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 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 10-08-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 05-08-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
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 10-08-2026   11:30:00
End date and time of board meeting 10-08-2026   13:45:00
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
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable



Financial Results Ind-AS

Amount in (Lakhs)

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 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 2,34,741.60 2,34,741.60
Other income 3,425.40 3,425.40
Total income 2,38,167.00 2,38,167.00
2 Expenses
(a) Cost of materials consumed 95,645.30 95,645.30
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (3,767.90) (3,767.90)
(d) Employee benefit expense 18,589.30 18,589.30
(e) Finance costs 4,319.20 4,319.20
(f) Depreciation, depletion and amortisation expense 11,500.20 11,500.20
(f) Other Expenses
1 Other Expenses 65,705.40 65,705.40
Total other expenses 65,705.40 65,705.40
Total expenses 1,91,991.50 1,91,991.50
3 Total profit before exceptional items and tax 46,175.50 46,175.50
4 Exceptional items (2,449.10) (2,449.10)
5 Total profit before tax 43,726.40 43,726.40
6 Tax expense
7 Current tax 12,100.00 12,100.00
8 Deferred tax (513.50) (513.50)
9 Total tax expenses 11,586.50 11,586.50
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 32,139.90 32,139.90
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 32,139.90 32,139.90
17 Other comprehensive income net of taxes 7,782.80 7,782.80
18 Total Comprehensive Income for the period 39,922.70 39,922.70
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 9,562.70 9,562.70
Face value of equity share capital 2 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 6.72 6.72
Diluted earnings (loss) per share from continuing operations 6.72 6.72
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 6.72 6.72
Diluted earnings (loss) per share from continuing and discontinued operations 6.72 6.72
24 Debt equity ratio 0.3400 0.3400
25 Debt service coverage ratio 4.6700 4.6700
26 Interest service coverage ratio 13.9300 13.9300
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. One of the German subsidiary companies, Bharat Forge CDP GmbH (BF CDP) is facing market challenges and associated cost disadvantages. The Company has initiated actions for restructuring of BF CDP. In relation to restructuring of BF CDP, the Company has recorded incidental expenses of Rs 235.99 million in the standalone and Rs 266.92 million in the consolidated financial results for the quarter ended June 30, 2026. 2. 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 10, 2026. 3. In conjunction with the said restructuring, BF CDP has reached an in principal understanding with the Works Council for implementation of a social plan. The Group has recorded a restructuring provision of Rs 3,304.21 million in the consolidated financial results for the quarter ended June 30, 2026. 4. The Company has recorded an expense of Rs 8.92 million related to the Voluntary Retirement Scheme (VRS) in the standalone and consolidated financial results for the quarter ended June 30, 2026. 5. The figures pertaining to quarter ended March 31, 2026 are the derived figures between the audited amounts for the year ended March 31, 2026 and the unaudited amounts published for the nine months ended December 31, 2025. 6. During the quarter, the Company has acquired 30% stake for an aggregate consideration of Rs. 1,296.00 million in Fortuna Engineering Private Limited (“FEPL”), which is engaged in the business of manufacturing of machined connecting rods; camshafts (including FIP camshafts) and fixtures for automotive and off-road applications. 7. Kalyani Powertrain Limited (KPTL), a wholly owned subsidiary of the Company along with the Company, has executed a Definitive Agreement dated July 22, 2026 with REFU Drive GmbH (REFU), a joint venture Company of KPTL and REFU Elektronik GmbH. In terms of the aforesaid Agreement, KPTL has agreed to sell and transfer its entire 50% equity stake, held in REFU to REFU Elektronik GmbH for a consideration of EUR 12,500.00 (subject to the terms and conditions set out in the Agreement). Upon completion of the aforesaid transaction, REFU shall cease to be a joint venture of KPTL. 8. Provision for impairment of investment in Kalyani Powertrain Limited (KPTL): Year ended March 31, 2026 Rs 4,996.50 million, quarter ended March 31, 2026 Rs 4,504.00 million (Standalone financial results). 9. A Provision for impairment related to investment, Property plant and equipments and inventory (related to electric mobility business) of Rs 404.99 million in the consolidated financial results for the quarter and year ended March 31, 2026. 10. Incidental expenses in relation to restructuring of Bharat Forge CDP GmbH (BF CDP): Rs 425.64 million (Standalone and consolidated financials for the quarter & year ended March 31, 2026). BF CDP has recorded a provision for cost of redundancy of Rs 156.65 million in the consolidated financials results for the same period.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 01-04-2026 01-04-2026
Date of end of reporting period 30-06-2026 30-06-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets 0.00 0.00
Net Segment Asset 0.00 0.00
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 0.00 0.00
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

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 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurement (loss) on defined benefit plans (643.30) (643.30)
2 Net (loss) on FVTOCI equity investments (57.90) (57.90)
Total Amount of items that will not be reclassified to profit and loss (701.20)
2 Income tax relating to items that will not be reclassified to profit or loss (170.20) (170.20)
3 Amount of items that will be reclassified to profit and loss
1 Net movement on cash flow hedges 11,110.00 11,110.00
Total Amount of items that will be reclassified to profit and loss 11,110.00
4 Income tax relating to items that will be reclassified to profit or loss 2,796.20 2,796.20
5 Total Other comprehensive income 7,782.80 7,782.80