Happy Forgings Limited — Investor Meet, 11-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Happy Forgings started FY27 strong, reporting Rs.449 crore revenue (+27% YoY) and Rs.91 crore PAT (+39.2% YoY). EBITDA margin hit 31.3% (+275 bps), marking the fourth quarter above 30%. Performance was driven by robust domestic growth and strategic diversification into industrial and passenger vehicles.

The company holds a ~Rs.950 crore order book, largely export-oriented, focusing on high-value industrial and PV products. Management expects sustained high teen volume growth and over 30% EBITDA margins for FY27, boosted by price revisions from Q2 and solar power benefits by FY28. Significant capacity additions are underway, with new heavy forging lines set to cater to high-growth energy and data center sectors. The outlook for profitability and growth remains confident.