Investor Presentation

August 04, 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, enclosed herewith the Investors’ Presentation of financial results for the quarter ended June 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 Q1 FY27 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 Q1 FY27 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 Q1 FY27 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 have commenced FY27 on a strong note, with quarterly revenue reaching a record high of nearly Rs.450 Crs., up 27.0% YoY and 6.0% sequentially. Growth was driven by a healthy 23.1% YoY increase in finished goods sales volumes, while average realisations improved by 3.2% YoY, reflecting continued progress in product mix and value addition. This translated into strong profitability, with Gross Profit, EBITDA and PAT growing by 33.1%, 39.3% and 39.2% YoY, respectively. Growth during the quarter was broad-based across all business segments, reflecting healthy demand across both domestic and export markets. Domestic demand remained strong across the CV, PV, Farm Equipment and Off-Highway segments, resulting in appx. 25% YoY growth, while strengthening demand in export markets led to export revenues increasing by over 30% YoY. The quarter marked another milestone in our profitability journey, with Gross, EBITDA and PAT margins improving YoY and maintained at record levels. EBITDA margin remained above 30% for the fourth consecutive quarter, while PAT margin exceeded 20% for the first time, reflecting the continued benefits of an improving product mix, higher value addition and operating leverage. These outcomes reinforce the structural resilience of our business model and our ability to consistently deliver profitable growth. Diversification gathered momentum during the quarter, with exports contributing 28% of revenue, while Passenger Vehicle and Mr. Ashish Garg Industrial shares increased to 8% and 16%, respectively. Our incremental order book, largely led by exports, Passenger Vehicles Managing Director and Industrials, provides visibility on additional annual revenue ramping up to appx. Rs. 950 Crs. over the next 2–3 years. Looking ahead, we remain optimistic about the growth outlook for FY27. Supported by improving industry demand and ramp- up of recently secured business, we expect production and sales volumes to strengthen progressively over the course of the year, enabling better utilisation of our ongoing investments in manufacturing capacity and advanced machining capabilities. Our strategic initiatives also continue to progress well. Installation of equipment for our ultra-heavy component manufacturing facilities is expected to be completed by the end of the financial year, positioning us for the commencement of commercial revenues from FY28 onwards. In parallel, execution of our captive solar power project remains on track and is expected to begin contributing to operating cost efficiencies from FY28. As we continue to invest in expanding our capabilities, strengthening customer relationships and enhancing operational excellence, we remain confident of sustaining profitable growth.“ Q1 FY27: GROWTH ACCELERATES, MARGINS AT RECORD LEVELS Finished Goods Volume (MT) Realisation/Kg (Rs.) Revenue (Rs. Crs) +23.1% +3.2% +27.0% 17,793 14,457 245 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Gross Profit (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) 57.9% +276bps 60.7% 28.6% +275bps 31.3% 18.6% +178bps 20.4% +33.1% 273 +39.3% +39.2% Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 VOLUME GROWTH WITH IMPROVED REALISATION & MARGIN EXPANSION Q1FY27 vs Q1FY26 (Volume and Realisation per Kg) Particulars Q1FY26 Q4FY26 Q1FY27 YoY FG Volume 23.1% 14,457 17,298 17,793 (MT) Realisation/Kg 3.2% 245 245 253 (Rs.) EBITDA/Kg 13.1% 70 77 79 (Rs.) HIGHER VALUE ADDITION, BROADER REVENUE MIX PRODUCT MIX SECTOR MIX GEOGRAPHY MIX 14% 13% 16% 15% 16% 16% 11% 10% 11% 11% 12% 12% 32% [Showing first 8,000 characters — download PDF for full document]