Investor Presentation

November 05, 2026 BSE Ltd, National Stock Exchange of India Ltd. Corporate Relationship Department, Listing Department, Phiroze Jeejebhoy Towers, Exchange Plaza, Bandra-Kurla Complex, Dalal Street, Mumbai - 400 001 Bandra (East), Mumbai- 400 051 Scrip Code: 544057 Symbol: HAPPYFORGE Sub : Presentation of Investor Meet Dear Sir/Ma’am, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed herewith the Investors’ Presentation of financial results for the quarter and half year ended September 30, 2026. Kindly take the above information on your record. Thanking you, For Happy Forgings Limited (Bindu Garg) Company Secretary & Compliance Officer, M.N F6997 Happy Forgings Limited B-XXIX-2254/1, Kanganwal Road, P O Jugiana, Ludhiana- 141120 Regd Office : INVESTOR PRESENTATION Q2 & H1FY27 SAFE HARBOUR This presentation and the accompanying slides (the “Presentation”), prepared by Happy Forgings Limited (the “Company”), are intended solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world- wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. INVESTOR PRESENTATION ROADMAP Q2 & H1FY27 PERFORMANCE HIGHLIGHTS Delivering Growth With Strengthening Operational Performance COMPANY OVERVIEW Engineering Excellence Across Products, Customers & Markets FORGING SUCCESS: VALUE-CREATING TRANSFORMATION Building Scale, Efficiency & Sustainable Competitive Strength HISTORICAL FINANCIAL PERFORMANCE A Multi-Year Journey of Consistent Growth & Margin Expansion BEYOND FINANCIALS: CREATING LASTING IMPACT Driving Value Through Innovation, People, Sustainability & Governance Q2 & H1FY27 PERFORMANCE HIGHLIGHTS Delivering Growth With Strengthening Operational Performance COMPANY OVERVIEW Engineering Excellence Across Products, Customers & Markets FORGING SUCCESS: VALUE-CREATING TRANSFORMATION Building Scale, Efficiency & Sustainable Competitive Strength HISTORICAL FINANCIAL PERFORMANCE A Multi-Year Journey of Consistent Growth & Margin Expansion BEYOND FINANCIALS: CREATING LASTING IMPACT Driving Value Through Innovation, People, Sustainability & Governance MESSAGE FROM THE MANAGING DIRECTOR Commenting on the results, Mr. Ashish Garg, Managing Director, Happy Forgings Limited, said: “We continue to build on the strong momentum of the previous quarter, with Q2 FY27 revenue crossing Rs. 500 Crs. for the first time, registering a growth of ~33% YoY. Growth was driven by an ~25% increase in finished goods sales volumes, while realisation improved by around 6% to Rs. 267/kg, reflecting a combination of raw material cost pass-through, conversion cost-linked price hikes, and progress in value addition and product mix. Gross, EBITDA and PAT margins remained healthy and broadly stable YoY despite cost headwinds, translating into absolute profitability growth that was broadly in line with revenue growth. For H1 FY27, revenue grew ~30% YoY to Rs. 950 Crs, driven by a ~24% increase in finished goods volumes and ~5% improvement in realisation to Rs. 260/kg. Growth was broad-based, with domestic and export revenues increasing by ~30% and ~36%, respectively. Gross, EBITDA and PAT margins remained healthy at 60.8%, 30.9% and 19.9%, respectively. ROE improved to 17.1% and ROCE to 19.6%, reflecting stronger operational performance. In terms of business mix, non-automotive segments delivered strong growth, led by higher contributions from Industrials and Off- Highway. Within automotive, Passenger Vehicles share has reached 9% as previously secured business ramped up, while Farm Equipment and Commercial Vehicle segments also registered robust growth, supported by healthy domestic demand. This reflects the continued diversification of our business across end markets and applications. Mr. Ashish Garg Our strategic investments remain on track, with the ultra-heavy component manufacturing facility and captive solar power Managing Director project expected to be completed and contribute from FY28. We are also engaging with several OEMs for heavy components targeting data center and gas engine applications, with discussions expected to translate into orders by early FY28. Further, given strong demand visibility and order book, and existing capacity utilisation nearing peak, the Board has approved additional capex of ~Rs. 500 Crs., to enhance machining and supplement forging capacities. These investments will support growth across PV, Industrials and CV exports. Our outlook for the remainder of FY27 remains optimistic. Improving industry demand and the ramp-up of recently secured business provide confidence in strengthening production and sales volumes, keeping us well positioned to meet or exceed our volume growth guidance. While higher raw material prices and near-term increases in shipment costs arising from the geopolitical situation may exert temporary pressure on margins, we expect full-year profitability to remain strong, supported by a better product mix and higher value addition, reinforcing our confidence in delivering sustained, profitable growth.” VOLUME GROWTH WITH IMPROVED REALISATION & MARGIN EXPANSION FG Volume Realisation/Kg Revenue Gross Profit EBITDA PAT Q2FY27 18,754 MT Rs. 267 501 Crs 305 Crs 153 Crs 98 Crs +24.8% yoy +6.3% yoy +32.7% yoy +33.8% yoy +32.2% yoy +32.8% yoy Gross Margin: 60.8% EBITDA Margin: 30.6% PAT Margin: 19.5% +52 bps (11) bps +1bps FG Volume Realisation/Kg Revenue Gross Profit EBITDA PAT H1FY 36,547 MT Rs. 260 950 Crs 577 Crs 294 Crs 189 Crs 2027 +24.0% yoy +4.8% yoy +29.9% yoy +33.5% yoy +35.5% yoy +35.8% yoy Gross Margin: 60.8% EBITDA Margin: 30.9% PAT Margin: 19.9% +161bps +127bps +86bps VOLUME GROWTH WITH IMPROVED REALISATION & MARGIN EXPANSION Strong Volume Growt [Showing first 8,000 characters — download PDF for full document]