Happy Forgings recommends ₹4 final dividend and sets 47th AGM for July 27, 2026
Happy Forgings reported strong FY26 and Q4 results with margin expansion, a higher final dividend of ₹4 per share (subject to approval), and an expanded captive solar capex plan. The update signals solid cash generation and an emphasis on shareholder returns, while noting FX headwinds to earnings translation. As a single-company corporate action in India, broader cross-asset market impact is limited.
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Happy Forgings reported FY26 revenue of ₹1,546 crore, up 9.8%, with the EBITDA margin rising 157 bps to 30.4% and profit after tax up 23.6%. In Q4, revenue rose 20.4% to ₹424 crore and the EBITDA margin expanded to 31.5%. The board recommended a final dividend of ₹4 per equity share (face value ₹2) and also approved expanding a 35 MW solar project and an order book of ₹950 crores for new businesses. The company said the results reflect earnings ahead of expectations and support higher shareholder-return expectations.