Bharat Forge quarterly results and financials

Bharat Forge (BHARATFORG)₹1,725−0.79%(9 Nov 2026 close)Auto Components & Equipments

Key facts

In the Jun 2026 quarter (consolidated), Bharat Forge reported sales of ₹4,623 Cr, up 18.6% from Jun 2025, and net profit of −₹90.34 Cr, down 131.7% year on year. For the year to Mar 2026, sales were ₹16,760 Cr and net profit ₹1,092 Cr.

Sales (Jun 2026): ₹4,623 Cr
Net profit (Jun 2026): −₹90.34 Cr
Sales (FY Mar 2026): ₹16,760 Cr
Net profit (FY Mar 2026): ₹1,092 Cr
EPS (Jun 2026): ₹−1.89
Borrowings (Mar 2026): ₹7,304 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

Bharat Forge quarterly results

₹ crore unless stated; each column is a quarter.

Bharat Forge Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	3,763	3,853	4,151	4,091	3,679	3,462	3,840	3,898	4,019	4,331	4,514	4,623
Expenses	3,146	3,164	3,517	3,359	3,037	2,850	3,166	3,234	3,303	3,588	3,743	3,937
Operating Profit	620	696	642	740	645	621	677	668	723	745	775	696
OPM %	16.0%	18.0%	15.0%	18.0%	18.0%	18.0%	18.0%	17.0%	18.0%	17.0%	17.0%	15.0%
Other Income	50.96	57.99	45.03	−98.96	61.98	38.01	57.01	49.97	53.99	−12.99	−45.99	−301
Interest	124	137	116	124	110	95.69	87.77	81.75	79.81	76.83	83.84	89.70
Depreciation	212	225	208	219	214	219	225	227	242	250	256	264
Profit before tax	338	395	367	300	385	348	424	411	457	408	392	44.05
Tax %	36.1%	36.1%	38.1%	42.1%	37.0%	39.0%	33.1%	31.1%	34.0%	33.0%	40.1%	302.1%
Exceptional items	−0.99	0.00	−5.98	−87.76	0.00	0.00	−2.99	0.00	0.00	−35.89	−58.80	−209
Net Profit	216	255	228	176	244	214	284	285	300	274	234	−90.34
EPS (Rs)	4.89	5.69	5.08	4.37	5.24	4.46	5.91	5.95	6.27	5.54	4.87	−1.89

Bharat Forge profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Bharat Forge Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	6,780	6,375	8,327	10,105	8,022	6,314	10,425	12,871	15,633	15,071	16,760	17,486
Expenses	5,388	5,267	6,623	8,082	6,968	5,493	8,469	11,146	13,107	12,401	13,865	14,571
Operating Profit	1,410	1,118	1,720	2,044	1,070	830	1,979	1,733	2,558	2,685	2,911	2,939
OPM %	21.0%	18.0%	21.0%	20.0%	13.0%	13.0%	19.0%	13.0%	16.0%	18.0%	17.0%	16.8%
Other Income	148	391	45.97	199	109	−138	288	124	217	55.01	43.99	−306
Interest	116	99.74	107	127	171	108	159	298	490	416	322	330
Depreciation	455	454	469	523	550	614	733	739	851	877	974	1,012
Profit before tax	992	960	1,197	1,600	462	−25.01	1,383	828	1,441	1,457	1,668	1,301
Tax %	32.1%	26.1%	37.1%	35.0%	24.1%	399.1%	22.1%	39.1%	37.1%	37.1%	35.1%	—
Exceptional items	−4.98	92.77	−54.86	14.95	−23.91	−348	153	51.85	28.89	−9.96	−48.83	−304
Net Profit	677	713	756	1,036	350	−127	1,080	510	912	915	1,092	717
EPS (Rs)	14.60	15.15	16.41	22.21	7.53	−2.72	23.28	11.37	20.48	19.73	22.64	14.79
Dividend payout %	26.0%	25.0%	27.0%	23.0%	47.0%	−74.0%	30.0%	62.0%	44.0%	43.0%	38.0%	—

Bharat Forge balance sheet

₹ crore, at each year end.

Bharat Forge Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	46.86	46.87	46.89	92.74	92.77	92.73	92.85	92.76	92.77	92.72	95.72	95.84
Reserves	3,402	3,369	4,072	4,563	5,287	5,132	5,323	6,483	6,618	7,087	9,171	9,497
Borrowings	2,545	3,376	3,123	3,255	4,031	4,468	5,270	5,969	7,310	7,942	6,701	7,304
Other Liabilities	2,245	1,502	1,605	2,074	2,178	1,797	2,412	2,952	4,231	4,079	4,010	5,359
Total Liabilities	8,239	8,294	8,846	9,985	11,589	11,490	13,097	15,496	18,252	19,201	19,977	22,255
Fixed Assets	2,623	3,125	3,271	3,491	3,617	3,992	4,740	4,854	6,146	6,292	6,610	8,198
CWIP	871	409	453	344	831	1,144	900	1,126	701	992	1,732	1,298
Investments	498	889	1,196	1,507	1,529	1,623	2,614	2,612	2,578	1,855	2,071	1,744
Other Assets	4,248	3,871	3,927	4,643	5,613	4,732	4,843	6,904	8,827	10,060	9,564	11,015
Inventories	1,033	996	1,074	1,359	1,842	1,732	1,793	2,708	3,121	3,212	3,576	4,051
Trade receivables	852	1,401	1,340	1,934	2,147	1,492	1,407	2,158	3,085	3,165	2,897	3,905
Cash & equivalents	684	451	337	305	477	577	475	605	1,044	1,696	1,296	993
Total Assets	8,239	8,294	8,846	9,985	11,589	11,490	13,097	15,496	18,252	19,201	19,977	22,255

Bharat Forge cash flow

₹ crore, for each year.

Bharat Forge Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	1,032	1,353	1,049	965	908	1,519	1,018	504	1,291	1,660	1,792	1,484
Cash from investing activity	−467	−887	−736	−721	−1,195	−1,113	−1,509	−690	−1,664	−664	−1,961	−1,037
Cash from financing activity	−360	−448	−402	−314	368	−381	579	310	280	−203	−571	−442
Net cash flow	209	19.07	−86.30	−69.22	83.35	26.08	87.32	127	−91.34	799	−741	6.02
Capex	718	897	656	585	1,176	962	914	1,068	996	1,525	1,450	1,141
Free cash flow	325	463	406	398	−219	563	129	−458	324	163	350	373
CFO / OP %	104.0%	118.0%	118.1%	79.0%	71.0%	164.0%	134.1%	43.1%	99.0%	85.1%	89.1%	70.1%

Bharat Forge ratios

Working-capital days and returns, by year.

Bharat Forge Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	40	74	76	84	76	67	80	74	86	73	69	84
Inventory days	132	143	162	152	161	178	250	236	192	160	199	196
Days payable	145	120	128	149	119	106	168	142	133	113	131	145
Cash conversion cycle	28	98	111	88	119	140	163	169	147	121	138	136
Working capital days	39	10	−9	5	14	−16	−50	−25	−40	−47	−28	−13
ROCE %	21.0%	17.0%	13.0%	18.0%	20.0%	7.0%	3.0%	11.0%	8.0%	13.0%	12.0%	13.0%

Bharat Forge: frequently asked questions

What are the latest quarterly results of Bharat Forge?

For the Jun 2026 quarter, Bharat Forge reported sales of ₹4,623 Cr, up 18.6% year on year and net profit of −₹90.34 Cr, down 131.7% year on year. The operating margin was 15.0%.

What is the annual revenue of Bharat Forge?

Bharat Forge's sales for the year to Mar 2026 were ₹16,760 Cr; over the last twelve months they were ₹17,486 Cr.

What is the net profit of Bharat Forge?

Net profit for the year to Mar 2026 was ₹1,092 Cr, and ₹717 Cr over the last twelve months. Earnings per share over the same trailing period were ₹14.79.

How much debt does Bharat Forge have?

Bharat Forge reported borrowings of ₹7,304 Cr at Mar 2026, against cash and equivalents of ₹993 Cr.

What is the free cash flow of Bharat Forge?

Cash from operations was ₹1,484 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹373 Cr.

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