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-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	08-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	28-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	08-May-2025   12:00:00
End date and time of board meeting	08-May-2025   14:00:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	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	38526040000	151228030000
	Other income	621040000	2137640000
	Total income	39147080000	153365670000
2	Expenses
(a)	Cost of materials consumed	16352120000	64396230000
(b)	Purchases of stock-in-trade	679030000	2318220000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	203040000	-771050000
(d)	Employee benefit expense	4677710000	18698950000
(e)	Finance costs	880050000	4174930000
(f)	Depreciation, depletion and amortisation expense	2237550000	8736190000
(f)	Other Expenses
1	Other Expenses	9800860000	39646230000
	Total other expenses	9800860000	39646230000
	Total expenses	34830360000	137199700000
3	Total profit before exceptional items and tax	4316720000	16165970000
4	Exceptional items	-53000000	-1570650000
5	Total profit before tax	4263720000	14595320000
6	Tax expense
7	Current tax	1602980000	5848540000
8	Deferred tax	-188220000	-423040000
9	Total tax expenses	1414760000	5425500000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	2848960000	9169820000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	-22720000	-37070000
16	Total profit (loss) for period	2826240000	9132750000
17	Other comprehensive income net of taxes	-123800000	-555810000
18	Total Comprehensive Income for the period	2702440000	8576940000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	2819970000	9411530000
	Total profit or loss, attributable to non-controlling interests	6270000	6270000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	2696170000	8855720000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	6270000	-278780000
21	Details of equity share capital
	Paid-up equity share capital	956270000	956270000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		91577070000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	5.92	20.05
	Diluted earnings (loss) per share from continuing operations	5.92	20.05
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	5.92	20.05
	Diluted earnings (loss) per share from continuing and discontinued operations	5.92	20.05
24	Debt equity ratio	0	0.0068
25	Debt service coverage ratio	0	0.0102
26	Interest service coverage ratio	0	0.0618
27	Disclosure of notes on financial results

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

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	58473770000
	Capital work-in-progress	17253490000
	Investment property	281630000
	Goodwill	2627830000
	Other intangible assets	4885930000
	Intangible assets under development	63700000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	905080000
	Non-current financial assets
	Non-current investments	6192360000
	Trade receivables, non-current	135480000
	Loans, non-current	58540000
	Other non-current financial assets	1905240000
	Total non-current financial assets	8291620000
	Deferred tax assets (net)	2309800000
	Other non-current assets	3466920000
	Total non-current assets	98559770000
2	Current assets
	Inventories	35784360000
	Current financial asset
	Current investments	13529590000
	Trade receivables, current	28996060000
	Cash and cash equivalents	6210350000
	Bank balance other than cash and cash equivalents	6703410000
	Loans, current	166140000
	Other current financial assets	1636950000
	Total current financial assets	57242500000
	Current tax assets (net)	0
	Other current assets	9296580000
	Total current assets	102323440000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	200883210000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	956270000
	Other equity	91249540000
	Total equity attributable to owners of parent	92205810000
	Non controlling interest
	Total equity	92205810000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	13193660000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities	3886810000
	Total non-current financial liabilities	17080470000
	Provisions, non-current	2192250000
	Deferred tax liabilities (net)	1198280000
	Deferred government grants, Non-current
	Other non-current liabilities	1176320000
	Total non-current liabilities	21647320000
	Current liabilities
	Current financial liabilities
	Borrowings, current	49690210000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	770130000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	22671990000
	Total Trade payable	23442120000
	Other current financial liabilities	2266340000
	Total current financial liabilities	75398670000
	Other current liabilities	9289480000
	Provisions, current	1945860000
	Current tax liabilities (Net)	396070000
	Deferred government grants, Current
	Total current liabilities	87030080000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	108677400000
	Total equity and liabilites	200883210000
	Disclosure of notes on assets and liabilities

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-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Forgings	34362340000	129612330000
2	Defence	2843470000	17719860000
3	Others	2851210000	9519960000
	Total Segment Revenue	40057020000	156852150000
	Less: Inter segment revenue	1530980000	1530980000
	Revenue from operations	38526040000	151228030000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Forgings	4742770000	18561180000
2	Defence	87640000	1864230000
3	Others	215370000	393070000
	Total Profit before tax	5045780000	20818480000
	i. Finance cost	880050000	880050000
	ii. Other Unallocable Expenditure net off Unallocable income	-75270000	-75270000
	Profit before tax	4241000000	14558250000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Forgings	128866890000	128866890000
2	Defence	17218400000	17218400000
3	Others	12588420000	12588420000
	Total Segment Asset	158673710000	158673710000
	Un-allocable Assets	42209500000	42209500000
	Net Segment Asset	200883210000	200883210000
4	Segment Liabilities
	Segment Liabilities
1	Forgings	25348870000	25348870000
2	Defence	9250240000	9250240000
3	Others	2949790000	2949790000
	Total Segment Liabilities	37548900000	37548900000
	Un-allocable Liabilities	3941330000	3941330000
	Net Segment Liabilities	41490230000	41490230000
	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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
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	-134180000	-185980000
2	Net gain on FVTOCI equity securities	-190570000	-51090000
	Total Amount of items that will not be reclassified to profit and loss	-324750000	-237070000
2	Income tax relating to items that will not be reclassified to profit or loss	-59810000	-41240000
3	Amount of items that will be reclassified to profit and loss
1	Net movement on cash flow hedges	154470000	-627760000
	Total Amount of items that will be reclassified to profit and loss	154470000	-627760000
4	Income tax relating to items that will be reclassified to profit or loss	13330000	-267780000
5	Total Other comprehensive income	-123800000	-555810000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			14595320000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			4174930000
	Adjustments for decrease (increase) in inventories			-3837660000
	Adjustments for decrease (increase) in trade receivables, current			2510110000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-2279990000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			57400000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			910480000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-1584880000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			8736190000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			614190000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			153000000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-363500000
	Adjustments for dividend income			8340000
	Adjustments for interest income			691490000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-542910000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			1570650000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			9418180000
	Net cash flows from (used in) operations			24013500000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			6050070000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			17963430000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			303490000
	Other cash receipts from sales of equity or debt instruments of other entities			136896770000
	Other cash payments to acquire equity or debt instruments of other entities			142382360000
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			0
	Purchase of property, plant and equipment			14504590000
	Proceeds from sales of investment property			65400000
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			42470000
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			8340000
	Interest received			534130000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-19643330000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			16500000000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			88513790000
	Repayments of borrowings			100942280000
	Payments of lease liabilities			515710000
	Dividends paid			4220930000
	Interest paid			4729160000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-302670000
	Net cash flows from (used in) financing activities			-5696960000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-7376860000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			434110000
	Net increase (decrease) in cash and cash equivalents			-6942750000
	Cash and cash equivalents cash flow statement at beginning of period			13153100000
	Cash and cash equivalents cash flow statement at end of period			6210350000