Happy Forgings Limited recorded a consolidated net profit of ₹ 65.69 crore for the first quarter of FY 2026. The operation for Q1 FY 26 was ₹ 353.80 crore from the operation.
| Metric | Q1 FY 26 | Q4 FY 25 | Yoy change | Q1 FY 25 | Qoq change |
|---|---|---|---|---|---|
| Net profit | 65.69 | 67.63 | 2.96 percent | 63.80 | -2.87 percent |
| Revenue | 353.80 | 351.97 | 3.61 percent | 341.47 | 0.52 percent |
financial performance
The company’s consolidated revenue for the quarter ended June 30, 2025 was ₹ 353.80 crore, while in Q1 FY 25 it was ₹ 341.47 crore and ₹ 351.97 crore in Q4 FY 25.
The other income for Q1 FY 26 was ₹ 10.35 crore, while in Q1 FY 25 it was ₹ 7.61 crore and ₹ 10.03 crore in Q4 FY 25.
The total expenditure for Q1 FY 26 was ₹ 275.51 crore, while in Q1 FY 25 it was ₹ 263.25 crore and ₹ 272.43 crore in Q4 FY 25.
The profit before tax for Q1 FY 26 was ₹ 88.64 crore, while in Q1 FY 25 it was ₹ 85.82 crore and ₹ 89.56 crore in Q4 FY 25.
The tax expenditure for Q1 FY 26 was ₹ 22.96 crore, while in Q1 FY 25 it was ₹ 22.02 crore and ₹ 21.93 crore in Q4 FY 25.
The other comprehensive income for Q1 FY 26 was ₹ -4.62 crore, while in Q1 FY 25 it was ₹ 1.89 crore and ₹ -1.24 crore in Q4 FY 25.
The total comprehensive income for Q1 FY 26 was ₹ 61.07 crore, while in Q1 FY 25 it was ₹ 65.70 crore and ₹ 66.39 crore in Q4 FY 25.
Q1 was EPS ₹ 6.97 basic and ₹ 6.96 diluted for FY 26, while Q1 FY 25 was ₹ 6.77 basic and ₹ 6.76 diluted, and Q4 FY 25 was ₹ 7.18 Basic and Dilted.
Update on amount received from IPO
Net IPO amount of ₹ 377.82 crore was allocated, out of which for repayment/prior payment of ₹ 152.76 crore, ₹ 171.13 crore equipment, plant and machinery were for purchase and ₹ 53.94 crore for general corporate purposes.
By June 30, 2025, ₹ 301.35 crore has been used, out of which for repayment/prior payment of ₹ 152.76 crore, ₹ 94.66 crore equipment, plant and machinery are for purchase and ₹ 53.94 crore for general corporate purposes. The IPO amount until June 30, 2025 was ₹ 76.47 crore.
Other updates
SCV & Co. LLP and KPMG Assurance and Consulting Services LLP have been appointed as the company’s internal auditor.
The company has also given details of deviation/difference in the use of the amount raised.
Happy Forgings Limited recorded a consolidated net profit of ₹ 65.69 crore for the first quarter of FY 2026.