Happy Forgings' Q1 FY 2025-26 Quarter Results

Result Summary

• Happy Forgings Ltd reported a 3.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 4.3%.
• Its expenses for the quarter were up by 4.7% QoQ and 4.7% YoY.
• The net profit decreased 0.1% QoQ and increased 3.0% YoY.
• The earnings per share (EPS) of Happy Forgings Ltd stood at 7 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Happy Forgings Ltd is a company whose primary operations are centered around manufacturing and supplying forgings and related components. The company typically operates within the industrial manufacturing sector, which includes a wide range of services and products related to metalworking and machinery parts. As of the latest information available up to October 2023, any further details about recent major developments or specific product lines for Happy Forgings Ltd are not provided. Therefore, detailed insights into the company's strategic direction or new product launches remain unspecified.

Revenue

For the first quarter of fiscal year 2026 (Q1FY26), Happy Forgings Ltd reported a total income of ₹364.15 crores. This represents a quarter-over-quarter (QoQ) increase of 3.9% from ₹350.54 crores in the fourth quarter of fiscal year 2025 (Q4FY25). Furthermore, the year-over-year (YoY) change from ₹349.07 crores in the first quarter of fiscal year 2025 (Q1FY25) shows a growth of 4.3%. These figures indicate a steady upward trend in revenue generation over both the quarter and the year, reflecting consistent performance in income streams.

Profitability

Profitability for Happy Forgings Ltd is highlighted by the profit before tax (PBT) and profit after tax (PAT) figures. In Q1FY26, the company recorded a PBT of ₹88.64 crores, marking a 1.3% increase QoQ from ₹87.46 crores in Q4FY25 and a 3.3% growth YoY from ₹85.82 crores in Q1FY25. The PAT for Q1FY26 was ₹65.69 crores, showing a slight decrease of 0.1% QoQ from ₹65.78 crores in the previous quarter, but an increase of 3.0% YoY from ₹63.80 crores in the same quarter of the previous year. The earnings per share (EPS) for Q1FY26 stood at ₹7.00, which is a decline of 2.8% QoQ from ₹7.20 in Q4FY25 but an increase of 2.9% YoY from ₹6.80 in Q1FY25.

Operating Metrics

The total expenses for Happy Forgings Ltd in Q1FY26 amounted to ₹275.50 crores, which is an increase of 4.7% QoQ from ₹263.09 crores in Q4FY25 and the same percentage increase YoY from ₹263.24 crores in Q1FY25. The tax expenses for Q1FY26 were ₹22.96 crores, reflecting a 6.0% increase QoQ from ₹21.67 crores in the previous quarter and a 4.3% increase YoY from ₹22.02 crores in the corresponding quarter of the previous year. These operating metrics indicate a rise in both expenses and tax liabilities, which are likely influenced by various operational factors inherent to the company's business environment.