Happy Forgings Q2 FY27 Revenue Surges 33% to ₹501 Cr, PAT Grows 33% to ₹98 Cr
Happy Forgings reported a 33% YoY revenue growth to ₹501 crore and a 33% YoY PAT growth to ₹98 crore for Q2 FY27. For H1 FY27, revenue grew 30% to ₹950 crore. The company approved an additional capex of ₹500 crore and expects contributions from new facilities starting FY28.
The strong financial performance, coupled with substantial capex plans and positive future outlook, is expected to have a significant impact on the company's valuation and investor sentiment.
The company has reported significant year-on-year growth in revenue and profit for both the quarter and half-year, along with positive management commentary and strategic investments for future growth.
Happy Forgings Limited announced strong financial results for the quarter and half-year ended September 30, 2026. The company reported a record-breaking quarterly performance with revenue from operations increasing by 32.7% year-on-year to ₹501 crore in Q2 FY27. This growth was primarily driven by a 24.8% increase in finished goods volume to 18,754 MT and a 6.3% rise in realization to ₹267 per kg. Gross Profit grew by 33.8% to ₹305 crore, with Gross Profit Margin improving to 60.8%. EBITDA increased by 32.2% to ₹153 crore, while PAT rose by 32.8% to ₹98 crore. For the half-year ended H1 FY27, revenue grew 29.9% YoY to ₹950 crore, with PAT increasing 35.8% YoY to ₹189 crore. The company's strategic investments in an ultra-heavy component manufacturing facility and a captive solar power project are on track for completion in FY28. Additionally, the Board has approved a further capex of approximately ₹500 crore to enhance machining and forging capacities, supporting growth in Passenger Vehicles, Industrials, and Commercial Vehicle exports. Management expressed optimism for the remainder of FY27, anticipating strengthened production and sales volumes, and expects full-year profitability to remain strong despite potential near-term margin pressures from raw material prices and shipment costs.
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Happy Forgings Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Happy Forgings Limited. Read the original for the full detail.