27 Feb, EOD - Indian

SENSEX 81287.19 (-1.17)

Nifty Midcap 100 59115.6 (-1.14)

Nifty IT 30603.85 (0.16)

Nifty Next 50 69710.9 (-1.30)

Nifty 50 25178.65 (-1.25)

Nifty Pharma 22952.35 (-1.50)

Nifty Bank 60529 (-1.08)

Nifty Smallcap 100 16928.9 (-1.10)

27 Feb, EOD - Global

NIKKEI 225 58850.27 (0.16)

HANG SENG 26630.54 (0.95)

S&P 6901 (-0.45)


You are Here : Home > Research

10-Feb-2026

Happy Forgings

Domestic demand to sustain, while export headwinds are expected to moderate


'

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%.



Pleaselogin & subscribe to view the full report.

More Reports
  • Analyst Meet / AGM-Conference Call   (10-Feb-2026)

    Happy Forgings

    Domestic demand to sustain, while export headwinds are expected to moderate

  • Results-Analysis   (09-Feb-2026)

    Happy Forgings

    OP up 18.67%

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and Content powered by CMOTS InfoTech (ISO 9001:2015 & ISO/IEC 27001:2022 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +