5004932022-07-012022-09-305004932022-09-305004932022-03-315004932022-04-012022-09-305004932022-07-012022-09-30in-bse-fin:OtherExpenses1Member5004932022-04-012022-09-30in-bse-fin:OtherExpenses1Member5004932022-07-012022-09-30in-bse-fin:ReportableSegments1Member5004932022-07-012022-09-30in-bse-fin:ReportableSegments2Member5004932022-04-012022-09-30in-bse-fin:ReportableSegments1Member5004932022-04-012022-09-30in-bse-fin:ReportableSegments2Member5004932022-07-012022-09-30in-bse-fin:ReportableSegments1Member5004932022-07-012022-09-30in-bse-fin:ReportableSegments2Member5004932022-04-012022-09-30in-bse-fin:ReportableSegments1Member5004932022-04-012022-09-30in-bse-fin:ReportableSegments2Member5004932022-07-012022-09-30in-bse-fin:ReportableSegments1Member5004932022-09-30in-bse-fin:ReportableSegments1Member5004932022-07-012022-09-30in-bse-fin:ReportableSegments2Member5004932022-09-30in-bse-fin:ReportableSegments2Member5004932022-07-012022-09-30in-bse-fin:ReportableSegments1Member5004932022-09-30in-bse-fin:ReportableSegments1Member5004932022-07-012022-09-30in-bse-fin:ReportableSegments2Member5004932022-09-30in-bse-fin:ReportableSegments2Member5004932022-07-012022-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15004932022-07-012022-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss25004932022-04-012022-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15004932022-04-012022-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss25004932022-07-012022-09-30ItemsThatWillBeReclassifiedToProfitAndLoss15004932022-04-012022-09-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRxbrli:pureiso4217:INRxbrli:shares500493BHARATFORGNAINE465A01025BHARAT FORGE LIMITEDEquity2022-04-012023-03-312022-11-142022-10-21INRMillionsHalf yearlyMulti segment2022-11-1411:00:002022-11-1412:40:00trueCash Flow IndirectNot applicable2022-07-012022-09-30UnauditedConsolidated307638500004588700003122272000014459630000241740000-1089830000400645000052565000018810800008826010000288507300002371990000-216600002350330000985950000-5372000093223000001418100000000-25400001415560000-21119000012043700001459150000-435900001247940000-4357000093127000023.133.13003.133.130.00940.01790.08261.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 November 14, 2022. <BR> 2.Exceptional items in the standalone and consolidated financial results for the quarter and half year ended September 30, 2022 are towards expenses in relation to Voluntary Retirement Scheme (VRS) declared by the Company for its employees in April 2022 and July 2022 and employee separation costs for certain overseas <BR> subsidiaries. <BR> 3.The code on Social Security, 2020 ('Code') relating to employees benefits during employment and post employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified and the final rules/interpretation have not yet been issued. The Group will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective. <BR> 4.onsolidated financial results include a period of 15 months pertaining to certain foreign components for the year ended March 31, 2022. The statutory financial reporting period of the Holding Company for standalone and consolidated financial results is April 01 to March 31. For certain foreign components (refer note 12), the reporting period till December 31, 2021 was January 01 to December 31 ("non-coterminous period"). The Board of Directors of the Holding Company considered the above and in the previous year decided to align the accounting periods for consolidation purposes of all the subsidiaries, associates and joint ventures for better presentation of operating performance of the Group. As a result, the accounting year of those foreign components was aligned with that of the Holding Company in the previous year. <BR> 4.The Company has decided to house all its defence business initiatives under Kalyani Strategic Systems Limited (‘KSSL’), a wholly-owned subsidiary of the Company, for a better strategic alignment. Accordingly, the Company has thus approved the transfer of the Company’s stake in Analogic controls India Limited (‘ACIL’) to KSSL in consideration of the subscription of equity shares of the KSSL. This transaction has been concluded on October 14,2022. There is no impact of this transaction on the consolidated financial statements of the Company.2022-04-012022-09-30UnauditedConsolidated592784900007846600006006315000027897890000657680000-24698500007719920000921030000368861000016874900000552901800004772970000-5215000047208200001903360000-229000000167436000003046460000000-272000003019260000-66526000023540000003103660000-844000002438390000-8439000093127000026.666.66006.666.660.00940.02190.0946Other Expenses8826010000Other Expenses168749000004767533000010453970000289000029671100004315270000008926800006705690000113250000583200002794970000967223000012547900005237430000824717000003088136000012568810000248646300005161760000304110000360380000207558000045335270000052598400008147647000000163948170000931270000646547100006558598000047636000066062340000189756200000299007000021965690000168362000027531100002533760000289361800004297341000019303820000169864000063975870000338903000087767000070708000006894965000000978858300001639481700001.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 November 14, 2022. <BR> 2.Exceptional items in the standalone and consolidated financial results for the quarter and half year ended September 30, 2022 are towards expenses in relation to Voluntary Retirement Scheme (VRS) declared by the Company for its employees in April 2022 and July 2022 and employee separation costs for certain overseas <BR> subsidiaries. <BR> 3.The code on Social Security, 2020 ('Code') relating to employees benefits during employment and post employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified and the final rules/interpretation have not yet been issued. The Group will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective. <BR> 4.onsolidated financial results include a period of 15 months pertaining to certain foreign components for the year ended March 31, 2022. The statutory financial reporting period of the Holding Company for standalone and consolidated financial results is April 01 to March 31. For certain foreign components (refer note 12), the reporting period till December 31, 2021 was January 01 to December 31 ("non-coterminous period"). The Board of Directors of the Holding Company considered the above and in the previous year decided to align the accounting periods for consolidation purposes of all the subsidiaries, associates and joint ventures for better presentation of operating performance of the Group. As a result, the accounting year of those foreign components was aligned with that of the Holding Company in the previous year. <BR> 4.The Company has decided to house all its defence business initiatives under Kalyani Strategic Systems Limited (‘KSSL’), a wholly-owned subsidiary of the Company, for a better strategic alignment. Accordingly, the Company has thus approved the transfer of the Company’s stake in Analogic controls India Limited (‘ACIL’) to KSSL in consideration of the subscription of equity shares of the KSSL. This transaction has been concluded on October 14,2022. There is no impact of this transaction on the consolidated financial statements of the Company.Forgings28347490000Others2467610000Forgings56305170000Others3026380000308151000005933155000051250000530600003076385000059278490000Forgings3101110000Others101150000Forgings6308190000Others-128400003202260000629535000052565000092103000032882000068070000023477900004693620000Forgings119940350000Others1252530000013246565000031482520000163948170000Forgings23522920000Others235306000025875980000689716000032773140000# Adjustment and eliminations include elimination on revenue, assets and liabilities of joint ventures and associates which have been accounted under equity method. <BR> * Total liabilities exclude Borrowings, Lease liabilities, Derivative liabilities and Interest accrued but not due on borrowings and the same are considered as a part of Net capital employed.921030000-3242200000-18676100000-19372200000010390000019876400000-398770000036886100000-3205200000-197040000085762000029700008896000004705400000-8133300000154800000-91731000038035100000001887440000019160700000335731000055940000000495863300000000599000004817920000000000000000014708000056690000002970000670400000-85470000-18675100000000000037682140000345562400000241110000256662000079704000000-478870000-4303100007830000-42248000055842400005161760000Re-measurement gains on defined benefit plans306920000Net gain on FVTOCI equity securities43800000350720000Re-measurement gains on defined benefit plans255650000Net gain on FVTOCI equity securities-696700001859800009240000062700000Net movement on cash flow hedges-529140000-529140000Net movement on cash flow hedges-1021550000-1021550000-59630000-233010000