HAPPYFORGE

- Outlook for FY27: Expects high teen volume growth and EBITDA margins broadly in line with FY26, with potential for further improvement. - Price Revisions: Benefits from successfully negotiated price revisions with OEMs expected to fully reflect from Q2 FY27 onwards. - Order Book: Strong order book of approximately ₹950 crores, representing peak incremental annual revenue potential over the next 2-3 years, driven by industrial and passenger vehicle programs (60% export, 40% domestic). - EBITDA Margin: Confident of achieving EBITDA margins upwards of 30% going forward, with an additional 1-1.5% benefit from solar power from FY28. - Capacity Expansion: Commissioned a 4,000-ton forging press line and 7,200 metric tons of additional machining capacity; 18,000 vertical upsetter line to be operational from Q4 FY27. - Growth Drivers: Industrial segment (data center, energy, mining, wind) expected to double revenue contribution in 3-4 years; passenger vehicles to contribute 12-15% of revenues. - Funding & Acquisitions: Growth primarily funded by internal accruals; open to inorganic opportunities in energy and aerospace for technology acquisition. - Solar Project: Captive solar power project expected on stream from Q4 FY27, contributing from FY28.

- Concall Schedule - Concall Date: 14th August 2026 - Concall Time: 10:00 am onwards - Organized by: Equirus Securities - Location: Mumbai

- Audio recording of the Earnings Call on the Financial Results for the quarter ended June 30, 2026, held on August 05, 2026, is available. - Access the recording at: https://happyforgingsltd.com/wp-content/uploads/2026/08/10045468.mp3

- Consolidated Revenue ₹44,942.23 Lacs vs ₹35,380.34 Lacs (▲27% YoY) - EBITDA ₹14,085.33 Lacs vs ₹10,115.02 Lacs (▲39% YoY) - PAT ₹9,146.13 Lacs vs ₹6,568.81 Lacs (▲39% YoY) - EBITDA Margin 31.34% vs 28.59% (▲275bps)

- Consolidated Revenue ₹449Cr vs ₹354Cr (▲27.0% YoY) - EBITDA ₹141Cr vs ₹101Cr (▲39.3% YoY) - PAT ₹91Cr vs ₹66Cr (▲39.2% YoY) - EBITDA Margin 31.3% vs 28.6% (▲275bps)

- Consolidated Revenue ₹44,942.23 lacs vs ₹35,380.34 lacs (▲27.02% YoY) - EBITDA ₹14,085.33 lacs vs ₹10,115.02 lacs (▲39.25% YoY) - PAT ₹9,146.13 lacs vs ₹6,568.81 lacs (▲39.23% YoY) - EBITDA Margin 31.34% vs 28.59% (▲275bps)

- Consolidated Revenue ₹449.42 Cr vs ₹353.80 Cr (▲27.02% YoY) - EBITDA ₹140.85 Cr vs ₹101.15 Cr (▲39.25% YoY) - PAT ₹91.46 Cr vs ₹65.69 Cr (▲39.23% YoY) - EBITDA Margin 31.34% vs 28.59% (▲275bps)

- Consolidated Revenue ₹44,942.23 lacs vs ₹35,380.34 lacs (▲27.02% YoY) - EBITDA ₹14,085.33 lacs vs ₹10,115.02 lacs (▲39.25% YoY) - PAT ₹9,146.13 lacs vs ₹6,568.81 lacs (▲39.24% YoY) - EBITDA Margin 31.34% vs 28.59% (▲275bps)