Bharat Forge's Net Profit Surges 28% to ₹272.8 Crore in Q3

Bharat Forge on Thursday reported a mixed yet resilient performance for the December quarter (Q3), with consolidated revenue and operating profit surpassing estimates, even as margins softened on a year-on-year (YoY) basis. On a consolidated basis, net profit rose 28 per cent year-on-year to ₹272.8 crore, compared to ₹213 crore a year ago.

Revenue increased 25 per cent to ₹4,343 crore from ₹3,476 crore in the corresponding quarter last year, ahead of the poll estimate of ₹4,045 crore.

EBITDA grew 20.3 per cent year-on-year to ₹750.3 crore versus ₹624 crore, higher than the poll estimate of ₹714 crore. However, EBITDA margin narrowed to 17.3 per cent from 18 per cent a year ago and was slightly below the poll estimate of 17.7 per cent.

On a standalone basis, net profit declined 16.8 per cent year-on-year to ₹288 crore from ₹346 crore. Revenue was largely flat at ₹2,084 crore compared with ₹2,096 crore in the year-ago period. EBITDA fell 7.2 per cent to ₹566 crore from ₹609.5 crore, with margin contracting to 27.2 per cent from 29 per cent.

Commenting on the outlook, Baba Kalyani, Chairman & Managing Director, Bharat Forge said in a statement, “Looking ahead into Q4 FY26 and FY27, it is fair to say that the worst is behind us and things are starting to look up. With both domestic and exports markets looking strong across sectors, and the commencement of ATAGS execution in H2 FY27, we expect high double digit top line growth and commensurate impact on profitability.”