5004932026-07-012026-09-305004932026-09-305004932026-03-315004932026-04-012026-09-305004932026-07-012026-09-30in-capmkt:OtherExpenses1Member5004932026-04-012026-09-30in-capmkt:OtherExpenses1Member5004932026-09-30OtherNoncurrentFinancialAssetsDomain15004932026-09-30OtherNoncurrentFinancialAssetsDomain25004932026-09-30OtherNoncurrentFinancialAssetsDomain35004932026-09-30OtherNoncurrentFinancialAssetsDomain45004932026-09-30OtherNoncurrentAssetsDomain15004932026-09-30OtherCurrentFinancialAssetsDomain15004932026-09-30OtherCurrentAssetsDomain15004932026-09-30OtherNoncurrentFinancialLiabilitiesDomain15004932026-09-30OtherNoncurrentFinancialLiabilitiesDomain25004932026-09-30OtherNoncurrentFinancialLiabilitiesDomain35004932026-09-30OtherNoncurrentLiabilitiesDomain15004932026-09-30OtherCurrentFinancialLiabilitiesDomain15004932026-09-30OtherCurrentFinancialLiabilitiesDomain25004932026-09-30OtherCurrentFinancialLiabilitiesDomain35004932026-09-30OtherCurrentLiabilitiesDomain15004932026-07-012026-09-30in-capmkt:ReportableSegments1Member5004932026-07-012026-09-30in-capmkt:ReportableSegments2Member5004932026-07-012026-09-30in-capmkt:ReportableSegments3Member5004932026-04-012026-09-30in-capmkt:ReportableSegments1Member5004932026-04-012026-09-30in-capmkt:ReportableSegments2Member5004932026-04-012026-09-30in-capmkt:ReportableSegments3Member5004932026-07-012026-09-30in-capmkt:ReportableSegments1Member5004932026-07-012026-09-30in-capmkt:ReportableSegments2Member5004932026-07-012026-09-30in-capmkt:ReportableSegments3Member5004932026-04-012026-09-30in-capmkt:ReportableSegments1Member5004932026-04-012026-09-30in-capmkt:ReportableSegments2Member5004932026-04-012026-09-30in-capmkt:ReportableSegments3Member5004932026-07-012026-09-30in-capmkt:ReportableSegments1Member5004932026-09-30in-capmkt:ReportableSegments1Member5004932026-07-012026-09-30in-capmkt:ReportableSegments2Member5004932026-09-30in-capmkt:ReportableSegments2Member5004932026-07-012026-09-30in-capmkt:ReportableSegments3Member5004932026-09-30in-capmkt:ReportableSegments3Member5004932026-07-012026-09-30in-capmkt:ReportableSegments1Member5004932026-09-30in-capmkt:ReportableSegments1Member5004932026-07-012026-09-30in-capmkt:ReportableSegments2Member5004932026-09-30in-capmkt:ReportableSegments2Member5004932026-07-012026-09-30in-capmkt:ReportableSegments3Member5004932026-09-30in-capmkt:ReportableSegments3Member5004932026-07-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15004932026-07-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss25004932026-04-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15004932026-04-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss25004932026-07-012026-09-30ItemsThatWillBeReclassifiedToProfitAndLoss15004932026-04-012026-09-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRxbrli:pureiso4217:INRxbrli:shares500493BHARATFORGNOTLISTEDINE465A01025BHARAT FORGE LIMITEDMain BoardEquity2026-04-012027-03-312026-11-052026-10-27INRMillionsQuarterlySecond quarterMulti segment2026-11-0511:30:002026-11-0512:40:00trueCash Flow Indirect2026-07-012026-09-30UnauditedConsolidated486996600004752400004917490000025112830000798050000-35651100005731520000969190000269763000012945650000446897600004485140000-24568000042394600001616690000-224710000139198000002847480000000-606700002786810000339590000312640000027586500002816000030982400002816000097743000025.775.77005.775.770.00640.04570.07141. 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 05, 2026. <br /> 2. One of the German subsidiary companies, Bharat Forge CDP GmbH (BF CDP) is facing market challenges and associated cost disadvantages. The Company has initiated actions for restructuring of BF CDP. In relation to restructuring of BF CDP, the Company has recorded incidental expenses of INR 205.57 million for quarter ended September 30, 2026 and INR 441.56 million for half year ended September 30, 2026 in the standalone financial results and INR 245.68 million for quarter ended September 30, 2026 and INR 512.60 million for half year ended September 30, 2026 in the consolidated financial results. <br /> 3. In conjunction with the said restructuring, BF CDP has finalised social plan with the Works Council. The Group has recorded a restructuring provision of INR 3,304.21 million in the consolidated financial results for the quarter ended June 30, 2026 and half year ended September 30, 2026. <br /> 4. The Company has recorded an expense of inr 8.92 million related to the Voluntary Retirement Scheme (VRS) in the standalone and consolidated financial results for the quarter ended June 30, 2026 and half year ended September 30, 2026. <br /> 5. During the quarter ended September 30, 2026; the Company issued 10,582,010 equity shares of face value INR 2 each through Qualified Institutional Placement (QIP) at an issue price of INR 1,890/- per share (including a securities premium of INR 1,888/- per share), aggregating INR 20,000.00 million. The objectives of the QIP were funding capital expenditure requirements for purchase of equipment and machinery, repayment of buyers credit obtained for capital expenditure, investment in wholly-owned Subsidiary - Kalyani Strategic Systems Limited (“KSSL”) towards funding of capital expenditure, towards funding investment in product and technology development and funding onward investment in Agneyastra Energetics Limited (“AEL”) a wholly owned subsidiary of KSSL and general corporate purpose . Out of the total proceeds, INR 683.29 million was utilised during the period for purchase of equipment and machinery, general corporate purpose and expenses attributable to QlP issue. The unspent amount of INR 19,316.71 million has been placed with banks. The costs that are attributable directly to the above transaction amounting to INR 355.74 million, have been adjusted against the securities premium. The equity shares issued as a result of QIP have been considered in calculating earnings per share (EPS for the quarter and half year ended September 30, 2026).2026-04-012026-09-30UnauditedConsolidated9509907000010476900009614676000046142740000911530000-4023070000116668200001866290000533046000025629740000875245100008622250000-382573000047965200003096220000-360920000273530000002061220000000-1732900001887930000862090000275002000018613800002655000027234700002655000097743000023.893.89003.893.890.00640.04130.0758Other expenses12945650000Other expenses256297400007400751000013426820000281630000390232000068249000044556000001731980000553309000026260000142900000917286000014875110000067292600001160826800004692608000068993500004075319000026790770000180233000037020000413872000080421380000916095000013650841000000252591090000977430000114080700000115058130000-199610000114858520000170362500000008113030000251492800003043980000315880000033990700003190821000056874630000708330000319863100003269464000050561100009462538000054873400005099890000611750000010582436000000137732570000252591090000Other non-current financial assets1474460000Right-of-use asset5100110000Income tax assets (net)357890000Deferred tax assets (net)2240400000Other non-current assets6729260000Other current financial assets4138720000Other current assets9160950000Lease liabilities3738560000Derivative instruments1021160000Other financial liabilities3353310000Other non-current liabilities3399070000Lease liabilities627480000Derivative instruments2195380000Other financial liabilities2233250000Other current liabilities5487340000Forgings38939950000Defence4727250000Others7520600000Forgings77251440000Defence9684090000Others1379923000051187800000100734760000248814000056356900004869966000095099070000Forgings4974350000Defence136980000Others541980000Forgings9324170000Defence514380000Others8115000005653310000106500500009691900001866290000505330000416053000041787900004623230000Forgings149278910000Defence25195310000Others2681973000020129395000051297140000252591090000Forgings31668150000Defence16499650000Others5788060000539558600002283270000562391300001866290000-6398250000-22040300000-284264000000-3498300000240152000006822100000533046000002950580000035519000002524200005670000262130000000-1798000000001596320000639284000000027301700000366267000000848310700007958166000001297390000001191100009824900000000000000000002614000000567000067734000000-5044620000001999548000000000585091700005335758000034355000031489800001878880000001977566000018393710000-8179000018311920000847885000026790770000Re-measurement (loss) on defined benefit plans-69680000Net (loss) on FVTOCI equity investments-114660000-184340000Re-measurement (loss) on defined benefit plans-139240000Net (loss) on FVTOCI equity investments-120450000-259690000-29940000-47370000Net movement on cash flow hedges593980000593980000Net movement on cash flow hedges1466350000146635000099990000391940000339590000862090000