Happy Forgings Limited

rs,

May 17, 2025 To BSE Ltd, Corporate Relationship Department, Phiroze Jeejebhoy Towers, Dalal Street, Mumbai - 400 001 National Stock Exchange of India Ltd. Listing Department, Exchang

58.0%

growth. In FY25, we delivered our best-ever full-year profitability, with a Gross Profit margin of 58.0%, an EBITDA margin of 28.9%, and an adjusted PAT margin of 18.6%, reflecting consistent profitabili

28.9%

ed our best-ever full-year profitability, with a Gross Profit margin of 58.0%, an EBITDA margin of 28.9%, and an adjusted PAT margin of 18.6%, reflecting consistent profitability improvement over the year

18.6%

ity, with a Gross Profit margin of 58.0%, an EBITDA margin of 28.9%, and an adjusted PAT margin of 18.6%, reflecting consistent profitability improvement over the years. Revenues grew 4.7% yoy on an adju

4.7%

PAT margin of 18.6%, reflecting consistent profitability improvement over the years. Revenues grew 4.7% yoy on an adjusted basis, despite a ~4% impact from the decline in steel prices. Adjusted EBITDA an

4%

profitability improvement over the years. Revenues grew 4.7% yoy on an adjusted basis, despite a ~4% impact from the decline in steel prices. Adjusted EBITDA and PAT grew by 7.4% and 11.2%, respectiv

7.4%

sted basis, despite a ~4% impact from the decline in steel prices. Adjusted EBITDA and PAT grew by 7.4% and 11.2%, respectively. Realisation for the year stood at Rs. 248/kg, 1.5 times higher than 2021 l

11.2%

s, despite a ~4% impact from the decline in steel prices. Adjusted EBITDA and PAT grew by 7.4% and 11.2%, respectively. Realisation for the year stood at Rs. 248/kg, 1.5 times higher than 2021 levels. Du

Rs. 248

s. Adjusted EBITDA and PAT grew by 7.4% and 11.2%, respectively. Realisation for the year stood at Rs. 248/kg, 1.5 times higher than 2021 levels. During the year, we announced new orders worth over Rs. 1,6

Rs. 1,600

Rs. 248/kg, 1.5 times higher than 2021 levels. During the year, we announced new orders worth over Rs. 1,600 Crs in the PV and Industrial segments, to be executed over the next 5-8 years, with annual peak sal

Rs. 250

be executed over the next 5-8 years, with annual peak sales potential from these orders exceeding Rs. 250 Crs. During Q4FY25, we recorded yoy growth of 2.5%, 6.4%, and 5.3% in Revenues, Gross Profit, and

2.5%

sales potential from these orders exceeding Rs. 250 Crs. During Q4FY25, we recorded yoy growth of 2.5%, 6.4%, and 5.3% in Revenues, Gross Profit, and EBITDA, respectively, supported by strong and impro

“INVESTOR PRESENTATION Q4 & FY25 1 SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), prepared by Happy Forgings Limited (the “Company”), are intended solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever.”

“No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.”

“2 Q4 & FY25 Performance Highlights MESSAGE FROM THE MANAGING DIRECTOR “I am pleased to share the key performance highlights for FY25 and Q4FY25, which reflect our resilience driven by a strategic focus on business diversification, expansion into new verticals, and the pursuit of higher value-add business that contributed to overall growth.”

“In FY25, we delivered our best-ever full-year profitability, with a Gross Profit margin of 58.0%, an EBITDA margin of 28.9%, and an adjusted PAT margin of 18.6%, reflecting consistent profitability improvement over the years.”

“3 per share for FY25, implying a payout ratio of ~11%.”

“^ In FY25 other income included a non-recurring income of Rs.”

“4.8 Crs (on a post-tax basis) which has been adjusted in FY25 PAT margin and yoy PAT growth percentage.”

“5 VOLUME & REALISATION TREND Annual FG Volume and Realisation Trend FY25 vs FY24 (Volume and Realisation) Realisation/Kg (Rs.) Finished Goods Volume (MT) 50,656 55,379 56,906 42,777 35,534 FY25 Vs FY21 1.6x Particulars FY24 FY25 YoY FG Volume (MT) 55,379 56,906 2.8% 232 243 248 201 165 1.5x Realisation/Kg (Rs.) 245/243* 248 0.9%/1.9%* FY21 FY22 FY23^ FY24* FY25 Realisation improved by Rs.”

“~5/kg YoY* in FY25 despite a fall in raw material costs during the period * During FY24, financials were favorably impacted by higher realization on account of air freight costs received on one order (by ~Rs.”

“9 Crs and PAT by ~Rs.7 Crs) for the period 9MFY24 ^ Other income for the period FY25 includes a non-recurring income of Rs.”

Regd Office

1

Regd Office

INVESTOR PRESENTATION Q4 & FY25 1 SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), prepared by Happy Forgings Limited (the “Company”), are intended solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the