Happy Forgings Ltd Share Price – NSE  / BSE

Castings, Forgings & Fastners, Small Cap

The said initial order for the crankshaft component is valued at approximately Rs 140 crore, spanning the period from FY26 to FY31. Deliveries are scheduled to begin in FY26, following the successful completion of testing and approval processes. Peak annual revenues under this order are expected to reach Rs 27 crore. Depending on the sales performance of the vehicles using the crankshaft, a subsequent order could potentially double the supply volumes starting in FY28, increasing peak annual revenues to over Rs 50 crore.

HFL’s investments in manufacturing capabilities has positioned it to meet the growing demand for high-precision components from both global and domestic automotive OEMs.

Ashish Garg, managing director of Happy Forgings said, “This order highlights our ability to provide high-quality solutions driven by advanced engineering capabilities and a proven track record of successful execution. We are committed to maintaining our leadership in precision engineering and continue to focus on enhancing the value and innovation we bring to our products, while expanding our presence in the passenger vehicle segment.”

Happy Forgings is principally engaged in the manufacturing of forgings and related components.

The company’s consolidated net profit jumped 29.2% to Rs 71.37 crore on 5.3% increase in net sales to Rs 361.13 crore in Q2 FY25 over Q2 FY24.

The counter declined 2.98% to ends at Rs 1050.80 on Friday, 13 December 2024.

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Net profit of Happy Forgings rose 29.15% to Rs 71.37 crore in the quarter ended September 2024 as against Rs 55.26 crore during the previous quarter ended September 2023. Sales rose 5.26% to Rs 361.13 crore in the quarter ended September 2024 as against Rs 343.08 crore during the previous quarter ended September 2023.

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Happy Forgings will hold a meeting of the Board of Directors of the Company on 7 November 2024

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Net profit of Happy Forgings declined 0.37% to Rs 63.80 crore in the quarter ended June 2024 as against Rs 64.04 crore during the previous quarter ended June 2023. Sales rose 3.53% to Rs 341.47 crore in the quarter ended June 2024 as against Rs 329.82 crore during the previous quarter ended June 2023.

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