Bharat Gears quarterly results and financials

Bharat Gears (BHARATGEAR)₹99.62+0.68%(9 Nov 2026 close)Auto Components & Equipments

Key facts

In the Jun 2026 quarter (standalone), Bharat Gears reported sales of ₹215 Cr, up 20.0% from Jun 2025, and net profit of ₹0.16 Cr, down 90.2% year on year. For the year to Mar 2026, sales were ₹782 Cr and net profit ₹16.01 Cr.

Sales (Jun 2026): ₹215 Cr
Net profit (Jun 2026): ₹0.16 Cr
Sales (FY Mar 2026): ₹782 Cr
Net profit (FY Mar 2026): ₹16.01 Cr
EPS (Jun 2026): ₹0.11
Borrowings (Mar 2026): ₹73.03 Cr

Company filings, standalone accounts; latest reported quarter Jun 2026

Bharat Gears quarterly results

₹ crore unless stated; each column is a quarter.

Bharat Gears 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	179	142	170	166	164	142	174	179	204	189	210	215
Expenses	172	142	164	159	157	145	162	170	188	178	197	208
Operating Profit	6.90	0.78	7.29	7.52	7.74	−2.56	12.58	9.83	17.03	11.97	13.38	8.13
OPM %	3.9%	0.6%	4.3%	4.6%	4.7%	−1.8%	7.2%	5.5%	8.3%	6.3%	6.4%	3.8%
Other Income	0.73	1.98	0.47	0.28	18.09	0.27	0.65	1.77	1.89	0.51	2.13	0.40
Interest	4.37	4.32	4.34	4.38	4.32	4.29	4.04	3.65	3.58	3.36	3.38	3.24
Depreciation	5.69	5.60	5.65	5.84	5.97	6.02	5.73	5.73	5.77	5.70	5.29	5.06
Profit before tax	−2.45	−7.19	−2.25	−2.44	15.59	−12.68	3.46	2.22	9.59	3.43	6.87	0.21
Tax %	−29.2%	−23.3%	−22.4%	−25.6%	12.5%	−18.6%	50.7%	24.8%	24.4%	24.8%	25.9%	25.0%
Exceptional items	0.00	0.00	0.00	0.00	15.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	−1.74	−5.51	−1.73	−1.80	13.57	−10.30	1.70	1.64	7.21	2.56	5.08	0.16
EPS (Rs)	−1.12	−3.57	−1.12	−1.19	8.85	−6.71	1.12	1.08	4.71	1.68	3.31	0.11

Bharat Gears profit and loss

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

Bharat Gears 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	397	406	507	593	462	502	727	765	661	647	782	818
Expenses	367	379	465	536	444	467	665	721	640	622	733	770
Operating Profit	30.99	27.98	42.98	59.01	18.99	35.97	65.91	45.94	23.99	24.98	51.92	50.51
OPM %	8.0%	7.0%	8.0%	10.0%	4.0%	7.0%	9.0%	6.0%	3.6%	3.9%	7.0%	6.2%
Other Income	1.99	0.99	1.99	3.99	4.99	0.99	6.99	8.98	2.99	18.96	5.99	4.93
Interest	15.97	14.96	16.95	21.95	21.97	22.96	17.96	16.97	16.97	16.97	13.97	13.56
Depreciation	15.94	16.95	17.93	21.93	26.90	23.90	19.93	19.93	22.92	23.90	22.93	21.82
Profit before tax	1.01	−2.01	9.03	19.05	−25.07	−10.03	34.12	18.07	−13.04	4.01	22.08	20.10
Tax %	53.9%	−36.1%	32.0%	35.9%	−24.1%	−20.1%	23.9%	22.9%	−24.0%	19.0%	25.0%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	3.01	0.00	1.01	18.05	0.00	0.00
Net Profit	0.00	−0.99	6.01	12.99	−18.99	−7.99	26.01	13.01	−9.99	2.99	16.01	15.01
EPS (Rs)	0.15	−1.00	4.13	8.20	−12.18	−5.01	16.77	8.77	−6.33	2.09	10.76	9.81
Dividend payout %	0.0%	0.0%	0.0%	6.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	9.0%	—

Bharat Gears balance sheet

₹ crore, at each year end.

Bharat Gears 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	8.02	8.02	8.01	8.03	8.01	9.02	9.03	10.03	15.04	15.05	15.03	15.03
Reserves	62.96	62.92	58.92	69.95	79.85	69.97	64.90	97.95	105	94.86	97.90	116
Borrowings	100	98.13	112	134	162	152	118	107	116	113	80.08	73.03
Other Liabilities	125	98.85	112	154	170	143	192	190	172	162	172	197
Total Liabilities	295	268	291	366	420	374	384	405	408	385	364	401
Fixed Assets	129	115	103	113	144	150	134	118	132	133	128	116
CWIP	1.99	2.99	1.99	1.99	9.98	1.99	0.99	0.99	1.99	4.99	1.99	3.99
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.01	0.99	1.01	1.01
Other Assets	165	150	186	251	265	223	250	286	273	248	233	281
Inventories	64.79	56.77	61.73	76.68	93.70	77.68	89.72	89.67	99.59	81.74	92.62	101
Trade receivables	71.79	62.82	91.68	128	116	102	106	144	123	116	96.61	114
Cash & equivalents	5.99	6.01	5.99	4.99	6.99	6.99	6.01	8.99	6.99	8.99	8.99	8.01
Total Assets	295	268	291	366	420	374	384	405	408	385	364	401

Bharat Gears cash flow

₹ crore, for each year.

Bharat Gears 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	20.07	23.10	20.09	6.02	50.23	54.20	59.26	30.12	42.20	47.18	49.22	29.09
Cash from investing activity	−5.01	−7.01	−5.01	−21.04	−56.10	−29.05	−2.01	−5.01	−26.01	−13.02	2.01	−8.01
Cash from financing activity	−14.94	−15.94	−17.95	26.90	−4.98	−19.94	−56.77	−31.89	−2.99	−36.88	−50.85	−30.89
Net cash flow	0.00	0.00	−2.99	11.97	−10.98	3.99	0.00	−6.98	12.98	−3.99	0.00	−9.99
Capex	5.27	7.64	5.81	21.35	55.58	30.43	4.13	4.75	25.93	14.45	13.92	10.93
Free cash flow	15.03	16.03	15.03	−15.03	−5.01	23.06	55.11	26.06	16.03	33.10	52.12	19.06
CFO / OP %	93.0%	77.0%	66.0%	16.1%	100.0%	287.0%	166.0%	53.0%	102.1%	203.1%	189.1%	61.0%

Bharat Gears ratios

Working-capital days and returns, by year.

Bharat Gears 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	64	59	84	93	72	82	78	73	59	65	56	54
Inventory days	120	112	123	119	125	120	133	89	89	84	99	89
Days payable	178	148	175	181	155	167	229	148	118	124	135	132
Cash conversion cycle	5	21	30	29	40	32	−21	12	29	23	18	10
Working capital days	−9	3	0	31	10	11	9	27	33	20	15	18
ROCE %	6.0%	10.0%	7.0%	13.0%	18.0%	−1.0%	6.0%	24.0%	15.0%	2.0%	2.0%	18.0%

Bharat Gears: frequently asked questions

What are the latest quarterly results of Bharat Gears?

For the Jun 2026 quarter, Bharat Gears reported sales of ₹215 Cr, up 20.0% year on year and net profit of ₹0.16 Cr, down 90.2% year on year. The operating margin was 3.8%.

What is the annual revenue of Bharat Gears?

Bharat Gears' sales for the year to Mar 2026 were ₹782 Cr; over the last twelve months they were ₹818 Cr.

What is the net profit of Bharat Gears?

Net profit for the year to Mar 2026 was ₹16.01 Cr, and ₹15.01 Cr over the last twelve months. Earnings per share over the same trailing period were ₹9.81.

How much debt does Bharat Gears have?

Bharat Gears reported borrowings of ₹73.03 Cr at Mar 2026, against cash and equivalents of ₹8.01 Cr.

What is the free cash flow of Bharat Gears?

Cash from operations was ₹29.09 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹19.06 Cr.

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