Bharat Forge Q2FY26: Profit Falls 14% YoY, Revenue Drops 13%; Stock Price Rises 5.6%

Pune, November 11, 2025 – Bharat Forge Limited announced the financial results for the quarter ended September 30, 2025. The company reported a year-on-year decline in profitability for this quarter. Despite the weak performance, the company’s shares closed with a 5.62% gain.

Financial Performance Highlights

On a consolidated basis, Bharat Forge’s revenue from operations was recorded at ₹4,031.9 crore. This is a 9.3% year-on-year surge over the same period last year. EBITDA surged to ₹715.4 crore. This is a 3.8% yoy increase. But the company’s EBITDA margin slipped to 17% this time from the 18.7% it recorded in the same period last year. PBT was at ₹445.3 crore, which is a 10.5% increase YoY.

On a standalone basis, the company recorded a decline compared to the same period last year. Revenue was down 13% YoY at ₹1,946.9 crore. EBITDA down by 15.9% to ₹544.6 crore. PBT down 15.5% at ₹431.6 crore, while net profit (PAT) declined 14.2% to ₹309.9 crore.

Management Commentary

Chairman and Managing Director of Bharat Forge, B. N. Kalyani, said that the financial performance for the quarter was affected by a decline in the North American truck production. This caused the export market to fall 63% YoY. However, the company’s efforts to de-risk the business helped to maintain the EBITDA Margins. Defence, aerospace, and industrial businesses in the country are expected to offset the export-related headwinds by the second half of the financial year, as the defence business holds an order book of ₹9,467 crore, which remains the key growth driver.

Share Price Update

The share price of Bharat Forge opened at ₹1,333, hit a high of ₹1,411, and a low of ₹1,303. The company’s market capitalisation stands at ₹67,128 crore. In the last year, Bharat Forge shares have gained 0.39%, 16.99% in the last six months, 14.22% in the last month, and 6.38% in the last 5 days. Bharat Forge Ltd is a Kalyani group company. It is a leading global supplier in the automotive, defence, aerospace, oil & gas, and industrial sectors.

REF: https://nsearchives.nseindia.com/corporate/ANILSHINDE_11112025125109_SEIntimationBM.pdf

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