Bharat Forge Reports 17.5% YoY Decline in Q4 Profit to ₹232.57 Crore, Recommends Final Dividend of ₹6.50 for FY26

Bharat Forge Reports 17.5% Decline in Q4FY26 Profit

Bharat Forge, a leading company in the forging, automotive, energy, construction, aerospace, and defence sectors, reported a decline in its consolidated profit for the March quarter (Q4FY26) on Thursday, May 7. According to the company's exchange filing, the profit for Q4FY26 stood at ₹232.57 crore, a 17.5% year-on-year (YoY) decline from ₹282 crore in the corresponding quarter of the previous financial year.

The company's revenue from operations for Q4FY26 rose by 17.53% to ₹4,528 crore from ₹3,852.60 crore in the same quarter of the previous year. However, total expenses during the quarter under review increased by 17.41% YoY to ₹4,089.33 crore from ₹3,483 crore in Q4FY25.

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Bharat Forge's Q4 EBITDA climbed 14.3% to ₹778 crore in Q4FY26 from ₹681 crore in the same quarter last year. However, the margin eased to 17.2% from 17.7% YoY. For the full year FY26, the company's profit rose by 14.72% to ₹1,079.66 crore from ₹941.15 crore in FY25, while revenue from operations climbed by 11.17% to ₹16,811.65 crore from ₹15,122.80 crore in FY25.

The company secured new orders worth ₹4,814 crore in FY26, including ₹2,816 crore in defence. The order book for defence stood at ₹10,961 crores as of FY26. Bharat Forge's Chairman and Managing Director, B.N. Kalyani, expressed optimism about the company's performance in FY27, stating that barring any geopolitical crisis and its impact on demand, the company is expected to achieve 25% revenue growth with a commensurate increase in EBITDA and profitability for the Indian manufacturing operations driven by execution of orders across business and recovery in the export market.

Bharat Forge's share price jumped 8% to its record high of ₹2,025 on the BSE in intraday trade on Thursday after the Q4 results.