Bharat Forge's Q2 FY 2025-26 Quarterly Results

Result Summary

• Bharat Forge Ltd reported a 3.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 8.9%.
• Its expenses for the quarter were up by 2.3% QoQ and 7.8% YoY.
• The net profit increased 5.4% QoQ and increased 23.0% YoY.
• The earnings per share (EPS) of Bharat Forge Ltd stood at 6.26 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Bharat Forge Ltd is a leading Indian multinational company known for its prowess in the forging and engineering sectors. The company specializes in manufacturing a broad range of components for automotive, power, oil & gas, construction, mining, rail, marine, and aerospace industries. Bharat Forge has established itself as a global player with a strong presence in several countries, driven by its commitment to innovation and excellence in manufacturing. The company has been at the forefront of adopting advanced technologies in its production processes, enhancing its ability to meet diverse customer needs efficiently.

Revenue

In the second quarter of the fiscal year 2026, Bharat Forge Ltd reported a total income of ₹4,085.44 crores. This represents a 3.2% increase compared to the previous quarter, Q1FY26, where the total income was ₹3,958.47 crores. When looking at the year-over-year performance, the total income for Q2FY26 shows an 8.9% increase from Q2FY25, where it was ₹3,750.16 crores. These figures indicate a steady rise in revenue, reflecting the company's ability to expand its operations and possibly increase its market share over the past year.

Profitability

The company's profitability saw a noteworthy improvement in Q2FY26. The profit before tax (PBT) for this quarter was ₹457.82 crores, representing a 10.5% increase from ₹414.26 crores in Q1FY26, and an 18.7% increase from ₹385.76 crores in Q2FY25. The profit after tax (PAT) for Q2FY26 was ₹299.28 crores, showing a 5.4% increase from the previous quarter's ₹283.87 crores, and a substantial 23.0% increase year-over-year from ₹243.30 crores in Q2FY25. The effective tax rate increased quarter-over-quarter by 23.9% and year-over-year by 11.0%. The company's earnings per share (EPS) also rose to ₹6.26 in Q2FY26, reflecting a 5.6% increase from Q1FY26's ₹5.93 and a 19.7% increase from ₹5.23 in Q2FY25.

Operating Metrics

Bharat Forge Ltd's operating metrics demonstrate efficiency in managing their expenses relative to income growth. Total expenses for Q2FY26 were ₹3,627.24 crores, a 2.3% rise from Q1FY26's ₹3,544.16 crores, and a 7.8% increase from ₹3,364.39 crores in Q2FY25. This indicates the company's ability to manage its cost structure effectively despite revenue increases. The company's strategic allocation of resources and cost management likely contributed to its improved profitability metrics, as evidenced by the rising profits and EPS. These operating figures underscore the company's operational robustness during the period under review.