Happy Forgings Ltd share price gained 2.89% to Rs 1699.1 after the company's net profit saw a mild growth of 9.45% to Rs 91.46 crore, while revenue from operations slightly gained 6.04% to Rs 449.42 crore in Q2FY26 over Q1FY26. The market capitalization of Castings & Forgings industry group stocks on BSE stood at Rs 91606.99 crore, climbing 10.85%. It has improved by 2.19% over last one week and climbed by 12.79% in last one month while the market capitalization of Happy Forgings Ltd has inched up 5.29% and 25.71% in the same period respectively. Profit before tax (PBT) of Happy Forgings Ltd stood at Rs 122.64 crore in Q2 FY26, jumping 38.36% year-on-year, and improving 10.42% quarter-on-quarter. EBITDA came in at Rs 130 crore, expanding by 42.93% YoY and easing 1.96% sequentially. Total expenses saw a slight increase of 6.29% to Rs 334.81 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 187.8 crore, going up by 18.87% YoY, while employee benefits expense was at Rs 38.7 crore, ticking higher by 6.35% YoY. For the TTM ended FY26, revenue from operations inched higher 9.76% to Rs 1546.34 crore, while net profit expanded by 12.78% to Rs 301.63 crore, compared to previous TTM. EBITDA soared by 38023% to Rs 439.88 crore, and PBT rose 11.80% to Rs 401.98 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 444.67 crore in FY26, as against Rs 292.33 crore in FY25. Happy Forgings Ltd rallied 78.84% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 2.94% during the same period.
