Happy Forgings delivered impressive financial performance in the June 2026 quarter, with consolidated net profit surging 39.23% to ₹91.46 crore compared to ₹65.69 crore in the corresponding quarter of the previous year. According to reports from Business Standard, this significant profit growth demonstrates the company's strong operational performance during the quarter.
The company's sales revenue increased 27.03% to ₹449.42 crore in Q1 FY2026, up from ₹353.80 crore in the same period last year. As reported by Business Standard, this substantial revenue growth indicates robust demand for the company's products and effective market positioning during the quarter.
The company's operating profit margin (OPM) stood at 31.34% in the June 2026 quarter, compared to 28.59% in the corresponding quarter of the previous year. According to the financial data reported by Business Standard, this improvement in margin indicates better cost management and operational efficiency during the quarter.
Profit Before Tax (PBT) increased 38% to ₹122.64 crore in Q1 FY2026, up from ₹88.64 crore in the previous year. The company's Profit Before Depreciation and Tax (PBDT) rose 36% to ₹148.87 crore during the quarter, as reported by Business Standard. These figures reflect the company's strong operational performance across all key financial metrics.
ICICI Securities has issued a buy rating on Happy Forgings with a target price of ₹2,200, revised upward from the previous target of ₹1,750. As per the latest research report dated August 05, 2026, ICICI Securities notes that the company's Q1FY27 operating performance was ahead of estimates, with domestic CV/PV/farm segments performing well due to wallet share gains from existing customers. The brokerage expects exports to accelerate further, supported by a healthy order book of ₹9.5 billion executable over 2-3 years across segments.
