5004932026-01-012026-03-315004932026-03-315004932025-03-315004932025-04-012026-03-315004932026-01-012026-03-31in-capmkt:OtherExpenses1Member5004932025-04-012026-03-31in-capmkt:OtherExpenses1Member5004932026-03-31OtherNoncurrentFinancialAssetsDomain15004932026-03-31OtherNoncurrentAssetsDomain15004932026-03-31OtherCurrentFinancialAssetsDomain15004932026-03-31OtherCurrentAssetsDomain15004932026-03-31OtherNoncurrentFinancialLiabilitiesDomain15004932026-03-31OtherNoncurrentLiabilitiesDomain15004932026-03-31OtherCurrentFinancialLiabilitiesDomain15004932026-03-31OtherCurrentLiabilitiesDomain15004932026-01-012026-03-31in-capmkt:ReportableSegments1Member5004932026-01-012026-03-31in-capmkt:ReportableSegments2Member5004932026-01-012026-03-31in-capmkt:ReportableSegments3Member5004932025-04-012026-03-31in-capmkt:ReportableSegments1Member5004932025-04-012026-03-31in-capmkt:ReportableSegments2Member5004932025-04-012026-03-31in-capmkt:ReportableSegments3Member5004932026-01-012026-03-31in-capmkt:ReportableSegments1Member5004932026-01-012026-03-31in-capmkt:ReportableSegments2Member5004932026-01-012026-03-31in-capmkt:ReportableSegments3Member5004932025-04-012026-03-31in-capmkt:ReportableSegments1Member5004932025-04-012026-03-31in-capmkt:ReportableSegments2Member5004932025-04-012026-03-31in-capmkt:ReportableSegments3Member5004932026-01-012026-03-31in-capmkt:ReportableSegments1Member5004932026-03-31in-capmkt:ReportableSegments1Member5004932026-01-012026-03-31in-capmkt:ReportableSegments2Member5004932026-03-31in-capmkt:ReportableSegments2Member5004932026-01-012026-03-31in-capmkt:ReportableSegments3Member5004932026-03-31in-capmkt:ReportableSegments3Member5004932026-01-012026-03-31in-capmkt:ReportableSegments1Member5004932026-03-31in-capmkt:ReportableSegments1Member5004932026-01-012026-03-31in-capmkt:ReportableSegments2Member5004932026-03-31in-capmkt:ReportableSegments2Member5004932026-01-012026-03-31in-capmkt:ReportableSegments3Member5004932026-03-31in-capmkt:ReportableSegments3Member5004932026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15004932026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25004932025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15004932025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25004932026-01-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15004932025-04-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15004932026-01-012026-03-31AuditorDomain1iso4217:INRxbrli:pureiso4217:INRxbrli:shares500493BHARATFORGNOTLISTEDINE465A01025BHARAT FORGE LIMITEDMain BoardEquity2025-04-012026-03-312026-05-072026-04-30INRMillionsQuarterlyFourth quarterMulti segment2026-05-0711:00:002026-05-0712:45:00trueCash Flow IndirectDeclaration of unmodified opinion2026-01-012026-03-31AuditedConsolidated452804300005296800004581011000022718080000230190000-14307400005346150000844010000255094000010634630000408932600004916850000-98728000039295700001366000000220870000158687000002342700000000-82200002334480000-180614000052834000023256500008830000519510000883000095627000024.864.86004.864.860.00720.00170.0021. 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 07, 2026. <BR> 2. Kalyani Powertrain Limited (KPTL), a wholly owned subsidiary of the Company, is engaged in the electric mobility business. Considering the electric vehicles adoption globally has changed significantly resulting in weak business scenario and its adverse impact on KPTL, a total provision for impairment of investment in KPTL of RS 4,996.50 million has been recorded in the standalone financial results for the year ended March 31, 2026, out of which Rs 492.50 million was recorded in the quarter ended September 30, 2025 and remaining Rs 4,504.00 million is recorded in the quarter ended March 31, 2026. This has no impact on consolidated financial results of the Group. <BR> 3. With similar business scenario in consideration, the group has recorded provision for impairment related to investment, Property plant and equipments and inventory (related to electric mobility business which is part of a separate cash generating unit (CGU) as defined by Ind AS 36) of Rs 404.99 million in the consolidated financial results for the quarter and year ended March 31, 2026. <BR> 4. One of the German subsidiary companies, Bharat Forge CDP GmbH (BF CDP) is facing market challenges and associated cost disadvantages. In light of this, the Board of Directors of the Company in the meeting held on April 9, 2026 have evaluated a proposal of phased restructuring of BF CDP. In relation to this, the Company has recorded incidental expenses of RS 425.64 million in the standalone and consolidated financial results for the quarter and year ended March 31, 2026. <BR> 5. BF CDP, as a cost optimisation initiative, has recorded provision for cost of redundancy of RS 156.65 million in respect of identified employees during the quarter and year ended March 31, 2026. <BR> 6. On November 21, 2025, the Government of India notified the provisions of four Labour Codes ("Labour Codes") - Code on Wages 2019, the Industrial Relations Code 2020, the Code on Social Security 2020, and the Occupational Safety, Health and Working Conditions Code 2020 thereby consolidating twenty-nine existing labour laws into a comprehensive and unified framework. The Group has evaluated the impact of these changes and certain plan amendments using the best information available and guidance provided by the Institute of Chartered Accountants of India and accordingly accounted for the increase in gratuity liability attributable to past service costs and increase in leave liability, aggregating to Rs 487.26 million in the standalone financial results and Rs 557.15 million in the consolidated financial results of the Group as an exceptional item for the year ended March 31, 2026 . The Group continues to monitor the developments pertaining to the Labour Codes and will evaluate the impact, if any, on the measurement of the employee benefits liability. <BR> 7. During the quarter ended June 30, 2025, the Board of Directors of the Company had approved the transfer of identified assets and liabilities of the Defence Business of the Company to Kalyani Strategic Systems Limited (KSSL), a wholly owned subsidiary of the Company, as a part of an internal restructuring exercise. During the quarter ended September 30, 2025, the Company had completed the transfer to KSSL and recorded a net gain of Rs 413.55 million. This transaction does not have an impact on consolidated financial results of the Group. <BR> 8. The Board of Directors at its meeting held on May 07, 2026 has recommended Final dividend of Rs 6.50 per equity share of Rs 2 (325%). <BR> 9. The figures pertaining to quarter ended March 31, 2026 and March 31, 2025 are the derived figures between the audited amounts for the year ended March 31, 2026 and March 31, 2025 and unaudited amounts published for the nine months ended December 31, 2025 and December 31, 2024 respectively. <BR> 10. The Company has entered into a Share Purchase Agreement (SPA) and Shareholders’ Agreement (SHA) for the acquisition of 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. Further, the Company will have an ability to acquire additional stake of up to 20%+ 1 (majority) shareholding of FEPL subject to fulfilment of certain conditions in the definitive agreements. The completion of acquisition shall be subject to fulfilment of conditions precedent and in accordance with the terms agreed upon in the SPA which include approvals that may be required from certain government authorities.2025-04-012026-03-31AuditedConsolidated168116530000198683000017010336000077779310000788710000-267221000021034180000323346000097092400004191981000015179250000018310860000-15444300001676643000056060700001716700005777740000010988690000000-9471000010893980000-34121200007481860000107966100009737000073844900009737000095627000029484213000022.5822.580022.5822.580.00720.0050.0071Other Expenses10634630000Other Expenses419198100007257552000012513260000281630000390253000053902300004704500000614140000503165000016868000037670000304067000082786700002627340000391722000011057099000040527830000117392200003909799000084788500001420570000176320000378092000064693870000068068600001120285600002225995500009562700009461198000095568250000955682500001812355000086387900002676234000029066200002152400001332710000312169100005062263000083998000029116630000299566100005867010000864462500006871510000210347000039316000095814390000127031300000222599550000Other non-current financial assets3040670000Other non-current assets3917220000Other current financial assets3780920000Other current assets6806860000Other non-current financial liabilities8638790000Other non-current liabilities1332710000Other current financial liabilities5867010000Other current liabilities6871510000Forgings36479910000Defence4162560000Others7329500000Forgings139285820000Defence17571720000Others216981200004797197000017855566000026915400001043913000045280430000168116530000Forgings5074800000Defence202130000Others596280000Forgings19560910000Defence814970000Others15403200005873210000219162000008440100003233460000120570000466590000490863000018216150000Forgings142971230000Defence18896140000Others2484283000018671020000035889350000222599550000Forgings29394400000Defence11677800000Others5684240000467564400002504230000492606700003233460000-3878560000-70904200000156607000000-2724710000044196000000-231458000009709240000092311000006218000006357700009040000633420000000-5574500000404990000037462400002051267000000056462500000148664200000498623000013090557000012540736000000000114049600002743200000000000000000000904000027932000000-10330300000000300000000000001428334500001420499100006545600003796550000375228000000-44198500001162700002152230000226850000062103500008478850000Remeasurement gains on defined benefit plans184130000Net gain on FVTOCI equity securities-1830770000-1646640000Remeasurement gains on defined benefit plans237270000Net gain on FVTOCI equity securities-1869020000-1631750000-194000011730000Net movement on cash flow hedges-579120000-579120000Net movement on cash flow hedges-3107330000-3107330000-417680000-1338690000-1806140000-3412120000AuditedtrueB S R & Co LLPtrue2028-07-31