Happy Forgings Reports 11.5% PAT Growth in Q3FY25, Margin Expansion Continues

Happy Forgings Limited has announced robust financial results for the third quarter of fiscal year 2025, marking significant growth across key performance metrics. The company reported a revenue of Rs. 354 crore for Q3FY25, representing a 3.6% increase from Rs. 342 crore in the corresponding quarter of the previous year.

The company demonstrated substantial improvement in profitability, with gross profit rising to Rs. 205 crore, an 8.3% increase year-over-year. The gross profit margin expanded by 249 basis points to reach 58.0%, compared to 55.5% in Q3FY24, indicating enhanced operational efficiency.

EBITDA for the quarter stood at Rs. 101 crore, showing a 6.6% growth compared to Rs. 95 crore in the same period last year. The EBITDA margin improved by 80 basis points to 28.6%, reflecting effective cost management and operational leverage.

Net profit (PAT) saw a notable increase of 11.5% to Rs. 65 crore, compared to Rs. 58 crore in Q3FY24. The PAT margin expanded by 129 basis points to 18.2%, demonstrating the company's ability to convert top-line growth into bottom-line performance.

For the first nine months of FY25, the company's performance remained strong with revenue reaching Rs. 1,057 crore, a 4.1% increase from the previous year. The nine-month period also saw improved profitability metrics, with PAT growing by 12.7% to Rs. 200 crore and maintaining a healthy margin of 18.9%.

The company's diluted earnings per share (EPS) for Q3FY25 stood at Rs. 6.84, while the nine-month EPS reached Rs. 21.18, indicating sustained value creation for shareholders.