Bharat Forge, led by Baba Kalyani, disclosed a 17.4% year-on-year decrease in its consolidated net profit for the fourth quarter of the financial year 2025-26. The company’s profit after tax (PAT) stood at Rs 233.44 crore in the January-March quarter, down from Rs 282.62 crore in the same period of the previous fiscal year. Revenue from operations surged by 17.53% to Rs 4,528.04 crore in Q4 FY26, driven by growth in key business segments.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 14.21% to Rs 778 crore in the quarter under review, compared to Rs 681 crore in Q4 FY25. The EBITDA margin slightly improved to 17.81% from 17.68% year-on-year, as per the regulatory filing. The company’s board proposed a final dividend of Rs 6.50 per equity share for FY26, subject to approval at the upcoming annual general meeting, with payment scheduled on or after August 14, 2026.
Baba Kalyani, the Chairman and Managing Director, highlighted that Bharat Forge secured new orders worth Rs 4,814 crore in FY26, including defense contracts valued at Rs 2,816 crore. Kalyani mentioned the ongoing restructuring of the steel business of CDP Bharat Forge, expected to be completed by the end of CY27. The management is exploring alternative business opportunities in Europe to capitalize on its reduced manufacturing footprint.
Following the financial results announcement, Bharat Forge’s shares climbed by 4.33% to Rs 1,954 each on the National Stock Exchange (NSE) around 2:42 pm.
