Bharat Forge Q4 Profit Falls 17% Despite Strong Revenue Growth

Mumbai: Bharat Forge, led by Chairman and Managing Director Baba Kalyani, on Thursday reported a 17.4 per cent year-on-year decline in consolidated net profit for the fourth quarter of FY26.

The company 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 same period last year, according to its stock exchange filing.

Despite the decline in profit, the company recorded strong growth in revenue. Revenue from operations increased 17.53 per cent to Rs 4,528.04 crore in Q4 FY26, up from Rs 3,852.6 crore in the corresponding quarter of FY25, driven by improved performance across major business segments.

At the operating level, EBITDA rose 14.21 per cent to Rs 778 crore during the quarter, compared to Rs 681 crore a year earlier. EBITDA margin also improved slightly to 17.81 per cent from 17.68 per cent in the year-ago period.

The company’s board has recommended a final dividend of Rs 6.50 per equity share with a face value of Rs 2 for FY26. Subject to shareholder approval at the annual general meeting, the dividend is expected to be paid on or after August 14, 2026.

Commenting on the company’s performance, Baba Kalyani said Bharat Forge secured new orders worth Rs 4,814 crore during FY26, including defence contracts valued at Rs 2,816 crore.

He also said the company has started restructuring the steel business of CDP Bharat Forge and expects the process to be completed by the end of calendar year 2027.

In addition, the management is exploring alternative business opportunities in Europe to better utilise its reduced manufacturing footprint in the region.

Following the earnings announcement, Bharat Forge shares gained 4.33 per cent to trade at Rs 1,954 on the National Stock Exchange of India during afternoon trade.

With inputs from IANS