Happy Forgings has received an order for supply of axle components for electric SUVs in US passenger vehicle segment from a leading global manufacturer and supplier of automotive components. The supplies commence from Q3FY25 upto FY2032.The value of the order is approximately Rs 50 crore per annum on fully ramped up supply volume and approximately Rs 320-350 crore for the entire period. Powered by Capital Market - Live News

Happy Forgings announced the confirmation of an order for the supply of Brake Flanges for passenger vehicles (utility vehicles / pickup trucks) to a large leading Global Tier-1 manufacturer of automobile driveline components and systems. Supplies under the contract will commence from Q4FY26/Q1FY27 post the interim part approval process. The total order value is estimated to be worth Rs. 60-70 crores p.a. and approximately Rs. 500 crore for the entire agreement period until December 2034. This order signifies HFL`s entry into the US Passenger Vehicles segment, enhancing its export share, product mix, and diversifying its revenue geographically. Powered by Capital Market - Live News

Happy Forgings has received an order of Rs 400 crore for supply of machined components for SUVs from a large Indian automobile manufacturer. The contract period is for a minimum period of 6 years. Powered by Capital Market - Live News

Happy Forgings announced that ICRA has revised the long-term rating to [ICRA]AA from [ICRA]AA- and has reaffirmed the short-term rating to [ICRA]A1+. The outlook on the long-term rating is Stable. Powered by Capital Market - Live News

Net profit of Happy Forgings rose 39.22% to Rs 57.90 crore in the quarter ended December 2023 as against Rs 41.59 crore during the previous quarter ended December 2022. Sales rose 16.22% to Rs 341.99 crore in the quarter ended December 2023 as against Rs 294.26 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales341.99294.26 16 OPM %27.8324.88 - PBDT94.7371.65 32 PBT77.6756.13 38 NP57.9041.59 39 Powered by Capital Market - Live News