Bharat Forge Limited has informed the Exchange regarding 'Presentation on Results for the quarter and year endedMarch 31, 2025'.
BHARATFORG · price
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Bharat Forge reported Q4 FY25 standalone revenue of Rs 2,163 Cr with strong EBITDA margins of 29.1% and PBT of Rs 494 Cr. For full-year FY25, standalone revenue stayed nearly flat at Rs 8,844 Cr versus Rs 8,969 Cr in FY24, while EBITDA margins expanded 100 bps to 28.5%. Consolidated revenue was also flat at Rs 15,123 Cr, but consolidated EBITDA margins improved meaningfully from 16.4% to 18.2%. The company secured Rs 4,343 Cr of new orders in Q4 (including a Rs 3,417 Cr ATAGS defence order), taking the defence order book to Rs 9,420 Cr. The balance sheet remains robust with Rs 2,623 Cr cash and net Debt/Equity improving from 0.61 to 0.35. Management declined to give FY26 export outlook citing tariff volatility, but outlined internal levers to improve profitability including reducing E-Mobility losses and evaluating the European steel business.
Improving margins, a robust defence order pipeline, and a stronger balance sheet are positives for shareholders, but lack of export guidance, overseas losses (US operations still loss-making at EBITDA level), and tariff-related uncertainty may weigh on near-term sentiment.