Happy Forgings' Q2 FY 2025-26 Quarterly Results

Result Summary

• Happy Forgings Ltd reported a 5.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 2.5%.
• Its expenses for the quarter were up by 3.5% QoQ and 2.9% YoY.
• The net profit increased 11.8% QoQ and increased 2.9% YoY.
• The earnings per share (EPS) of Happy Forgings Ltd stood at 7.78 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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 that specializes in manufacturing and supplying forged products primarily used in the automotive industry. The company is known for its focus on high-quality forging processes to produce essential automotive components. As of the latest data available, the company has not reported any recent major developments or strategic shifts. The detailed history and range of products offered by Happy Forgings Ltd are not included in the provided data, so further specifics about their operations and market positioning are not available here.

Revenue

During the second quarter of the fiscal year 2026 (Q2FY26), Happy Forgings Ltd reported a total income of ₹383.64 crores. This represents a quarter-over-quarter (QoQ) increase of 5.4% compared to ₹364.15 crores in Q1FY26. Additionally, there was a year-over-year (YoY) growth of 2.5% from ₹374.21 crores in Q2FY25. The consistent growth in revenue suggests a positive trajectory in the company's income generation across both QoQ and YoY comparisons.

Profitability

In Q2FY26, Happy Forgings Ltd achieved a profit before tax (PBT) of ₹98.60 crores, reflecting an 11.2% QoQ increase from ₹88.64 crores in Q1FY26 and a 1.4% YoY increase from ₹97.22 crores in Q2FY25. The tax expense for Q2FY26 was ₹25.17 crores, which is a 9.6% increase from Q1FY26 but a slight decrease of 2.7% YoY from ₹25.86 crores. Consequently, the profit after tax (PAT) for the quarter was ₹73.44 crores, up by 11.8% QoQ and 2.9% YoY. The earnings per share (EPS) also rose by 11.8% QoQ and 2.8% YoY, reaching ₹7.78 in Q2FY26. These figures highlight the company's ability to enhance profitability.

Operating Metrics

The total expenses for Happy Forgings Ltd in Q2FY26 were ₹285.03 crores, marking a 3.5% increase from ₹275.50 crores in Q1FY26 and a 2.9% increase from ₹277.00 crores in Q2FY25. The increase in expenses is less pronounced than the rise in total income, contributing to the improved profitability metrics. The company's operational efficiency can be inferred from these financial results, as the growth in income outpaced the increase in expenses. Further analysis of operating metrics, such as specific cost management strategies or operational efficiencies, is not available in the provided data.