Bharat Forge logo

Bharat Forge results

NSE: BHARATFORGBSE: 500493Auto ComponentsMid Cap

Last close ₹1,711.20down ₹29.80 (1.71%)BSE ₹1,709.60

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,741.00.

52-week range of traded prices to 23 Oct 2026
₹1,265.00Low, 23 Oct 2025₹2,295.00High, 10 Aug 2026
Market cap
₹83,621 Cr127th largest listed
P/E
118.4
P/E without one-offs
68.6
P/B
8.7
Dividend yield
0.50%
ROE
7.5%
ROE without one-offs
13.0%
ROCE
11.9%
Debt to equity
0.72
Volume, NSE
9,15,93349.3% delivered

Q1 results, quarter to Jun 2026

Consolidated: the company and its subsidiaries together. ₹ crore.Bharat Forge annual results and balance sheet

Revenue
₹4,640 Cr+18.7% on a year ago · +2.5% on the quarter before
Operating profit
₹709 Cr+5.4% on a year ago · −8.8% on the quarter before
Net profit
−₹90 Cr
Earnings per share
−₹1.88
Operating margin
15.3%
Net margin
−1.9%

From revenue to net profit, ₹ crore

  1. Revenue4,640
  2. Materials and goods−2,069
  3. Employee costs−594
  4. Other expenses−1,268
  5. Operating profit709
  6. Depreciation−263
  7. Other income+57
  8. One-off items−358
  9. Finance costs−90
  10. Profit before tax56
  11. Tax−134
  12. Joint ventures−11
  13. Net profit−90

Bharat Forge results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Jun 2026. Results for the quarter to Sep 2026 are due by 14 Nov 2026, 45 days after it ends.Results filings and date

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
₹ croreSep 2021Q2Filed 12 NovDec 2021Q3Filed 10 FebMar 2022Q4Filed 17 MayJun 2022Q1Filed 12 AugSep 2022Q2Filed 15 NovDec 2022Q3Filed 14 FebMar 2023Q4Filed 5 MayJun 2023Q1Filed 9 AugSep 2023Q2Filed 7 NovDec 2023Q3Filed 13 FebMar 2024Q4Filed 9 MayJun 2024Q1Filed 9 AugSep 2024Q2Filed 14 NovDec 2024Q3Filed 13 FebMar 2025Q4Filed 10 JunJun 2025Q1Filed 6 AugSep 2025Q2Filed 11 NovDec 2025Q3Filed 12 FebMar 2026Q4Filed 7 MayJun 2026Q1Filed 10 Aug
Revenue from operations2,3862,3953,5732,8513,0763,3533,6293,8773,7743,8664,1644,1063,6893,4763,8533,9094,0324,3434,5284,640
1,8761,8933,0192,4242,6442,8843,1913,2823,1533,1693,5213,3653,0412,8513,1713,2363,3063,5933,7503,930
Materials and goods bought9229501,5981,2471,3611,6021,7511,8781,7641,7801,9571,8371,5641,4701,7231,6961,7671,9742,1522,069
Employee costs319296521371401371420473463450475499467436468514521535535594
Other expenses6356479008058839121,0199319269381,0891,0301,0109459801,0261,0181,0841,0631,268
Operating profit before depreciation510502554428432469438595621698643741647624681673726750778709
Operating margin21.4%21.0%15.5%15.0%14.0%14.0%12.1%15.4%16.5%18.0%15.4%18.0%17.5%18.0%17.7%17.2%18.0%17.3%17.2%15.3%
Depreciation and amortisation174176214181188186181206211224207218213218224226241249255263
Other income3834833346375864525655526238625054425357
Finance costs23246340531099711412413711612411096888280778490
Profit before one-off items and tax351335360240237211218339338393375451386349432414458467492414
One-off items0167−13−3−20−410−20−10−15200−500−56−99−358
Profit before tax35150234723723521117733933639336529938634942641445841139356
7078105749310249128122141139125142134141127158134159134
Tax rate20.0%15.5%30.2%31.3%39.7%48.4%27.7%37.7%36.2%35.7%38.0%41.8%36.8%38.5%33.2%30.7%34.4%32.7%40.4%241.1%
Share of profit of joint ventures and associates−11−2−11−20−30031211−1−2−2−3−1−4−1−11
27042223216014279128214215254227175243213283284299273233−90
Other comprehensive income1106292−45−21−1181157433−20−21035−72−6−12−101−8828−18152
Total comprehensive income381484324115120−402432882482341721017120727018221230153−38
Net margin11.3%17.6%6.5%5.6%4.6%2.3%3.5%5.5%5.7%6.6%5.5%4.3%6.6%6.1%7.3%7.3%7.4%6.3%5.2%−1.9%
Net margin without joint ventures and associates11.8%17.7%6.8%5.7%4.6%3.2%3.5%5.4%5.7%6.5%5.4%4.2%6.6%6.2%7.4%7.3%7.5%6.4%5.2%−1.7%
Earnings per share₹5.82₹9.05₹5.06₹3.53₹3.13₹1.78₹2.91₹4.80₹4.88₹5.68₹5.07₹4.36₹5.23₹4.54₹5.92₹5.93₹6.26₹5.53₹4.86−₹1.88
Earnings per share in rupees, restated for later splits and bonuses.

Filed results, as an XML file each

16 earlier filings

Segment results by quarter

Consolidated, ₹ crore, quarters to Jun 2026.Bharat Forge segment results by year

  • Forgings

    Revenue, ₹ crore
    Profit, ₹ crore

  • Others

    Revenue, ₹ crore
    Profit, ₹ crore

  • Defence

    Revenue, ₹ crore
    Profit, ₹ crore
₹ croreSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue of all businesses3,8793,9704,2684,2323,8293,6184,0064,1014,3384,6194,7974,955
Company revenue, as in its results3,7743,8664,1644,1063,6893,4763,8533,9094,0324,3434,5284,640
Revenue3,3763,3443,4653,3783,0863,0613,4363,5583,3563,3673,6483,831
Revenue growth19.1%11.0%3.9%−3.0%−8.6%−8.5%−0.8%5.3%8.7%10.0%6.2%7.7%
Profit396408452510432440474457512480507435
Profit growth27.8%42.9%74.7%20.8%8.9%7.9%4.9%−10.4%18.6%9.0%7.0%−4.8%
Margin11.7%12.2%13.0%15.1%14.0%14.4%13.8%12.8%15.3%14.2%13.9%11.4%
Assets12,08711,82912,32312,45512,98112,63812,88713,75613,52713,44814,29714,303
Liabilities2,8132,6522,8152,7492,7472,6722,5352,8842,3772,1792,9393,324
Capital employed9,2739,1779,5089,70610,2349,96610,35210,87111,15011,26811,35810,978
Revenue503626243213234220285279588570733628
Revenue––561642509337284264395682416496
––0–––––––––
00–000–0––––
Profit is before tax and finance costs, the way companies report their segments.