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Happy Forgings Revenue History — Quarter by Quarter

Happy Forgings's revenue moved from ₹354 Cr in Q1 FY26 to ₹391 Cr in Q3 FY26, a 10.5% change over 3 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

QuarterRevenue (₹ Cr)YoY Change
Q3 FY26₹391 Cr+10.4%
Q2 FY26₹377 Cr+4.5%
Q1 FY26₹354 Cr+3.6%

What management said about revenue

G

Q3 FY26 · Incremental annual business of ₹800 crore from FY27

New and incremental peak annual business of approximately ₹800 crore expected to commence from FY27, scaling over 2-3 years, with 80-85% execution by FY28.

G

Q2 FY26 · Revenue run-rate improvement from Q4 FY26

Management expects better revenue run-rate from Q4 FY26, driven by new project ramp-ups starting Q3.

G

Q2 FY26 · PV segment to contribute 8-10% of revenue within 2 years

Passenger vehicle segment, currently 5% of revenue, is expected to reach 8-10% within two years, supported by SUV platform ramp-up.

G

Q1 FY26 · Medium-term revenue growth of 15-18%

Management expects 15-18% revenue growth from new business wins, contingent on market recovery.

G

Q1 FY26 · PV segment to reach 8-10% of revenue in 2 years

Passenger vehicle segment expected to grow from 6% to 8-10% of total revenues over next two years.

G

Q1 FY26 · Front axle beam revenue of ₹30-40 crore in FY26

Front axle beam business expected to generate ₹30-40 crore revenue this year, ramping to ₹50-60 crore next year.