'
Happy Forgings hosted
a conference call on Feb 10, 2026. The company was represented by: Mr. Ashish
Garg, Managing Director, and Mr. Pankaj Kumar Goyal, Chief Financial Officer.
Key takeaways of the call
The
company has delivered a strong performance in Q3 FY26 driven by healthy demand
across key domestic end markets, including commercial vehicles, farm equipment,
and passenger vehicles, which more than offset the relatively weaker conditions
in export markets.
Management
expects demand momentum to carry into Q4 FY26 and extend into FY27.
Looking
ahead, the company expect domestic demand momentum to remain positive. With the
recent developments related to tariffs and trade agreements, management expect
tariff-related headwinds to moderate, which should support better performance
in export markets.
The
company expects EBITDA margin to remain between 29-31%.
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