'On consolidated basis

Quarter ended December 2025 compared with Quarter ended December 2024.

Net sales (including other operating income) of Happy Forgings has increased 10.44% to Rs 391.31 crore.  Operating profit margin has jumped from 28.64% to 30.77%, leading to 18.67% rise in operating profit to Rs 120.40 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 42.03% to 40.05%.   Employee cost decreased from 9.27% to 8.95%.   Other expenses fell from 20.07% to 19.68%.   

Other income rose 23.26% to Rs 8.16 crore.  PBIDT rose 18.95% to Rs 128.56 crore.  Provision for interest rose 14.42% to Rs 2.46 crore.  

PBDT rose 19.04% to Rs 126.1 crore.  Provision for depreciation rose 17.37% to Rs 22.43 crore.  

Profit before tax grew 19.41% to Rs 103.67 crore.  Share of profit/loss were nil in both the p...

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