Bharat Forge Q4 Net Profit Falls 17.5%; Revenue Rises 17.5%

Bharat Forge Limited reported a consolidated net profit of Rs 2,325.65 million for Q4 FY26, down 17.53% year-on-year, while revenue from operations increased 17.53% YoY to Rs 45,280.43 million.

For FY26, the company posted consolidated revenue of Rs 16,812 crore, up 11.2% year-on-year, while consolidated EBITDA rose 5.9% YoY to Rs 2,921 crore.

On a standalone basis, Q4 FY26 revenue rose 8.5% quarter-on-quarter to Rs 2,260 crore. EBITDA increased 7.2% sequentially to Rs 610 crore, with EBITDA margin at 27%. Profit before tax, before exceptional items, stood at Rs 486 crore, up 9.7% QoQ.

For FY26, standalone revenue stood at Rs 8,396 crore, while EBITDA was Rs 2,312 crore. The company’s standalone net debt-to-equity ratio was 0.18x at the end of the fiscal year.

During FY26, Bharat Forge secured new orders worth Rs 4,814 crore, including defence orders worth Rs 2,816 crore. Its defence order book stood at Rs 10,961 crore as of March 31, 2026.

The company said export performance improved during Q4 FY26, supported by inventory restocking and recovery in North American truck production. Passenger vehicle exports also grew across North and Central America, while the aerospace business added new customers in engine, structural and landing gear components.

Chairman and Managing Director Baba Kalyani said the company expects 25% revenue growth in Indian manufacturing operations in FY27, subject to geopolitical conditions and recovery in export markets.