Bharat Forge Reports Q4 Earnings: Net Profit Declines 17% Year-on-Year
Bharat Forge Q4 results: Cons PAT falls 17% YoY to Rs 233 crore, revenue up 18%
The Economic Times
Image: The Economic Times
Bharat Forge, a major components manufacturer in India, reported a consolidated net profit of ₹233 crore for Q4FY26, down 17% from the previous year. Despite this decline, the company achieved an 18% revenue increase to ₹4,528 crore, driven by a recovery in exports and new orders, particularly in the defense sector.
- 01Consolidated net profit fell by 17% year-on-year to ₹233 crore.
- 02Revenue increased by 18% to ₹4,528 crore in Q4FY26.
- 03The company recommended a final dividend of ₹6.50 per share.
- 04New orders worth ₹4,814 crore were secured in FY26, including ₹2,816 crore in defense.
- 05The order book for defense stands at ₹10,961 crore.
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Bharat Forge reported a consolidated net profit of ₹233 crore for the March-ended quarter, reflecting a 17% decline compared to ₹283 crore in the same period last year. The company's revenue, however, grew by 18% to reach ₹4,528 crore, up from ₹3,853 crore in Q4FY25. The board has proposed a final dividend of ₹6.50 per equity share, pending approval at the upcoming Annual General Meeting (AGM) scheduled for August 14, 2026. Despite the profit drop, Bharat Forge's revenue for FY26 was ₹16,812 crore, marking an 11.2% increase year-on-year. The company faced demand challenges and regulatory volatility but managed to secure new orders totaling ₹4,814 crore in FY26, with ₹2,816 crore coming from the defense sector. The defense order book is robust at ₹10,961 crore. Standalone revenues for FY26 were lower at ₹8,396 crore, down 5.1%, while EBITDA declined by 8.4% to ₹2,312 crore. The company maintains a strong balance sheet with a net debt to equity ratio of 0.18X.
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The decline in net profit may affect investor confidence, but the revenue growth indicates potential for future stability and job security within the company.
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