BHARATFORG2022-01-012022-03-31in-bse-fin:OneOperatingExpenses01Member BHARATFORG2022-01-012022-03-31in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares BHARATFORG 2021-04-01 2022-03-31 2022-04-30 INR Millions Yearly true Cash Flow Indirect Single segment Forging 2022-01-01 2022-03-31 Audited Standalone 16740820000.00 661570000.00 17402390000.00 7288810000.00 0.00 -38850000.00 1282550000.00 407440000.00 1042030000.00 3896580000.00 13878560000.00 3523830000.00 -24770000.00 3499060000.00 786870000.00 92590000.00 879460000.00 0.00 2619600000.00 0.00 0.00 0.00 0.00 2619600000.00 993020000.00 3612620000.00 0.00 0.00 931270000.00 2 5.63 5.63 0.00 0.00 5.63 5.63 0.01 0.04 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 May 16, 2022. 2. The Board of Directors, at its meeting held on May 16, 2022 has recommended final Dividend of INR per Equity share of INR 2/ each 3.Exceptional items represent : i.Pursuant to the Voluntary Retirement Scheme (VRS) declared by the Company for its employees in June 2021, October 2021, December 2021 and January 2022 expenses of INR 739.56 million have been provided for the year and INR 24.77 million for the quarter ended March 31, 2022 in the standalone and consolidated financial results. Previous year figures have been regrouped/ reclassified as considered necessary pursuant to amendments in Schedule III of the Companies Act, 2013, to conform with current period presentation wherever applicable. Accordingly, comparative periods ratios have been recomputed wherever necessary. ii. During the year, Bharat Forge Group’s ( the Group) associate viz. Tevva Motors Limited (held through Tevva Motors (Jersey) Limited), collectively referred to as Tevva , a start-up engaged in modular electrification system for medium range of commercial vehicles raised additional funding to finance its operations. Post allotment of equity shares to the new investors, Tevva has ceased to be an associate of the Group. The Group’s equity investment was earlier impaired in the financial year ended March 31, 2020. With the global EV markets gaining traction and setting higher valuation benchmarks, reversal of impairment and gain on fair valuation on loss of significant influence as an associate of INR 1,057.59 million has been recorded as a part of Exceptional items for the year ended March 31, 2022 in the standalone financial results. Further INR1,499.62 million has been recorded as a part of Exceptional items for the year ended March 31, 2022 in the consolidated financial results. iii. During the year, Kalyani Powertrain Limited (KPL) (wholly owned subsidiary of the Company) has converted its investment in Zero Coupon Optionally Convertible Debentures of Tork Motors Private Limited (“TMPL”) into equity shares, amounting to INR 400 million. Pursuant to this conversion, KPL's stake in TMPL’s equity shares has increased to 60.66 percent (on fully diluted basis). Consequently, TMPL became a subsidiary of KPL w.e.f. November 22, 2021. Accordingly, gain on fair valuation of shares of TMPL of INR 270.52 million has been recorded as a part of “Exceptional items” in the consolidated financial results for the year ended March 31, 2022. The subject conversion has no impact on the standalone financial results of the Company. The Group has accounted the said acquisition as a business combination in accordance with Ind AS 103 Business Combinations. Single segment 2021-04-01 2022-03-31 Audited Standalone 62546120000.00 1675020000.00 64221140000.00 26472700000.00 0.00 -946730000.00 5057850000.00 1073010000.00 4117910000.00 14805000000.00 50579740000.00 13641400000.00 318030000.00 13959430000.00 3328220000.00 -146820000.00 3181400000.00 0.00 10778030000.00 0.00 0.00 0.00 0.00 10778030000.00 2463010000.00 13241040000.00 0.00 0.00 931270000.00 2 70166480000.00 23.15 23.15 0.00 0.00 23.15 23.15 0.01 0.04 Other expenses 3896580000.00 Other expenses 14805000000.00 1073010000.00 -2362010000.00 -9533880000.00 0.00 -449870000.00 0.00 0.00 -230490000.00 0.00 1746140000.00 0.00 329260000.00 0.00 4117910000.00 0.00 -17390000.00 0.00 37280000.00 0.00 -405940000.00 98910000.00 220400000.00 0.00 129100000.00 0.00 -1189150000.00 0.00 -683370000.00 0.00 -7758710000.00 6200720000.00 0.00 0.00 0.00 3446260000.00 0.00 2754460000.00 0.00 -3684630000.00 87847050000.00 83635430000.00 0.00 0.00 0.00 0.00 757780000.00 3783650000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 98910000.00 145600000.00 0.00 -232420000.00 0.00 4882470000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 61158760000.00 57778860000.00 276990000.00 0.00 1641680000.00 713900000.00 0.00 0.00 747330000.00 8384260000.00 3560000.00 8387820000.00 2759120000.00 11146940000.00