ICICI Securities Forecasts 19.5% Year-Over-Year Increase in Happy Forgings' Q4 Profit After Tax to Rs 80.8 Crore
ICICI Securities Releases Earnings Estimates for Happy Forgings
ICICI Securities has released its fourth quarter (January-March 2026) earnings estimates for the Auto Ancillaries sector, with a focus on Happy Forgings. The brokerage house is expecting a significant improvement in the company's financial performance.
According to ICICI Securities, Happy Forgings is expected to report a net profit of Rs. 80.8 crore, representing a year-on-year (Y-o-Y) growth of 19.5 percent. On a quarterly basis (Q-o-Q), the company's net profit is expected to increase by 2.3 percent.
The brokerage house has also estimated a significant rise in net sales for Happy Forgings. Net sales are expected to increase by 18.8 percent Y-o-Y to Rs. 418.1 crore, and by 6.9 percent Q-o-Q.
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Earnings before interest, tax, depreciation, and amortisation (EBITDA) are also expected to rise substantially. ICICI Securities estimates that EBITDA will increase by 22.7 percent Y-o-Y to Rs. 125.4 crore, and by 4.2 percent Q-o-Q.
| Indicator | Y-o-Y Growth | Q-o-Q Growth |
|---|---|---|
| Net Profit | 19.5% | 2.3% |
| Net Sales | 18.8% | 6.9% |
| EBITDA | 22.7% | 4.2% |
Investor Takeaway
Happy Forgings is expected to report a 19.5% year-over-year increase in Q4 profit after tax.
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