Happy Forgings Q2 & H1 FY27 Investor Presentation: Revenue Crosses ₹500 Cr.
Happy Forgings reported Q2 FY27 revenue of ₹501 crore, up 32.7% YoY, with PAT at ₹98 crore. H1 FY27 revenue reached ₹950 crore, up 29.9% YoY, with PAT at ₹189 crore. The company announced an additional capex of ₹500 crore for capacity enhancement. Strategic investments in new facilities are progressing.
The results show robust financial performance with significant growth across key metrics. The approved capital expenditure of ₹500 crore indicates substantial future investment and expansion, which is a material development for the company's growth trajectory. The increase in revenue crossing ₹500 crore for the first time is also a significant milestone.
The company reported strong year-on-year growth in revenue, profits, and margins for both the quarter and half-year. The announcement also includes positive commentary from the Managing Director and approval for significant capital expenditure, indicating a positive outlook and expansion plans.
Happy Forgings Limited has released its investor presentation for the quarter and half-year ended September 30, 2026 (Q2 & H1 FY27).
For Q2 FY27, the company reported a significant revenue growth of 32.7% year-on-year to ₹501 crore, marking the first time its quarterly revenue has crossed the ₹500 crore milestone. This was driven by a 24.8% increase in finished goods sales volumes and a 6.3% improvement in realization to ₹267 per kg. Gross profit grew by 33.8% to ₹305 crore, with a gross margin of 60.8%. EBITDA increased by 32.2% to ₹153 crore, and PAT rose by 32.8% to ₹98 crore, with PAT margin at a healthy 19.5%.
In H1 FY27, revenue surged by 29.9% to ₹950 crore, fueled by a 24.0% rise in finished goods volumes and a 4.8% increase in realization to ₹260 per kg. Gross profit grew by 33.5% to ₹577 crore, and EBITDA increased by 35.5% to ₹294 crore. PAT for the half-year grew by 35.8% to ₹189 crore, with margins expanding significantly. ROE improved to 17.1% and ROCE to 19.6%.
The company highlighted strong growth in non-automotive segments like Industrials and Off-Highway. Within automotive, the Passenger Vehicles segment's share increased to 9%. Strategic investments in an ultra-heavy component manufacturing facility and a captive solar power project are on track for FY28 contribution. Additionally, the Board has approved a further capital expenditure of approximately ₹500 crore to enhance machining and forging capacities, primarily to support growth in PV, Industrials, and CV exports.
Mr. Ashish Garg, Managing Director, expressed optimism for the remainder of FY27, expecting continued volume growth and strong profitability, supported by a better product mix and value addition, despite potential temporary pressure on margins 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.