Happy Forgings announced that the Board of Directors of the Company at its meeting held on 24 May 2024, inter alia, have recommended the final dividend of Rs 4 per equity Share (i.e. 200%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Happy Forgings rose 29.74% to Rs 65.78 crore in the quarter ended March 2024 as against Rs 50.70 crore during the previous quarter ended March 2023. Sales rose 13.51% to Rs 343.34 crore in the quarter ended March 2024 as against Rs 302.47 crore during the previous quarter ended March 2023.For the full year,net profit rose 16.43% to Rs 242.98 crore in the year ended March 2024 as against Rs 208.70 crore during the previous year ended March 2023. Sales rose 13.51% to Rs 1358.24 crore in the year ended March 2024 as against Rs 1196.53 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales343.34302.47 14 1358.241196.53 14 OPM %28.2928.39 -28.5328.49 - PBDT103.4782.18 26 389.12334.21 16 PBT87.4667.83 29 324.39280.03 16 NP65.7850.70 30 242.98208.70 16 Powered by Capital Market - Live News

The Board of Happy Forgings at its meeting held on 24 May 2024 has approved issuance of corporate guarantee for up to Rs 155 crores for HFLTechnologies, a Wholly Owned Subsidiary of Happy Forgings, to secure the credit facilities to be availed by HFL Technologies for an amount up to Rs 155 crore from HDFC Bank. Powered by Capital Market - Live News

Happy Forgings will hold a meeting of the Board of Directors of the Company on 24 May 2024Powered by Capital Market - Live News

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