65.7	73.4	78.9	83.6	—
Per Share
Basic EPS	7.25	6.77	7.58	6.85	7.18	6.97	7.79	8.37	8.86	9.70
Diluted EPS	7.24	6.76	7.57	6.84	7.18	6.96	7.78	8.36	8.84	9.68
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	-1.2	-4.6	0.1	1.8	1.7	2.4
+ Items NOT to be Reclassified to P&L	0.2	0.3	-0.0	0.1	0.0	0.1	0.1	0.9	0.8	0.3
+ Tax on Items NOT to be Reclassified	—	—	—	—	0.0	0.0	0.0	0.2	0.2	0.1
+ Tax on Items NOT to be Reclassified — alt tag	0.0	0.1	-0.0	0.0	—	—	—	—	—	—
+ Items to be Reclassified to P&L	5.4	2.3	-4.9	5.9	-1.7	-6.2	0.1	1.5	1.4	3.0
+ Tax on Items to be Reclassified	—	—	—	—	-0.4	-1.6	0.0	0.4	0.4	0.8
+ Tax on Items to be Reclassified — alt tag	1.4	0.6	-1.2	1.5	—	—	—	—	—	—
Comprehensive Income — Owners of Parent	70.0	65.7	—	—	—	61.1	73.6	—	—	—
Per Share — as-filed variants
Basic EPS — Continuing Operations	7.25	6.77	7.58	6.85	7.18	6.97	7.79	8.37	8.86	9.70
Diluted EPS — Continuing Operations	7.24	6.76	7.57	6.84	7.18	6.96	7.78	8.36	8.84	9.68
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	194.0	192.9	212.5	205.4	206.4	204.9	227.6	230.4	251.6	272.7
Gross Margin %	56.50	56.48	58.84	57.98	58.65	57.92	60.32	58.89	59.35	60.68
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	87.5	85.8	97.2	86.8	89.6	88.6	98.6	103.7	111.1	122.6
Net Income Adj (tax-effected)	65.8	63.8	71.4	64.5	67.6	65.7	73.4	78.9	83.6	91.5
EPS Adj	7.25	6.77	7.58	6.85	7.18	6.97	7.79	8.37	8.86	9.70
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Filed Debt Equity	0.00	0.00	0.00	0.00	0.12	3.04	10.00	0.00	0.15	0.16
Filed Dscr	0.00	1.00	0.00	0.00	0.00	0.13	20.34	0.00	40.66	42.49
Filed Iscr	—	1.00	62.00	0.00	0.00	38.77	20.34	0.00	40.66	42.49
Paid Up Equity Capital	18.8	18.8	18.8	18.8	18.8	18.9	18.9	18.9	18.9	18.9

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q1 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Happy Forgings Q2 FY27 results date

Happy Forgings (NSE: HAPPYFORGE) will announce its Q2 FY27 results (July–September 2026) on Thursday, 5 November 2026, according to the board-meeting notice it filed on 24 October 2026. Its latest results are for Q1 FY27 (April–June 2026). Consolidated net profit was ₹91.5 crore, up 39.2% from ₹65.7 crore in Q1 FY26 and up 9.5% from ₹83.6 crore in Q4 FY26. Revenue from operations was ₹449 crore, up 27.0% year on year and up 6.0% from the previous quarter.

Board-meeting notice filed: 24 October 2026
Q2 FY26 results (a year earlier): 6 November 2025
Q1 FY27 results (the latest): 4 August 2026

Latest results: Q1 FY27 (Apr–Jun 2026) · consolidated

Q2 FY27 results date: 5 November 2026Thursday · notice filed 24 Oct
Q1 FY27 net profit: ₹91.5 Cr+39.2% vs Q1 FY26+9.5% vs Q4 FY26
Q1 FY27 revenue: ₹449 Cr+27.0% vs Q1 FY26+6.0% vs Q4 FY26
Q1 FY27 operating margin: 25.5%+2.7 pts vs Q1 FY26−0.2 pts vs Q4 FY26
Q2 FY26 net profit (a year earlier): ₹73.4 CrRevenue ₹377 Cr
Q1 FY27 EPS (basic): ₹9.70

Questions

When will Happy Forgings announce its Q2 FY27 results?

On 5 November 2026, the date of the board meeting called to approve them (notice filed with the exchanges on 24 October 2026). Last year it reported Q2 FY26 on 6 November 2025.

What will Happy Forgings' Q2 FY27 results be compared with?

With the same quarter a year earlier, Q2 FY26 (July–September 2025), when consolidated net profit was ₹73.4 crore and revenue from operations ₹377 crore. The latest quarter, Q1 FY27, had a net profit of ₹91.5 crore and revenue of ₹449 crore.

What were Happy Forgings' Q1 FY27 results?

Consolidated net profit was ₹91.5 crore, up 39.2% from ₹65.7 crore in Q1 FY26 and up 9.5% from ₹83.6 crore in Q4 FY26. Revenue from operations was ₹449 crore, up 27.0% year on year and up 6.0% from the previous quarter.

How has Happy Forgings' profit changed over the last four quarters?

Net profit by quarter: ₹73.4 crore in Q2 FY26, ₹78.9 crore in Q3 FY26, ₹83.6 crore in Q4 FY26 and ₹91.5 crore in Q1 FY27. That is ₹327 crore over the four quarters, up 21.6% from ₹269 crore in the four quarters before. Revenue from operations: ₹377 crore, ₹391 crore, ₹424 crore and ₹449 crore.

What was Happy Forgings' net profit in FY26?

Consolidated net profit was ₹302 crore in FY26 (April 2025–March 2026), up 12.8% from ₹267 crore in FY25. It was ₹243 crore in FY24.

What was Happy Forgings' revenue in FY26?

Revenue from operations was ₹1,546 crore in FY26 (April 2025–March 2026), up 9.8% from ₹1,409 crore in FY25. It was ₹1,358 crore in FY24.

Where do these Happy Forgings figures come from?

From Happy Forgings' own consolidated results filings to NSE, in ₹ crore as filed; the date from its board-meeting notices.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.