Integrated Filing — IndAS

General information about company
Scrip Code	544057
NSE Symbol	HAPPYFORGE
MSEI Symbol	NOTLISTED
ISIN	INE330T01021
Name of company	HAPPY FORGINGS LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	17-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	02-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	FORGING & MACHINING
Start date and time of board meeting	17-May-2025   15:00:00
End date and time of board meeting	17-May-2025   16:25:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	3519723000	14088947000
	Other income	100258000	374501000
	Total income	3619981000	14463448000
2	Expenses
(a)	Cost of materials consumed	1444790000	6027781000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	10583000	-111116000
(d)	Employee benefit expense	322507000	1248156000
(e)	Finance costs	24505000	75333000
(f)	Depreciation, depletion and amortisation expense	202826000	770611000
(f)	Other Expenses
1	Consumption of stores and spares	161536000	644311000
2	Power and fuel Expenses	237980000	991030000
3	Repairs and maintenance:	87010000	312138000
4	Job work charges	76649000	284296000
5	Freight and forwarding charges	63408000	296395000
6	CSR expenditure	13500000	54000000
7	Legal and professional fees	8424000	23854000
8	Travelling & Conveyance expenses	7063000	28517000
9	Packing material	28513000	112824000
10	Other	35050000	109784000
	Total other expenses	719133000	2857149000
	Total expenses	2724344000	10867914000
3	Total profit before exceptional items and tax	895637000	3595534000
4	Exceptional items	0	0
5	Total profit before tax	895637000	3595534000
6	Tax expense
7	Current tax	205893000	848365000
8	Deferred tax	13443000	72806000
9	Total tax expenses	219336000	921171000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	676301000	2674363000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	676301000	2674363000
17	Other comprehensive income net of taxes	-12357000	15040000
18	Total Comprehensive Income for the period	663944000	2689403000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	0	0
	Total profit or loss, attributable to non-controlling interests	0	0
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	0	0
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	0
21	Details of equity share capital
	Paid-up equity share capital	188484000	188484000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		18306977000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	7.18	28.39
	Diluted earnings (loss) per share from continuing operations	7.18	28.37
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	7.18	28.39
	Diluted earnings (loss) per share from continuing and discontinued operations	7.18	28.37
24	Debt equity ratio	0.0012	0.0012
25	Debt service coverage ratio	0	0.5046
26	Interest service coverage ratio	0	0.5046
27	Disclosure of notes on financial results

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	8995956000
	Capital work-in-progress	1163867000
	Investment property	0
	Goodwill	0
	Other intangible assets	81168000
	Intangible assets under development	64165000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	0
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	1511006000
	Total non-current financial assets	1511006000
	Deferred tax assets (net)	0
	Other non-current assets	1149702000
	Total non-current assets	12965864000
2	Current assets
	Inventories	2324203000
	Current financial asset
	Current investments	795846000
	Trade receivables, current	4265385000
	Cash and cash equivalents	129461000
	Bank balance other than cash and cash equivalents	1236131000
	Loans, current	3326000
	Other current financial assets	293466000
	Total current financial assets	6723615000
	Current tax assets (net)	0
	Other current assets	138544000
	Total current assets	9186362000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	22152226000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	188484000
	Other equity	18306977000
	Total equity attributable to owners of parent	18495461000
	Non controlling interest	0
	Total equity	18495461000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	0
	Total non-current financial liabilities	0
	Provisions, non-current	0
	Deferred tax liabilities (net)	393278000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	393278000
	Current liabilities
	Current financial liabilities
	Borrowings, current	2279901000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	76658000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	376981000
	Total Trade payable	453639000
	Other current financial liabilities	252840000
	Total current financial liabilities	2986380000
	Other current liabilities	193517000
	Provisions, current	48551000
	Current tax liabilities (Net)	35039000
	Deferred government grants, Current	0
	Total current liabilities	3263487000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	3656765000
	Total equity and liabilites	22152226000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurement gain/(losses) on defined benefit plans	64000	3055000
	Total Amount of items that will not be reclassified to profit and loss	64000	3055000
2	Income tax relating to items that will not be reclassified to profit or loss	16000	769000
3	Amount of items that will be reclassified to profit and loss
1	Net Movement on effective portion of cash flow hedges	-16577000	17044000
	Total Amount of items that will be reclassified to profit and loss	-16577000	17044000
4	Income tax relating to items that will be reclassified to profit or loss	-4172000	4290000
5	Total Other comprehensive income	-12357000	15040000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			3595534000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			75333000
	Adjustments for decrease (increase) in inventories			-82544000
	Adjustments for decrease (increase) in trade receivables, current			-669881000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			167586000
	Adjustments for decrease (increase) in other non-current assets			2518000
	Adjustments for other financial assets, non-current			219991000
	Adjustments for other financial assets, current			-87167000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			-101733000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			101835000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			770611000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			7050000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			-43439000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-19490000
	Adjustments for dividend income			0
	Adjustments for interest income			236616000
	Adjustments for share-based payments			50866000
	Adjustments for fair value losses (gains)			-494000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			5626000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			160052000
	Net cash flows from (used in) operations			3755586000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			832263000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			2923323000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			790000000
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			2916000
	Purchase of property, plant and equipment			2711311000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			97206000
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			3645314000
	Purchase of other long-term assets			3447044000
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			195308000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-3202023000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			7090000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			845568000
	Repayments of borrowings			0
	Payments of lease liabilities			0
	Dividends paid			376820000
	Interest paid			74104000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			401734000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			123034000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			123034000
	Cash and cash equivalents cash flow statement at beginning of period			6427000
	Cash and cash equivalents cash flow statement at end of period			129461000