Happy Forgings Limited has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, which were approved by the Board of Directors on May 21, 2026. In this financial performance update, the company reported a positive trend in both its revenue and profitability on a year-on-year (YoY) basis, reflecting operational consistency. When analyzing the quarterly financial performance, the company observed changes in revenue and profit metrics compared to the previous quarter (QoQ) and the corresponding quarter of the previous year (YoY). The following table provides a comparative analysis of these financial results:

Note: Figures are derived from summarized financial data and rounded for consistency.

Happy Forgings Limited, incorporated in 1979 and headquartered in Ludhiana, Punjab, is a leading Indian manufacturer specializing in the engineering, design, testing, and manufacturing of complex, safety-critical, heavy-forged, and high-precision machined components. The company primarily serves original equipment manufacturers (OEMs) in the automotive sector—including commercial and passenger vehicles—as well as non-automotive industries such as farm equipment, mining, construction, and power generation. In early 2025, the company strategically announced a capital investment of approximately Rs. 650 crores to establish advanced forging capabilities, including Asia’s first facility of its kind for heavyweight components, to address niche industrial demands. As of May 2026, the company continues to see strong interest from institutional investors, with SBI Small Cap Fund holding a significant stake of 5.45% in the company.