Bharat Forge Q2 FY26: standalone revenue falls 13%, consolidated PAT up 23% YoY

Revenue DeclineExceptional ItemPat Growth 25pctRelated Party TransactionsResults View source PDF Explain this filing

BHARATFORG · price

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Price reactionminutes from the announcement price · days from the prior close

+5.5%Reaction day

₹1330.20

prior close

₹1333.50

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.4%+5.0% vs market

Auto Components & Equipments peers, median of 109sector+0.4%+5.1% vs sector

On the reaction day the stock moved 5.0 pts more than Nifty Midcap 150 and 5.1 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

+2.7

30m

+1.4

Sessions after the filingfrom the prior close

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Reaction day

+5.5+0.4+5.0+0.4+5.1

Next day

+4.5+1.2+3.3+1.0+3.5

+4.3+0.9+3.4+0.5+3.8

+5.2+0.9+4.3+0.6+4.6

+4.4+1.6+2.8+0.3+4.1

+5.2+1.0+4.2-0.4+5.5

+8.0+1.3+6.7-0.6+8.6

15d

+7.0+0.9+6.1-1.8+8.8

+5.8-1.1+6.9-3.5+9.3

+9.2-0.8+10.0-7.5+16.7

+25.6+1.1+24.6-4.0+29.6

UpDownMarket · Nifty Midcap 150Sector · Auto Components & Equipments peers, median of 109Pending

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AI summary

Bharat Forge posted Q2 FY26 results. Standalone revenue fell 13% YoY to Rs 1,947 crore, PAT down 14% to Rs 310 crore. Consolidated revenue rose 9% to Rs 4,032 crore, PAT up 23% to Rs 299 crore. H1 consolidated PAT grew 40%. Board approved raising up to Rs 2,000 crore via term loans or NCDs. Exceptional Rs 49 crore impairment on KPTL investment, partly offset by Rs 41 crore gain on Defence business transfer to subsidiary KSSL. Acquired AAM India for Rs 747 crore in July.

Likely market impact

Mixed results - weak standalone but strong consolidated growth. Debt and acquisition signal expansion, but higher leverage and impairment charges may weigh on sentiment.