Happy Forgings Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Operating Revenue	14,745	14,089	13,582	11,965	8,600	5,850
Revenue	14,745	14,089	13,582	11,965	8,600	5,850
Revenue Growth (YoY)	5.30%	3.73%	13.51%	39.12%	47.03%	4.81%
Cost of Revenue	6,363	6,229	6,225	5,736	4,055	2,660
Gross Profit	8,382	7,860	7,357	6,230	4,546	3,189
Selling, General & Admin	1,340	1,264	1,156	887.11	691.98	497.39
Other Operating Expenses	2,642	2,526	2,323	1,914	1,545	1,094
Operating Expenses	4,830	4,560	4,126	3,343	2,614	1,949
Operating Income	3,552	3,300	3,231	2,886	1,931	1,241
Interest Expense	-85.69	-69.95	-110.1	-119.11	-63.4	-111.97
Interest & Investment Income	243.23	243.23	76.54	5.43	7.24	42.59
Earnings From Equity Investments	-	-	-	0.05	0.05	-
Currency Exchange Gain (Loss)	50.38	50.38	28.17	45.46	44.55	9.82
Other Non Operating Income (Expenses)	-19.29	6.16	21.14	-2.79	0.61	0.01
EBT Excluding Unusual Items	3,740	3,530	3,247	2,816	1,921	1,181
Gain (Loss) on Sale of Investments	5.85	5.85	-	0.09	-	0.26
Gain (Loss) on Sale of Assets	-1.21	-1.21	0.04	0.46	-	-
Asset Writedown	-2.33	-2.33	-3.13	-15.8	-	-10.83
Pretax Income	3,806	3,596	3,244	2,800	1,921	1,171
Income Tax Expense	948.16	921.17	814.05	713.27	497.63	306.13
Net Income	2,858	2,674	2,430	2,087	1,423	864.48
Net Income to Common	2,858	2,674	2,430	2,087	1,423	864.48
Net Income Growth	7.64%	10.06%	16.43%	46.67%	64.59%	8.14%
Shares Outstanding (Basic)	94	94	91	89	89	89
Shares Outstanding (Diluted)	94	94	91	89	89	89
Shares Change (YoY)	0.08%	3.78%	1.48%	-	-	-
EPS (Basic)	30.31	28.39	26.78	23.32	15.90	9.66
EPS (Diluted)	30.27	28.37	26.75	23.32	15.90	9.66
EPS Growth	7.55%	6.06%	14.71%	46.67%	64.59%	8.14%
Free Cash Flow	-	212.01	1.54	348.7	-1,105	-418.11
Free Cash Flow Per Share	-	2.25	0.02	3.90	-12.35	-4.67
Dividend Per Share	-	3.000	4.000	-	-	-
Dividend Growth	-	-25.00%	-	-	-	-
Gross Margin	56.85%	55.79%	54.17%	52.06%	52.85%	54.52%
Operating Margin	24.09%	23.42%	23.79%	24.12%	22.46%	21.21%
Profit Margin	19.38%	18.98%	17.89%	17.44%	16.54%	14.78%
Free Cash Flow Margin	-	1.50%	0.01%	2.91%	-12.85%	-7.15%
EBITDA	4,415	4,071	3,878	3,425	2,306	1,598
EBITDA Margin	29.94%	28.89%	28.56%	28.62%	26.82%	27.32%
D&A For EBITDA	863.11	770.61	647.28	538.35	374.77	357.21
EBIT	3,552	3,300	3,231	2,886	1,931	1,241
EBIT Margin	24.09%	23.42%	23.79%	24.12%	22.46%	21.21%
Effective Tax Rate	24.91%	25.62%	25.09%	25.47%	25.91%	26.15%
Revenue as Reported	15,094	14,463	13,716	12,023	8,661	5,908
Advertising Expenses	-	11.45	8.17	6.82	2.96	5.7

Source: S&P Global Market Intelligence. Standard template. Financial Sources.