Shares of Happy Forgings Ltd skyrocketed 7% on 16 April after the company announced securing a significant order from a leading global tier 1 manufacturer.

In its regulatory filing, the company said that they secured an order from a leading global tier 1 manufacturer of automobile driveline components and systems for manufacturing and supplying brake flanges for passenger vehicles (utility vehicles/pickup trucks).

The duration of this order is from the fourth quarter of the current fiscal year or the Q1 of the 2026-27 financial year till December 2034. The order is worth Rs 69 crore to Rs 70 crore per annum, taking the total value of the order to around Rs 500 crore for the entire period.

Earlier in February, the company bagged an order worth Rs 400 crore for the supply of fully machine components for SUVs.

In its quarterly report for October-December, the company reported a 16% year-on-year growth in revenue and a 39% YoY increase in profit after tax.

At 1:00 pm, the shares of Happy Forgings were trading 5.67% higher at Rs 956.70 on NSE.