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Happy Forgings started FY27 strong! Revenue hit a record Rs. 449 Cr, up 27% YoY. Profits soared: Gross Profit up 33.1%, EBITDA 39.3% (to Rs. 141 Cr), and PAT 39.2% (to Rs. 91 Cr). EBITDA margin held above 30% at 31.3%, while PAT margin crossed 20% for the first time to 20.4%. Diluted EPS was Rs. 9.68.
Growth was broad-based, with domestic automotive and off-highway segments up ~25% YoY, and exports jumping over 30% YoY, now forming 28% of revenue. Key diversification into Passenger Vehicles (8%) and Industrials (16%) is paying off, with new orders of ~Rs. 950 Cr expected over 2-3 years.
Strategic moves include equipping ultra-heavy component manufacturing by year-end for FY28 commercial revenues, and a captive solar project reducing costs from FY28. Management is optimistic, expecting sustained profitable growth from better asset utilization and operational excellence.