BHARATFORG2024-04-012024-06-30 BHARATFORG2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member BHARATFORG2024-06-30 BHARATFORG2024-04-012024-06-30in-bse-fin:OneReportableSegmentRevenue01Member BHARATFORG2024-04-012024-06-30in-bse-fin:OneReportableSegmentRevenue02Member BHARATFORG2024-04-012024-06-30in-bse-fin:OneReportableSegmentRevenue03Member BHARATFORG2024-04-012024-06-30in-bse-fin:OneReportableSegmentRevenue04Member BHARATFORG2024-04-012024-06-30in-bse-fin:OneReportableSegmentResults01Member BHARATFORG2024-04-012024-06-30in-bse-fin:OneReportableSegmentResults02Member BHARATFORG2024-04-012024-06-30in-bse-fin:OneReportableSegmentResults03Member BHARATFORG2024-04-012024-06-30in-bse-fin:OneReportableSegmentResults04Member BHARATFORG2024-04-012024-06-30in-bse-fin:OneReportableSegmentAssets01Member BHARATFORG2024-04-012024-06-30in-bse-fin:OneReportableSegmentAssets02Member BHARATFORG2024-04-012024-06-30in-bse-fin:OneReportableSegmentAssets03Member BHARATFORG2024-04-012024-06-30in-bse-fin:OneReportableSegmentAssets04Member BHARATFORG2024-04-012024-06-30in-bse-fin:OneReportableSegmentLiabilities01Member BHARATFORG2024-06-30in-bse-fin:OneReportableSegmentLiabilities01Member BHARATFORG2024-04-012024-06-30in-bse-fin:OneReportableSegmentLiabilities02Member BHARATFORG2024-06-30in-bse-fin:OneReportableSegmentLiabilities02Member BHARATFORG2024-04-012024-06-30in-bse-fin:OneReportableSegmentLiabilities03Member BHARATFORG2024-06-30in-bse-fin:OneReportableSegmentLiabilities03Member BHARATFORG2024-04-012024-06-30in-bse-fin:OneReportableSegmentLiabilities04Member BHARATFORG2024-06-30in-bse-fin:OneReportableSegmentLiabilities04Member BHARATFORG2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member BHARATFORG2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss02Member BHARATFORG2024-04-012024-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member BHARATFORG2024-04-012024-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500493 BHARATFORG NA Bharat Forge Limited Equity 2024-04-01 2025-03-31 2024-08-08 2024-07-31 INR Millions First quarter 10:00:00 12:30:00 2024-08-08 2024-08-08 Not applicable Multi segment 2024-04-01 2024-06-30 Unaudited Consolidated 41061460000.00 516460000.00 41577920000.00 16810560000.00 848070000.00 709960000.00 4987350000.00 1237140000.00 2182680000.00 10295930000.00 37071690000.00 4506230000.00 -1517650000.00 2988580000.00 1261740000.00 -12050000.00 1249690000.00 0.00 1738890000.00 0.00 0.00 0.00 6860000.00 1745750000.00 350720000.00 2096470000.00 2028070000.00 -282320000.00 2378790000.00 -282320000.00 931270000.00 2 4.36 4.36 0.00 0.00 4.36 4.36 0.00 0.00 0.00 Tork Motors Pvt Ltd (TMPL) which is engaged in manufacturing of electric bikes, which is part of a separate cash generating unit (CGU) as defined by Ind AS 36. In light of recent developments in two-wheeler EV market and its adverse impact on TMPL operations, a provision for impairment of INR 1,517.65 million has been considered in consolidated financial statements of the Company. Consequently, the Company has recorded provision for impairment of INR 1,456.63 million for investment in KPTL in the standalone financial statements for the period ended June 30, 2024. 2. On January 13, 2023, the Company declared a Voluntary Retirement Scheme (VRS) for its employees at Mundhwa Plant, which is extended upto September 30, 2024. 3. The figures pertaining to quarter ended March 31, 2024 are the derived figures between the audited amounts for the year ended March 31, 2024 and unaudited amounts published for the nine months ended December 31, 2023. 4. During the quarter ended March 31, 2024, the Company had availed an unsecured rupee term loan (RTL) of INR 3,750 million and issued listed, rated, unsecured, redeemable, non-convertible debentures (NCDs) of INR 1,250 million on a private placement basis. Proceeds from the RTL loan and NCD has been fully utilised as at June 30, 2024. 5. Fair value adjustment (loss) for investment in Tevva Motors Limited, INR 2,794.23 million (Standalone financial results) and INR 2,936.58 million (Consolidated financial results) through other comprehensive income for quarter and year ended March 31, 2024. 6. Exceptional items include : i. Expenses in relation to Voluntary Retirement Scheme (VRS), declared by the Company for its employees in January 2023 (Standalone and Consolidated Financial results for the year ended March 31, 2024) ii. Provision of INR 133.36 million towards impairment in value of investment in BF Infrastructure Limited (Standalone Financial results for quarter and year ended March 31, 2024) iii. Provision for impairment of INR 102.25 million for the loan given to Tevva Motors Limited (Consolidated Financial results for quarter and year ended March 31, 2024) Other Expenses 10295930000.00 Defence 6417000000.00 Forgings 33779010000.00 Inter-Segment 0.00 Others 2127420000.00 42323430000.00 1261970000.00 41061460000.00 Defence 859760000.00 Forgings 5099370000.00 Inter-Segment 0.00 Others -1539990000.00 4419140000.00 1237150000.00 186550000.00 2995440000.00 Defence 14817240000.00 Forgings 124547360000.00 Inter-Segment -900780000.00 Others 13641750000.00 152105570000.00 40082290000.00 192187860000.00 Defence 7137070000.00 Forgings 27491810000.00 Inter-Segment -900780000.00 Others 2487410000.00 36215510000.00 4517280000.00 40732790000.00 Re-measurement gains on defined benefit plans 4220000.00 Net gain on FVTOCI equity securities 59240000.00 63460000.00 -1100000.00 Net movement on cash flow hedges 374300000.00 Foreign Currency Translation reserve 8280000.00 382580000.00 96420000.00