Bharat Forge Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
BHARATFORG · price
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Bharat Forge reported consolidated revenue of Rs 168,116.53 million for FY2026, up 11.2% from Rs 151,228.03 million in FY2025. However, profit after tax declined significantly by 56% to Rs 8,576.94 million from Rs 19,646.28 million, primarily due to exceptional items totaling Rs 6,529.14 million. Key exceptional items include: Rs 4,996.50 million impairment of investment in Kalyani Powertrain Limited (standalone); Rs 425.64 million incidental expenses for restructuring of German subsidiary Bharat Forge CDP GmbH; Rs 557.15 million impact of new labour codes (consolidated); and Rs 404.99 million impairment of electric mobility assets (consolidated). These were partially offset by Rs 413.55 million gain on transfer of defence business to KSSL. The company declared a final dividend of Rs 6.50 per share (325%). CFO declared unmodified audit opinion. Debt-equity ratio stood at 0.31x. The company also completed acquisition of AAM India Manufacturing Corporation (renamed K Drive Mobility Solutions) for Rs 7,474.16 million and announced 30% stake acquisition in Fortuna Engineering Private Limited for Rs 1,296 million.
Profit declined sharply due to large exceptional items from EV business impairment and German subsidiary restructuring, though underlying revenue growth of 11% shows business stability. Debt levels remain manageable with 0.31x debt-equity ratio.