Integrated Filing — IndAS



General information about company
Scrip Code 500493
NSE Symbol BHARATFORG
MSEI Symbol NOTLISTED
ISIN INE465A01025
Name of company BHARAT FORGE LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 06-Aug-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 25-Jul-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 06-Aug-2025   11:00:00
End date and time of board meeting 06-Aug-2025   12:55:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 39087490000
Other income 497230000
Total income 39584720000
2 Expenses
(a) Cost of materials consumed 17169610000
(b) Purchases of stock-in-trade 145000000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -352870000
(d) Employee benefit expense 5136730000
(e) Finance costs 822220000
(f) Depreciation, depletion and amortisation expense 2260980000
(f) Other Expenses
1 Other Expenses 10259980000 10259980000
Total other expenses 10259980000
Total expenses 35441650000
3 Total profit before exceptional items and tax 4143070000
4 Exceptional items 0
5 Total profit before tax 4143070000
6 Tax expense
7 Current tax 1340630000
8 Deferred tax -69440000
9 Total tax expenses 1271190000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations 2871880000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method -33180000
16 Total profit (loss) for period 2838700000
17 Other comprehensive income net of taxes -1014070000
18 Total Comprehensive Income for the period 1824630000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 2836830000
Total profit or loss, attributable to non-controlling interests 1870000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 1822720000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 1910000
21 Details of equity share capital
Paid-up equity share capital 956270000
Face value of equity share capital 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 5.93
Diluted earnings (loss) per share from continuing operations 5.93
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 5.93
Diluted earnings (loss) per share from continuing and discontinued operations 5.93
24 Debt equity ratio 0.0067
25 Debt service coverage ratio 0.0173
26 Interest service coverage ratio 0.0828
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on August 06, 2025. n2. On January 13, 2023, the Company declared a Voluntary Retirement Scheme (VRS) for its employees at Mundhwa Plant, which is extended up to August 31, 2025. n3. The Company had entered into a share purchase agreement (“SPA”) for the acquisition of 100% shareholding in AAM India Manufacturing Corporation Private Limited (“AAMIMCPL”), a leading nmanufacturer of axles for light, medium and heavy commercial vehicles in India. The said transactions has been completed on July 01, 2025. n4. During the quarter ended June 30, 2025 the board of directors of the Company have approved, transfer of identified assets and liabilities of the Defence Business of the Company to Kalyani Strategic nSystems Limited (‘KSSL’), a wholly owned subsidiary of the Company, as a part of internal restructuring exercise. The Board has further authorised the ‘Investment Committee – Defence Strategic nBusiness’ to finalise the modalities related to this transaction and the said committee has completed the formalities of transfer on August 06, 2025. This transaction does not have an impact on nconsolidated financial results of the Group. n5. The figures pertaining to quarter ended March 31, 2025 are the derived figures between the audited amounts for the year ended March 31, 2025 and unaudited amounts published for the nine months nended December 31, 2024. n6. During the year ended March, 31, 2025; the Company issued 12,500,000 equity shares of face value of Rs 2 each through Qualified Institutional Placement ('QIP') at an issue price of Rs 1,320/- per share n(including a securities premium of Rs 1,318/- per share), aggregating Rs 16,500.00 million. The unspent amount of nRs 5,500.39 million was placed in monitoring account of the Company and is subsequently nutilised entirely for acquisition of AAM India Manufacturing Corporation Private Limited (“AAMIMCPL”). The equity shares issued as a result of QIP have been considered in calculating earnings per nshare (EPS) for the quarter and year ended March 31, 2025 and for the quarter ended June 30, 2025.



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Forgings 35579670000 35579670000
2 Defence 2644070000 2644070000
3 Others 2790420000 2790420000
4 Inter-Segment 0 0
Total Segment Revenue 41014160000
Less: Inter segment revenue 1926670000 1926670000
Revenue from operations 39087490000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Forgings 4567700000 4567700000
2 Defence 38680000 38680000
3 Others 371370000 371370000
4 Inter-Segment 0 0
Total Profit before tax 4977750000
i. Finance cost 822220000 822220000
ii. Other Unallocable Expenditure net off Unallocable income 45640000 45640000
Profit before tax 4109890000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Forgings 137559160000 137559160000
2 Defence 15364060000 15364060000
3 Others 14061360000 14061360000
4 Inter-Segment -4435050000 -4435050000
Total Segment Asset 162549530000 162549530000
Un-allocable Assets 42621770000 42621770000
Net Segment Asset 205171300000 205171300000
4 Segment Liabilities
Segment Liabilities
1 Forgings 28844610000 28844610000
2 Defence 10745510000 10745510000
3 Others 3406530000 3406530000
4 Inter-Segment -4435050000 -4435050000
Total Segment Liabilities 38561600000 38561600000
Un-allocable Liabilities 3718430000 3718430000
Net Segment Liabilities 42280030000 42280030000
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement Loss on defined benefit plan -14020000 -14020000
2 Net gain on FVTOCI equity securities -1810000 -1810000
Total Amount of items that will not be reclassified to profit and loss -15830000
2 Income tax relating to items that will not be reclassified to profit or loss -3790000
3 Amount of items that will be reclassified to profit and loss
1 Net movement on cash flow hedges -1641910000 -1641910000
2 Foreign Currency Translation Reserves 226100000 226100000
Total Amount of items that will be reclassified to profit and loss -1415810000
4 Income tax relating to items that will be reclassified to profit or loss -413780000
5 Total Other comprehensive income -1014070000