Happy Forgings Ltd - 544057 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of investors conference to be held on 20th September 2024 at 4.00 PM16-09-2024
16-09-2024
Happy Forgings Ltd - 544057 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Earnings call Transcript for the call on 8th August 202413-08-2024
Happy Forgings Ltd - 544057 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication of quarterly financial results08-08-2024
Happy Forgings Ltd - 544057 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio recording of Earnings call held on 8th August 202408-08-2024
Q1FY25 Quarterly Result Announced for Happy Forgings Ltd.
Industrial Products company Happy Forgings announced Q1FY25 results: Revenue from Operations of Rs 341 crore EBITDA of Rs 98 crore EBITDA % of 28.6% PAT of Rs 64 crore Contribution of machined products increased from 82% in Q1FY24 to 87% in Q1FY25 Passenger Vehicles stood at 3% in Q1FY25 as compared to 1% in the entire FY24 on the back of new order wins Exports share stood at 18% as compared to 20% in FY24 Commenting on the Q1FY25 performance, Ashish Garg, Managing Director, Happy Forgings, said: “I am pleased to present our performance for Q1FY25, marked by Revenue of Rs 341 crore, EBITDA of Rs 98 crore and PAT of Rs 64 crore. We achieved a YoY growth of ~3% in finished goods volume and ~4% increase in realisations (despite a reduction in raw material costs) leading to a ~7% growth in revenues. Our realisation and profitability levels in Q1FY25 remained broadly consistent with those reported for FY24. Realisation stood at Rs 245/kg, gross margin at 56.5% and EBITDA margin at 28.6% in Q1FY25. Machining mix remains robust at 87%, supporting our margins. We successfully entered the Passenger Vehicles segment in FY24, and this segment contributed ~3.5% to our topline this quarter. During the quarter, the underlying industry segments faced challenges, including a temporary slowdown in infrastructure-related activities due to the general elections and a slowdown in European farm equipment and power generation sectors However, our diversification strategy across different segments enabled us to perform well overall. Our planned capacity expansions are on track. We added 1,500MT of machining capacity during the quarter and will add an additional 4,500MT in Q2FY25, which will lead to a total increase of 6,000MT in machining capacity in H1FY25. Furthermore, 5,000MT of machining capacity is planned to be added in Q3FY25. We have the necessary product approvals, and we expect a simultaneous ramp-up in production enabling us to reap the benefits of increased capacity. This provides us with visibility for stronger performance throughout the remainder of the year.” Result PDF07-08-2024
Happy Forgings Ltd - 544057 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press release dated 7th August 202407-08-2024
Happy Forgings Ltd - 544057 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor presentation for the quarter ended 30th June 202407-08-2024
Happy Forgings Ltd - 544057 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
Monitoring agency report for the quarter ended 30th june 202407-08-2024
Happy Forgings Ltd - 544057 - Unaudited Results For The Quarter Ended 30Th June 2024
Unaudited financial results for the quarter ended 30th June 202407-08-2024
Happy Forgings Ltd - 544057 - Board Meeting Outcome for Outcome Of Board Meeting
Outcome of Board Meeting held on 7th August 202407-08-2024