Happy Forgings Limited

rs,

May 21, 2026 To BSE Ltd, Corporate Relationship Department, Phiroze Jeejebhoy Towers, Dalal Street, Mumbai - 400 001 National Stock Exchange of India Ltd. Listing Department, Exchang

20.6%

, concluding the financial year on a high note. During the quarter, we registered volume growth of 20.6% YoY, resulting in revenue growth of 20.4% and EBITDA growth of 30.4%. PAT grew by 23.6% and lagged

20.4%

note. During the quarter, we registered volume growth of 20.6% YoY, resulting in revenue growth of 20.4% and EBITDA growth of 30.4%. PAT grew by 23.6% and lagged EBITDA growth primarily due to adverse Fx

30.4%

e registered volume growth of 20.6% YoY, resulting in revenue growth of 20.4% and EBITDA growth of 30.4%. PAT grew by 23.6% and lagged EBITDA growth primarily due to adverse Fx movements. The quarter als

23.6%

e growth of 20.6% YoY, resulting in revenue growth of 20.4% and EBITDA growth of 30.4%. PAT grew by 23.6% and lagged EBITDA growth primarily due to adverse Fx movements. The quarter also witnessed healthy

70 bps

proving product mix and operating leverage. Gross margin, EBITDA margin and PAT margin improved by 70 bps, 240 bps and 50 bps YoY respectively, with margins for the quarter standing at 59.4%, 31.5% and 19

240 bps

product mix and operating leverage. Gross margin, EBITDA margin and PAT margin improved by 70 bps, 240 bps and 50 bps YoY respectively, with margins for the quarter standing at 59.4%, 31.5% and 19.7% respe

50 bps

and operating leverage. Gross margin, EBITDA margin and PAT margin improved by 70 bps, 240 bps and 50 bps YoY respectively, with margins for the quarter standing at 59.4%, 31.5% and 19.7% respectively. F

59.4%

n improved by 70 bps, 240 bps and 50 bps YoY respectively, with margins for the quarter standing at 59.4%, 31.5% and 19.7% respectively. FY26 marked another milestone year in our journey as we delivered

31.5%

ved by 70 bps, 240 bps and 50 bps YoY respectively, with margins for the quarter standing at 59.4%, 31.5% and 19.7% respectively. FY26 marked another milestone year in our journey as we delivered our hig

19.7%

ps, 240 bps and 50 bps YoY respectively, with margins for the quarter standing at 59.4%, 31.5% and 19.7% respectively. FY26 marked another milestone year in our journey as we delivered our highest-ever a

₹1,546

n our journey as we delivered our highest-ever annual profitability. Revenue for the year stood at ₹1,546 Crs., while EBITDA margin expanded by 157 bps to 30.4% and PAT margin improved by 52 bps YoY to 19.5

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

“Ashish Garg, Managing Director, Happy Forgings Limited, said: “We delivered a strong performance in Q4 FY26, concluding the financial year on a high note.”

“FY26 marked another milestone year in our journey as we delivered our highest-ever annual profitability.”

“While recent geopolitical developments have led to some increase in raw material and manufacturing costs, we expect the overall margin impact to remain manageable, supported by existing raw material pass-through arrangements and ongoing customer discussions for recovery of other manufacturing cost inflation.”

“* Growth impacted by adverse Fx movement during FY26.”

“Other Income Finance Cost Profit Before Tax Q4FY26 Q4FY25 424 172 252 352 146 206 59.4% 58.7% 36 82 133 32 72 102 31.5% 29.1% 25 109 6 115 4 111 20 82 10 92 2 90 Profit Before Tax Margin 26.2% 25.4% Tax PAT PAT Margin % EPS (Diluted) 28 84 19.7% 8.85 22 68 19.2% 7.18 ^ Other income for FY25 includes insurance income of Rs.”

“Note: Other income for FY26 was impacted by adverse Fx movement of ~4.5 Cr.”

“Crs.) EBITDA FY21 159 FY22 231 FY23 341 FY24 388 FY25 407 FY26 471 ∑ (FY21-FY26) 1,995 EBITDA Margin (%) 27.1% 26.8% 28.5% 28.5% 28.9% 30.4% Operating Cash Flow Op.”

“Crs.) Gross Block and Capacity Build-up Since 2021 798 934 547 1,725 3.2x 1,115 1,351 Capacity (in MT) FY21 FY26 ✓ Current liquidity surplus of ~Rs.”

“1,546 Crs FY25 Revenue 30.4% FY26 EBITDA Margin AA/STABLE CRISIL and ICRA Credit Rating OUR VISION To be amongst the top 10 forging and machining companies globally OUR MISSION ▪ State-of-the-art Technology ▪ Deliver more than promised ▪ Respect and encourage people ▪ Inspire innovation and creativity ▪ Care for the environment and society * Installed capacity as on Mar 31, 2025 18 BUSINESS EVOLUTION SPANNING 4 DECADES Rs.”

Regd Office

1

Regd Office

Bindu GargDigitally signed by Bindu Garg Date: 2026.05.21 17:20:14 +05'30' INVESTOR PRESENTATION Q4 & FY 2026 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