Bharat Forge Q2 Revenue Rises 20.8%; Consolidated Profit Falls 6.9%

Mumbai, November 05: Bharat Forge Limited reported a 20.8% year-on-year increase in consolidated revenue from operations to ₹4,869.97 crore for the quarter ended September 30, 2026, compared with ₹4,031.93 crore in the corresponding quarter last year. Consolidated net profit declined 6.9% to ₹278.68 crore from ₹299.28 crore.

Total consolidated income increased to ₹4,917.49 crore from ₹4,085.44 crore. Profit before tax stood at ₹417.88 crore, compared with ₹456.83 crore in Q2 FY26.

Standalone Results Show Growth in Revenue and Profit

On a standalone basis, revenue from operations increased 29.8% year-on-year to ₹2,526.36 crore from ₹1,946.86 crore. Net profit rose 19.6% to ₹370.83 crore from ₹309.94 crore.

For H1 FY27, consolidated revenue grew 19.8% to ₹9,509.91 crore, while consolidated net profit declined to ₹188.79 crore from ₹583.15 crore in H1 FY26.

Bharat Forge Approves ₹290.51 Crore Investment in KSSL

The board approved a further investment of up to ₹2,905.08 million (₹290.51 crore) in wholly owned subsidiary Kalyani Strategic Systems Limited (KSSL), at fair value and in one or more tranches.

The investment will be funded through proceeds from the company’s Qualified Institutional Placement (QIP) and will support KSSL’s capital expenditure and product and technology development. The investment is expected to be completed on or before March 31, 2027. Bharat Forge will continue to hold 100% ownership in KSSL.

KSSL operates in the defence industry and reported turnover of ₹1,224.47 crore in FY26.

Stock Market Snapshot

The Bharat Forge share price was trading at ₹1,784, down ₹28.80 or 1.59% on Thursday, November 5, 2026, at 1:31:09 PM IST, compared with the previous close of ₹1,812.80. The stock opened at ₹1,843.60.

About Bharat Forge

Bharat Forge Limited is a global manufacturing company specialising in forged and machined components for automotive, industrial and defence applications. Its business operations include forgings, defence and other engineering initiatives.

Conclusion

Bharat Forge recorded strong consolidated revenue growth in Q2 FY27, although its net profit declined amid exceptional expenses, including restructuring-related costs at its German subsidiary. The proposed additional investment in KSSL reflects the company’s continued focus on expanding its defence business and technology capabilities.

Source:

• https://www.nseindia.com/get-quote/equity/BHARATFORG/Bharat-Forge-Limited
• https://nsearchives.nseindia.com/corporate/ANILSHINDE_05112026131420_SEIntimationOutcomeofBM_sd.pdf