Bharat Forge’s standalone net profit for the quarter ended December 2026 witnessed a nearly 17% year-on-year decrease, amounting to Rs 288 crore compared to Rs 346 crore in Q3 FY25. The standalone revenue from operations experienced a slight 0.6% decline to Rs 2,083.7 crore in Q3 FY26, as per the company’s stock exchange filing. On a consolidated basis, the company’s revenue surged by 25% year-on-year to Rs 4,343 crore, up from Rs 3,476 crore in the previous year.
The net profit on a consolidated basis also saw a rise of 28.2% to Rs 273 crore from Rs 213 crore in the corresponding quarter of the last financial year. Bharat Forge mentioned that the quarterly figures included a one-time cost of Rs 55.7 crore, impacting the margins. Earnings before interest, tax, depreciation, and amortization (EBITDA) grew by 20% to Rs 750 crore from Rs 624 crore a year ago, although the EBITDA margin decreased to 17.3% from 18% in the same quarter of the previous financial year.
The Board of Directors announced an interim dividend of Rs 2 per equity share of face value Rs 2 each, representing a 100% payout on the face value. The dividend is scheduled to be paid on or before March 12, 2026, with the record date set as February 18, 2026. B. N. Kalyani, the Chairman and Managing Director of Bharat Forge, attributed the results to the impact of de-stocking in the North American commercial vehicle market, while noting the strong growth in the domestic automotive business and the successful execution of the defense order book that supported the overall performance.
Standalone revenue on a sequential basis increased by 7% quarter-on-quarter to Rs 2,084 crore. EBITDA also rose by 4.6% to Rs 569 crore, with margins at 27.3%. However, export revenue declined by 3% sequentially, with auto exports dropping by 13% despite a growth of 11% in industrial exports.
