Bharat Forge Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
BHARATFORG · price
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Bharat Forge reported mixed Q1 FY26 results, with profits rising sharply even as revenues fell. Standalone revenue from operations declined about 10% year-on-year to ₹21,047 million (vs ₹23,381 million in Q1 FY25), but standalone profit after tax grew roughly 26% to ₹3,385 million, lifting EPS to ₹7.08 (vs ₹5.79). On a consolidated basis, revenue fell about 5% to ₹39,087 million, while consolidated PAT surged nearly 63% to ₹2,839 million and EPS rose to ₹5.93 (vs ₹4.36), supported by sharply lower exceptional items, reduced finance costs, and improved performance of the Forgings segment. The Forgings segment grew about 5% to ₹35,580 million, while the Defence segment revenue fell sharply from ₹6,417 million to ₹2,644 million. The company completed the 100% acquisition of AAM India Manufacturing Corporation on July 1, 2025, and transferred its Defence business to wholly owned subsidiary KSSL on August 6, 2025.
Strong profit growth and a low debt-to-equity ratio (0.34 standalone, 0.67 consolidated) signal improved earnings quality, but the year-on-year revenue decline—particularly the steep fall in Defence revenue—may concern investors. The AAM acquisition should boost future revenues, while the defence business hive-off is largely neutral for consolidated results.