The meeting commenced at 02:20 p.m. and concluded at 02:50 p.m.

Standalone Financial Performance (Quarter Ended June 30, 2026)

Income:

  • Revenue from operations: ₹44,942.23 lacs (₹449.42 crore)
  • Other income: ₹1,108.36 lacs (₹11.08 crore)
  • Total Income: ₹46,050.59 lacs (₹460.51 crore)

Expenses:

  • Cost of raw materials and components consumed: ₹18,780.04 lacs
  • Changes in inventories: (₹1,110.80) lacs
  • Employee benefits expense: ₹3,869.63 lacs
  • Finance costs: ₹306.25 lacs
  • Depreciation and amortization: ₹2,623.66 lacs
  • Other expenses: ₹9,317.93 lacs
  • Total expenses: ₹33,786.71 lacs

Profitability:

  • Profit before tax: ₹12,263.88 lacs (₹122.64 crore)
  • Tax expense: ₹3,117.54 lacs
  • Current tax (net): ₹2,870.91 lacs
  • Deferred tax: ₹246.63 lacs
  • Profit for the period: ₹9,146.34 lacs (₹91.46 crore)

Other Comprehensive Income:

  • Total other comprehensive income, net of tax: ₹243.37 lacs
  • Total comprehensive income: ₹9,389.71 lacs

Capital Structure:

  • Paid-up equity share capital (Face value ₹2 per share): ₹1,887.57 lacs
  • Other equity: Not specified for current quarter

Earnings Per Share (₹):

  • Basic EPS: ₹9.70
  • Diluted EPS: ₹9.68

Comparative Performance

Quarterly Comparison (Standalone):

| Metric | June 30, 2026 | March 31, 2026 | June 30, 2025 |

| Revenue | ₹44,942.23 lacs | ₹42,383.97 lacs | ₹35,380.34 lacs |

| Net Profit | ₹9,146.34 lacs | ₹8,356.43 lacs | ₹6,569.02 lacs |

| Basic EPS | ₹9.70 | ₹8.86 | ₹6.97 |

Consolidated Financial Performance

The consolidated results include Happy Forgings Limited and its subsidiary HFL Technologies Private Limited (incorporated March 16, 2024).

Key consolidated figures for quarter ended June 30, 2026:

  • Revenue from operations: ₹44,942.23 lacs
  • Other income: ₹1,108.25 lacs
  • Total Income: ₹46,050.48 lacs
  • Total expenses: ₹33,786.81 lacs
  • Profit before tax: ₹12,263.67 lacs
  • Tax expense: ₹3,117.54 lacs
  • Profit for the period: ₹9,146.13 lacs
  • Total comprehensive income: ₹9,389.50 lacs
  • Basic EPS: ₹9.70

The subsidiary HFL Technologies Private Limited contributed total revenues of Nil, total net loss after tax of ₹0.21 lacs, and total comprehensive income of (₹0.21 lacs) for the quarter.

Employee Stock Option Scheme

Under the "HAPPY FORGINGS ESOP SCHEME 2023":

  • Options forfeited during Q1 FY27: Nil
  • Options exercised during Q1 FY27: 28,273

Auditor Review

S.R. Batliboi & Co. LLP, Chartered Accountants (ICAI Firm registration number: 301003E/E300005), conducted a limited review of both standalone and consolidated financial results. The review was performed by Partner Pravin Tulsyan (Membership No.: 108044). The auditors concluded that nothing came to their attention that causes them to believe that the financial results contain any material misstatement.

Additional Information

The financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors. The company operates as a single segment "Auto components and Engineering parts" as per Ind AS-108. The figures for the quarter ended March 31, 2026 were balancing figures between audited annual figures and published year-to-date figures.

The unaudited financial results will be made available on the company's website (www.happyforgingsltd.com) and on the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com).