Bharat Forge Q2 results: net profit falls 7.8% to Rs 275.87 crore

Bharat Forge said in a filing with the National Stock Exchange that its consolidated net profit for the September 2026 quarter was Rs 275.87 crore, down 7.8% from Rs 299.20 crore a year earlier. Revenue from operations rose 20.8% to Rs 4,869.97 crore. The results are unaudited and were approved by the board on 5 November 2026.

What Happened

The company's filing with the National Stock Exchange gives consolidated figures, which include its subsidiaries, for the quarter ended 30 September 2026 (the second quarter of FY27). The figures are unaudited and come with a limited review report from its statutory auditors, BSR & Co. LLP.

Revenue from operations was Rs 4,869.97 crore. That is 20.8% higher than Rs 4,031.93 crore in the same quarter a year earlier and 5.0% higher than Rs 4,639.94 crore in the previous quarter.

Net profit attributable to the owners of the company was Rs 275.87 crore. That is 7.8% lower than Rs 299.20 crore a year earlier. In the previous quarter the company reported a loss of Rs 89.73 crore attributable to its owners, so profit has moved from a loss to a profit quarter on quarter. Basic earnings per share were Rs 5.77, against Rs 6.26 a year earlier and a loss of Rs 1.88 per share in the previous quarter.

The filing records an exceptional loss of Rs 24.57 crore in the quarter. An exceptional item is a one-off cost that a company reports separately from its normal operations. The filing's notes say that one of its German subsidiaries, Bharat Forge CDP GmbH, "is facing market challenges and associated cost disadvantages", and that the company has begun restructuring it. The Rs 24.57 crore is incidental expenses for that restructuring. The previous quarter carried an exceptional loss of Rs 358.01 crore.

For the half year ended 30 September 2026, consolidated revenue from operations was Rs 9,509.91 crore. Net profit attributable to owners was Rs 186.14 crore, against Rs 582.88 crore in the first half of the previous year.

What It Means

For shareholders and others who follow the company, the filing shows two things side by side: sales that grew by about a fifth over the year, and profit that fell over the same period. The filing ties part of the gap to the exceptional costs of restructuring its German subsidiary, which it reports separately from its regular business.

Quarter-on-quarter, the company is back in profit after a loss in the three months to 30 June 2026. The half-year profit attributable to owners is still lower than the same period last year.

These are the company's own unaudited figures as filed with the National Stock Exchange. The full statements, including the standalone results and the notes, are in the filing linked with this story.

Oquilia Data: Bharat Forge Ltd. (NSE: BHARATFORG)

Closes adjusted for splits and bonuses; returns exclude dividends. Facts from NSE's files, not investment advice.

Full record: Bharat Forge share price on Oquilia

Source: Company filing on NSE