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	Dec '25 Dec 31, 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	161,362	151,228	156,821	129,103	104,611	63,363
Revenue Growth (YoY)	4.55%	-3.57%	21.47%	23.41%	65.10%	-21.35%
Cost of Revenue	73,821	68,152	76,457	61,624	43,979	26,342
Gross Profit	87,541	83,076	80,364	67,478	60,632	37,021
Selling, General & Admin	20,650	18,983	18,772	15,844	15,059	11,315
Other Operating Expenses	38,312	36,872	35,861	33,801	26,029	17,594
Operating Expenses	68,357	64,591	63,115	57,001	48,304	34,946
Operating Income	19,184	18,485	17,249	10,478	12,328	2,075
Interest Expense	-2,953	-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	-109.21	-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)	-488.2	-428.75	296.25	-264.22	226.36	584.41
EBT Excluding Unusual Items	16,142	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	866.46	-94.04	54.42	98.1	2,275	-2,103
Pretax Income	16,991	14,558	14,390	8,269	13,805	-254.54
Income Tax Expense	5,606	5,426	5,288	3,186	3,035	1,015
Earnings From Continuing Operations	11,386	9,133	9,102	5,084	10,771	-1,270
Net Income to Company	11,386	9,133	9,102	5,084	10,771	-1,270
Minority Interest in Earnings	-94.81	278.78	409.69	199.77	46.95	5.85
Net Income	11,291	9,412	9,511	5,284	10,818	-1,264
Net Income to Common	11,291	9,412	9,511	5,284	10,818	-1,264
Net Income Growth	26.14%	-1.05%	80.01%	-51.16%	-	-
Shares Outstanding (Basic)	478	469	466	466	466	466
Shares Outstanding (Diluted)	478	469	466	466	466	466
Shares Change (YoY)	2.55%	0.83%	-	-	-	-
EPS (Basic)	23.62	20.05	20.43	11.35	23.23	-2.71
EPS (Diluted)	23.62	20.05	20.43	11.35	23.23	-2.71
EPS Growth	23.01%	-1.86%	80.01%	-51.15%	-	-
Free Cash Flow	-	3,459	1,404	2,983	-5,625	1,058
Free Cash Flow Per Share	-	7.37	3.02	6.41	-12.08	2.27
Dividend Per Share	8.000	8.500	9.000	7.000	7.000	2.000
Dividend Growth	23.08%	-5.56%	28.57%	-	250.00%	-42.86%
Gross Margin	54.25%	54.93%	51.25%	52.27%	57.96%	58.43%
Operating Margin	11.89%	12.22%	11.00%	8.12%	11.78%	3.28%
Profit Margin	7.00%	6.22%	6.07%	4.09%	10.34%	-1.99%
Free Cash Flow Margin	-	2.29%	0.90%	2.31%	-5.38%	1.67%
EBITDA	27,324	26,457	24,997	17,287	19,005	7,706
EBITDA Margin	16.93%	17.50%	15.94%	13.39%	18.17%	12.16%
D&A For EBITDA	8,141	7,972	7,748	6,809	6,677	5,631
EBIT	19,184	18,485	17,249	10,478	12,328	2,075
EBIT Margin	11.89%	12.22%	11.00%	8.12%	11.78%	3.28%
Effective Tax Rate	32.99%	37.27%	36.75%	38.52%	21.98%	-
Revenue as Reported	163,440	153,366	159,095	130,831	106,570	65,052

Source: S&P Global Market Intelligence. Standard template. Financial Sources.