Industrial Products company Happy Forgings announced Q3FY25 results Revenue from Operations: Rs 354 crore, up 3.6% YoY, driven by higher realizations and strong growth in Industrials and Passenger Vehicles business segment. Gross Profit: Rs 205 crore, up 8.3% YoY, with a 249 bps margin expansion. EBITDA: Rs 101 crore, up 6.6% YoY, with an 80 bps margin improvement. PAT: Rs 65 crore, up 11.5% YoY, with an 18.2% margin. Ashish Garg, Managing Director, Happy Forgings, said: “We closed Q3FY25 and 9MFY25 on a positive note, navigating headwinds in underlying industry segments and despite a decline in raw material prices. Driven by a ~4% improvement in realizations and a favourable product mix shift, we achieved 3.6% revenue growth in Q3FY25, with Gross Profit, EBITDA, and PAT increasing by 8.3%, 6.6%, and 11.5% YoY, respectively. Increased contribution from Industrials and Passenger Vehicles segment, helped us drive sustainable growth and profitability during this period. As part of our growth and diversification strategy, we have announced a Rs 650 crore investment to establish advanced forging capabilities in the heavyweight components segment which will drive long-term growth in Industrials and Exports segment while delivering strong returns.” Result PDF