Bharat Forge Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	168,117	151,228	156,821	129,103	104,611
Revenue Growth (YoY)	11.17%	-3.57%	21.47%	23.41%	65.10%
Cost of Revenue	75,896	68,152	76,457	61,624	43,979
Gross Profit	92,221	83,076	80,364	67,478	60,632
Selling, General & Admin	21,034	18,983	18,772	15,844	15,059
Other Operating Expenses	41,920	36,872	35,861	33,801	26,029
Operating Expenses	72,663	64,591	63,115	57,001	48,304
Operating Income	19,557	18,485	17,249	10,478	12,328
Interest Expense	-3,233	-3,858	-4,537	-2,909	-1,464
Interest & Investment Income	-	699.83	765.31	298.38	226.1
Earnings From Equity Investments	-94.71	-37.07	53.15	-334.38	-330.2
Currency Exchange Gain (Loss)	-	-191.74	-81.46	-89.17	349.33
Other Non Operating Income (Expenses)	1,987	-428.75	296.25	-264.22	226.36
EBT Excluding Unusual Items	18,216	14,669	13,746	7,180	11,336
Merger & Restructuring Charges	-	-	-20.97	-457.91	-846.09
Impairment of Goodwill	-	-336.42	-	-	-86.77
Gain (Loss) on Sale of Investments	-	1,415	646.46	1,433	903.83
Gain (Loss) on Sale of Assets	-	-14.87	-35.67	17.03	223.46
Asset Writedown	-	-1,081	-	-	-
Other Unusual Items	-1,544	-94.04	54.42	98.1	2,275
Pretax Income	16,672	14,558	14,390	8,269	13,805
Income Tax Expense	5,778	5,426	5,288	3,186	3,035
Earnings From Continuing Operations	10,894	9,133	9,102	5,084	10,771
Net Income to Company	10,894	9,133	9,102	5,084	10,771
Minority Interest in Earnings	-97.37	278.78	409.69	199.77	46.95
Net Income	10,797	9,412	9,511	5,284	10,818
Net Income to Common	10,797	9,412	9,511	5,284	10,818
Net Income Growth	14.72%	-1.05%	80.01%	-51.16%	-
Shares Outstanding (Basic)	478	469	466	466	466
Shares Outstanding (Diluted)	478	469	466	466	466
Shares Change (YoY)	1.85%	0.83%	-	-	-
EPS (Basic)	22.58	20.05	20.43	11.35	23.23
EPS (Diluted)	22.58	20.05	20.43	11.35	23.23
EPS Growth	12.63%	-1.86%	80.01%	-51.15%	-
Free Cash Flow	3,461	3,459	1,404	2,983	-5,625
Free Cash Flow Per Share	7.24	7.37	3.02	6.41	-12.08
Dividend Per Share	8.500	8.500	9.000	7.000	7.000
Dividend Growth	-	-5.56%	28.57%	-	250.00%
Gross Margin	54.85%	54.93%	51.25%	52.27%	57.96%
Operating Margin	11.63%	12.22%	11.00%	8.12%	11.78%
Profit Margin	6.42%	6.22%	6.07%	4.09%	10.34%
Free Cash Flow Margin	2.06%	2.29%	0.90%	2.31%	-5.38%
EBITDA	29,267	26,457	24,997	17,287	19,005
EBITDA Margin	17.41%	17.50%	15.94%	13.39%	18.17%
D&A For EBITDA	9,709	7,972	7,748	6,809	6,677
EBIT	19,557	18,485	17,249	10,478	12,328
EBIT Margin	11.63%	12.22%	11.00%	8.12%	11.78%
Effective Tax Rate	34.66%	37.27%	36.75%	38.52%	21.98%
Revenue as Reported	170,103	153,366	159,095	130,831	106,570

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