Bharat Forge Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	152,688	151,228	156,821	129,103	104,611	63,363
Revenue Growth (YoY)	-3.52%	-3.57%	21.47%	23.41%	65.10%	-21.35%
Cost of Revenue	68,777	68,152	76,457	61,624	43,979	26,342
Gross Profit	83,911	83,076	80,364	67,478	60,632	37,021
Selling, General & Admin	19,666	18,983	18,772	15,844	15,059	11,315
Other Operating Expenses	36,921	36,872	35,861	33,801	26,029	17,594
Operating Expenses	65,676	64,591	63,115	57,001	48,304	34,946
Operating Income	18,235	18,485	17,249	10,478	12,328	2,075
Interest Expense	-3,146	-3,858	-4,537	-2,909	-1,464	-958.06
Interest & Investment Income	699.83	699.83	765.31	298.38	226.1	276.49
Earnings From Equity Investments	-84.88	-37.07	53.15	-334.38	-330.2	-299.74
Currency Exchange Gain (Loss)	-191.74	-191.74	-81.46	-89.17	349.33	-16.17
Other Non Operating Income (Expenses)	-529.33	-428.75	296.25	-264.22	226.36	584.41
EBT Excluding Unusual Items	14,982	14,669	13,746	7,180	11,336	1,662
Merger & Restructuring Charges	-	-	-20.97	-457.91	-846.09	-322.04
Impairment of Goodwill	-336.42	-336.42	-	-	-86.77	-84.49
Gain (Loss) on Sale of Investments	1,415	1,415	646.46	1,433	903.83	589.87
Gain (Loss) on Sale of Assets	-14.87	-14.87	-35.67	17.03	223.46	3.36
Asset Writedown	-1,081	-1,081	-	-	-	-
Other Unusual Items	1,424	-94.04	54.42	98.1	2,275	-2,103
Pretax Income	16,389	14,558	14,390	8,269	13,805	-254.54
Income Tax Expense	5,604	5,426	5,288	3,186	3,035	1,015
Earnings From Continuing Operations	10,786	9,133	9,102	5,084	10,771	-1,270
Net Income to Company	10,786	9,133	9,102	5,084	10,771	-1,270
Minority Interest in Earnings	-9.1	278.78	409.69	199.77	46.95	5.85
Net Income	10,776	9,412	9,511	5,284	10,818	-1,264
Net Income to Common	10,776	9,412	9,511	5,284	10,818	-1,264
Net Income Growth	13.81%	-1.05%	80.01%	-51.16%	-	-
Shares Outstanding (Basic)	476	469	466	466	466	466
Shares Outstanding (Diluted)	476	469	466	466	466	466
Shares Change (YoY)	2.20%	0.83%	-	-	-	-
EPS (Basic)	22.65	20.05	20.43	11.35	23.23	-2.71
EPS (Diluted)	22.65	20.05	20.43	11.35	23.23	-2.71
EPS Growth	11.36%	-1.86%	80.01%	-51.15%	-	-
Free Cash Flow	7,247	3,459	1,404	2,983	-5,625	1,058
Free Cash Flow Per Share	15.23	7.37	3.02	6.41	-12.08	2.27
Dividend Per Share	6.000	8.500	9.000	7.000	7.000	2.000
Dividend Growth	-33.33%	-5.56%	28.57%	-	250.00%	-42.86%
Gross Margin	54.96%	54.93%	51.25%	52.27%	57.96%	58.43%
Operating Margin	11.94%	12.22%	11.00%	8.12%	11.78%	3.28%
Profit Margin	7.06%	6.22%	6.07%	4.09%	10.34%	-1.99%
Free Cash Flow Margin	4.75%	2.29%	0.90%	2.31%	-5.38%	1.67%
EBITDA	26,561	26,457	24,997	17,287	19,005	7,706
EBITDA Margin	17.39%	17.50%	15.94%	13.39%	18.17%	12.16%
D&A For EBITDA	8,326	7,972	7,748	6,809	6,677	5,631
EBIT	18,235	18,485	17,249	10,478	12,328	2,075
EBIT Margin	11.94%	12.22%	11.00%	8.12%	11.78%	3.28%
Effective Tax Rate	34.19%	37.27%	36.75%	38.52%	21.98%	-
Revenue as Reported	154,725	153,366	159,095	130,831	106,570	65,052

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.