Happy Forgings Q4 PAT Up 23.6% YoY

Happy Forgings reported Q4 FY26 revenue of ₹424 Cr, up 20.4% YoY, with EBITDA growing 30.4% to ₹133 Cr.
PAT increased 23.6% YoY to ₹84 Cr, with margins expanding due to operational efficiency and product mix improvement.
FY26 annual revenue reached ₹1,546 Cr with record EBITDA margin of 30.4% and PAT margin of 19.5%.
The company maintained strong liquidity of ~₹430 Cr and is undertaking ₹650 Cr heavy forgings capacity expansion.