Happy Forgings Ltd's Q3FY25 Quarter Results
- 08 Feb 2025
Result Summary
- Happy Forgings Ltd reported a 3.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 4.5%.
- Its expenses for the quarter were down by 1.0% QoQ and up 2.4% YoY.
- The net profit decreased 9.6% QoQ and increased 11.5% YoY.
- The earnings per share (EPS) of Happy Forgings Ltd stood at 6.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 360.94 | 374.21 | 345.31 | -3.5% | 4.5% |
Total Expenses | 274.13 | 277.00 | 267.65 | -1.0% | 2.4% |
Profit Before Tax | 86.82 | 97.22 | 77.67 | -10.7% | 11.8% |
Tax | 22.27 | 25.86 | 19.77 | -13.9% | 12.6% |
Profit After Tax | 64.55 | 71.37 | 57.90 | -9.6% | 11.5% |
Earnings Per Share | 6.80 | 7.60 | 6.50 | -10.5% | 4.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Happy Forgings Ltd is a company that operates in the manufacturing sector, specializing in the production of forged components. These components are typically used in various industrial applications, including automotive and heavy machinery. As of the latest available data, there are no significant recent developments or changes in the company's business structure or product offerings. However, given the nature of the forging industry, the company likely faces challenges related to raw material costs, energy prices, and cyclical demand from its primary customers, which could influence its financial performance. Detailed information on any new projects or strategic shifts was not provided in the data.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Happy Forgings Ltd reported a total income of ₹360.94 crores. This marks a 3.5% decline from the previous quarter (Q2FY25), where the total income was ₹374.21 crores. However, when compared to the third quarter of the previous year (Q3FY24), there is an increase of 4.5%, as the total income in that period was ₹345.31 crores. This YoY growth indicates an upward trend in revenue generation over the past year, despite the recent QoQ decline. The fluctuation in revenue could be attributed to various factors, including changes in market demand or pricing strategies, though specific causes are not detailed in the provided data.
Profitability
The company's profit before tax (PBT) for Q3FY25 stood at ₹86.82 crores, reflecting a decline of 10.7% from the previous quarter's PBT of ₹97.22 crores. This decline is also reflected in the profit after tax (PAT), which decreased by 9.6% from ₹71.37 crores in Q2FY25 to ₹64.55 crores in Q3FY25. Despite this quarterly decline, both PBT and PAT have shown improvements compared to the same quarter last year, with YoY increases of 11.8% and 11.5% respectively. The tax expense for Q3FY25 was ₹22.27 crores, down 13.9% from Q2FY25, but up 12.6% from Q3FY24. The earnings per share (EPS) for Q3FY25 was ₹6.80, showing a decline of 10.5% from the previous quarter but a YoY increase of 4.6% from ₹6.50 in Q3FY24.
Operating Metrics
Total expenses for Q3FY25 were ₹274.13 crores, a slight decrease of 1.0% from Q2FY25, where expenses were ₹277.00 crores. Compared to Q3FY24, total expenses have increased by 2.4% from ₹267.65 crores. The decrease in expenses on a quarterly basis might suggest tighter cost management or changes in operational efficiency. However, the annual increase in expenses could be attributed to inflationary pressures or increased operational activities. The company's ability to manage its expenses effectively while maintaining a steady increase in income year-over-year could be a point of interest for stakeholders. However, the data does not provide specific insights into operational changes or strategic initiatives that may have impacted these metrics.
