Bharat Forge Limited (NSE:BHARATFORG)

Bharat Forge Income Statement

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

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue	175,428	168,117	151,228	156,821	129,103	104,611
Revenue Growth	17.54%	11.17%	-3.57%	21.47%	23.41%	65.10%
Cost of Revenue	81,994	78,270	68,152	76,457	61,624	43,979
Gross Profit	93,435	89,847	83,076	80,364	67,478	60,632
Selling, General & Admin	22,102	21,303	18,983	18,772	15,844	15,059
Other Operating Expenses	41,785	39,361	36,872	35,861	33,801	26,029
Operating Expenses	73,968	70,374	64,591	63,115	57,001	48,304
Operating Income	19,467	19,473	18,485	17,249	10,478	12,328
Interest Expense	-3,076	-3,001	-3,844	-4,581	-2,909	-1,464
Interest & Investment Income	642.46	642.46	699.83	765.31	298.38	226.1
Earnings From Equity Investments	-174.15	-94.71	-37.07	53.15	-334.38	-330.2
Currency Exchange Gain (Loss)	146.53	146.53	-206.46	-37.34	-89.17	349.33
Other Non Operating Income (Expenses)	844.59	769.37	986.57	942.71	-264.22	226.36
EBT Excluding Unusual Items	17,851	17,936	16,084	14,392	7,180	11,336
Merger & Restructuring Charges	-582.29	-582.29	-	-20.97	-457.91	-846.09
Impairment of Goodwill	-	-	-336.42	-	-	-86.77
Gain (Loss) on Sale of Investments	-	-	-	-	1,433	903.83
Gain (Loss) on Sale of Assets	185.34	185.34	-14.87	-35.67	17.03	223.46
Asset Writedown	-404.99	-404.99	-1,081	-	-	-
Other Unusual Items	-4,042	-462.33	-94.04	54.42	98.1	2,275
Pretax Income	13,006	16,672	14,558	14,390	8,269	13,805
Income Tax Expense	5,850	5,778	5,426	5,288	3,186	3,035
Earnings From Continuing Operations	7,156	10,894	9,133	9,102	5,084	10,771
Net Income to Company	7,156	10,894	9,133	9,102	5,084	10,771
Minority Interest in Earnings	-93.89	-97.37	278.78	409.69	199.77	46.95
Net Income	7,063	10,797	9,412	9,511	5,284	10,818
Net Income to Common	7,063	10,797	9,412	9,511	5,284	10,818
Net Income Growth	-30.90%	14.72%	-1.05%	80.01%	-51.16%	-
Shares Outstanding (Basic)	478	478	469	466	466	466
Shares Outstanding (Diluted)	478	478	469	466	466	466
Shares Change	1.07%	1.84%	0.83%	-	-	-
EPS (Basic)	14.78	22.58	20.05	20.43	11.35	23.23
EPS (Diluted)	14.78	22.58	20.05	20.43	11.35	23.23
EPS Growth	-31.64%	12.63%	-1.86%	80.01%	-51.15%	-

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
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	-	0%	-5.56%	28.57%	0%	250.00%
Gross Margin	53.26%	53.44%	54.93%	51.25%	52.27%	57.96%
Operating Margin	11.10%	11.58%	12.22%	11.00%	8.12%	11.78%
Profit Margin	4.03%	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	28,474	28,273	26,457	24,997	17,287	19,005
EBITDA Margin	16.23%	16.82%	17.50%	15.94%	13.39%	18.17%
D&A For EBITDA	9,007	8,800	7,972	7,748	6,809	6,677
EBIT	19,467	19,473	18,485	17,249	10,478	12,328
EBIT Margin	11.10%	11.58%	12.22%	11.00%	8.12%	11.78%
Effective Tax Rate	44.98%	34.66%	37.27%	36.75%	38.52%	21.98%
Revenue as Reported	177,491	170,103	153,366	159,095	130,831	106,570

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 11, 2026

Data Sources Report a data error