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Bharat Forge Q4 Profit Drops 17% to Rs 233.4 Crore, Revenue Up 18%

Bharat Forge reported a 17.4% year-on-year decline in consolidated net profit to Rs 233.44 crore for Q4 FY26. Revenue from operations rose 17.53% to Rs 4,528.04 crore, driven by growth across key segments. EBITDA increased 14.21% to Rs 778 crore, with margin improving marginally to 17.81%. The company secured new orders worth Rs 4,814 crore during FY26, including defense contracts worth Rs 2,816 crore.

Key Points: Bharat Forge Q4 Profit Falls 17%, Revenue Rises 18%

  • Q4 profit down 17% to Rs 233.44 crore
  • Revenue up 17.53% to Rs 4,528.04 crore
  • EBITDA rises 14.21% to Rs 778 crore
  • Board recommends Rs 6.50 final dividend per share
2 min read

Bharat Forge⁠ clocks 17 pc drop in Q4 profit to Rs 233.4 crore

Bharat Forge reports 17% drop in Q4 profit to Rs 233.4 crore, but revenue rises 17.5% to Rs 4,528 crore. EBITDA margin improves slightly to 17.81%.

"We have initiated the restructuring of the steel business of CDP Bharat Forge and we expect this process to conclude by end of CY27. - Baba Kalyani"

Mumbai, May 7

Baba Kalyani-run Bharat Forge⁠ on Thursday reported a 17.4 per cent year-on-year decline in its consolidated net profit for the fourth quarter of financial year 2025-26.

The forged and machined components manufacturer posted a consolidated profit after tax (PAT) of Rs 233.44 crore for the January-March quarter, compared to Rs 282.62 crore in the corresponding quarter of the previous financial year (Q4 FY25), according to its stock exchange filing.

Revenue from operations rose 17.53 per cent to Rs 4,528.04 crore in Q4 FY26, against Rs 3,852.6 crore reported in the year-ago period, driven by growth across key business segments.

At the operational level, earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 14.21 per cent to Rs 778 crore during the quarter under review, compared to Rs 681 crore in Q4 FY25.

EBITDA margin improved marginally to 17.81 per cent from 17.68 per cent a year earlier, as per its regulatory filing.

The company's board has recommended a final dividend of Rs 6.50 per equity share with a face value of Rs 2 each for FY26, subject to shareholders' approval at the upcoming annual general meeting. If approved, the dividend will be paid on or after August 14, 2026.

Commenting on the performance, Chairman and Managing Director Baba Kalyani said the company secured new orders worth Rs 4,814 crore during FY26, including defence contracts worth Rs 2,816 crore.

"We have initiated the restructuring of the steel business of CDP Bharat Forge and we expect this process to conclude by end of CY27," Kalyani stated.

"The management is pursuing various alternative business opportunities in Europe to leverage its scaled down manufacturing footprint," he added.

Following the earnings announcement, shares of Bharat Forge rose 4.33 per cent to Rs 1,954 apiece on the National Stock Exchange (NSE) at around 2:42 pm.

- IANS

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Priya S
Dividend of Rs 6.50 per share is decent, but profit decline during a time when many engineering companies are doing well is worrying. Hope the European restructuring and steel business changes bring results by CY27 as planned.
S
Sarah B
Interesting to see defence contracts making up more than half of new orders at 58%. India's 'Make in India' push is clearly benefiting companies like Bharat Forge. The margin improvement even if small shows operational efficiency is holding up.
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Nisha Z
17% profit drop is not what retail investors want to see in Q4. Revenue up but costs eating into margins? Need more clarity. Also steel business restructuring taking till 2027 – that's a long time. 😕
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Robert G
The increased revenue in key segments is promising. EBITDA margin at 17.81% is solid for an industrial company. With defence orders and European restructuring, Bharat Forge seems well-positioned for next few years.

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