| 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 | 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 | 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 |
| 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 | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 4,63,994.10 | 4,63,994.10 | |
| Other income | 5,724.50 | 5,724.50 | |
| Total income | 4,69,718.60 | 4,69,718.60 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 2,10,299.10 | 2,10,299.10 |
| (b) | Purchases of stock-in-trade | 1,134.80 | 1,134.80 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (4,579.60) | (4,579.60) |
| (d) | Employee benefit expense | 59,353.00 | 59,353.00 |
| (e) | Finance costs | 8,971.00 | 8,971.00 |
| (f) | Depreciation, depletion and amortisation expense | 26,328.30 | 26,328.30 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 1,26,840.90 | 1,26,840.90 |
| Total other expenses | 1,26,840.90 | 1,26,840.90 | |
| Total expenses | 4,28,347.50 | 4,28,347.50 | |
| 3 | Total profit before exceptional items and tax | 41,371.10 | 41,371.10 |
| 4 | Exceptional items | (35,800.50) | (35,800.50) |
| 5 | Total profit before tax | 5,570.60 | 5,570.60 |
| 6 | Tax expense | ||
| 7 | Current tax | 14,795.30 | 14,795.30 |
| 8 | Deferred tax | (1,362.10) | (1,362.10) |
| 9 | Total tax expenses | 13,433.20 | 13,433.20 |
| 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 | (7,862.60) | (7,862.60) |
| 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 | (1,126.20) | (1,126.20) |
| 16 | Total profit (loss) for period | (8,988.80) | (8,988.80) |
| 17 | Other comprehensive income net of taxes | 5,225.00 | 5,225.00 |
| 18 | Total Comprehensive Income for the period | (3,763.80) | (3,763.80) |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | (8,972.70) | (8,972.70) | |
| Total profit or loss, attributable to non-controlling interests | (16.10) | (16.10) | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | (3,747.70) | (3,747.70) | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | (16.10) | (16.10) | |
| 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 | -1.88 | -1.88 | |
| Diluted earnings (loss) per share from continuing operations | -1.88 | -1.88 | |
| 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 | -1.88 | -1.88 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | -1.88 | -1.88 | |
| 24 | Debt equity ratio | 0.7300 | 0.7300 |
| 25 | Debt service coverage ratio | 3.7400 | 3.7400 |
| 26 | Interest service coverage ratio | 8.1100 | 8.1100 |
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| 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. |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| 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 | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Forgings | 3,83,114.90 | 3,83,114.90 | ||||
| 2 | Defence | 49,568.40 | 49,568.40 | ||||
| 3 | Others | 62,786.30 | 62,786.30 | ||||
| Total Segment Revenue | 4,95,469.60 | 4,95,469.60 | |||||
| Less: Inter segment revenue | 31,475.50 | 31,475.50 | |||||
| Revenue from operations | 4,63,994.10 | 4,63,994.10 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Forgings | 43,498.20 | 43,498.20 | ||||
| 2 | Defence | 3,774.00 | 3,774.00 | ||||
| 3 | Others | 2,695.20 | 2,695.20 | ||||
| Total Profit before tax | 49,967.40 | 49,967.40 | |||||
| i. Finance cost | 8,971.00 | 8,971.00 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | 36,552.00 | 36,552.00 | |||||
| Profit before tax | 4,444.40 | 4,444.40 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Forgings | 14,30,265.80 | 14,30,265.80 | ||||
| 2 | Defence | 2,41,999.40 | 2,41,999.40 | ||||
| 3 | Others | 2,56,963.60 | 2,56,963.60 | ||||
| Total Segment Asset | 19,29,228.80 | 19,29,228.80 | |||||
| Un-allocable Assets | 3,50,663.00 | 3,50,663.00 | |||||
| Net Segment Asset | 22,79,891.80 | 22,79,891.80 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Forgings | 3,32,435.70 | 3,32,435.70 | ||||
| 2 | Defence | 1,33,172.60 | 1,33,172.60 | ||||
| 3 | Others | 54,149.40 | 54,149.40 | ||||
| Total Segment Liabilities | 5,19,757.70 | 5,19,757.70 | |||||
| Un-allocable Liabilities | 30,397.40 | 30,397.40 | |||||
| Net Segment Liabilities | 5,50,155.10 | 5,50,155.10 | |||||
| Disclosure of notes on segments | Textual Information(2) | ||||||
| Textual Information(2) | 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. |
|---|
| 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 | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Remeasurement gains on defined benefit plans | (695.60) | (695.60) |
| 2 | Net gain on FVTOCI equity securities | (57.90) | (57.90) |
| Total Amount of items that will not be reclassified to profit and loss | (753.50) | ||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | (174.30) | (174.30) |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Net movement on cash flow hedges | 11,605.80 | 11,605.80 |
| 2 | Foreign Currency Translation reserve | (2,882.10) | (2,882.10) |
| Total Amount of items that will be reclassified to profit and loss | 8,723.70 | ||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 2,919.50 | 2,919.50 |
| 5 | Total Other comprehensive income | 5,225.00 | 5,225.00 |