Bharat Forge Ltd

Bharat Forge Ltd gained for a fifth straight session today. The stock is quoting at Rs 1760.6, up 1.96% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.86% on the day, quoting at 25584. The Sensex is at 82991.58, down 0.82%. Bharat Forge Ltd has gained around 21.66% in last one month. Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has gained around 2.67% in last one month and is currently quoting at 28504.05, down 0.14% on the day. The volume in the stock stood at 34.56 lakh shares today, compared to the daily average of 13.78 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 1767.9, up 1.96% on the day. Bharat Forge Ltd is up 63.27% in last one year as compared to a 11.58% jump in NIFTY and a 28.97% jump in the Nifty Auto index.The PE of the stock is 60.86 based on TTM earnings ending September 25.Powered by Capital Market - Live

Revenue from operations soared 24.96% YoY to Rs 4,342.93 crore in the quarter ended 31 December 2025. Profit before exceptional items and tax stood at Rs 462.93 crore in Q3 FY26, compared with Rs 347 crore in Q3 FY25. The company reported an exceptional loss of Rs 55.72 crore during the quarter, primarily on account of the impact of newly notified labour codes, resulting in higher gratuity and leave liabilities. Total expenses rose 23.79% YoY to Rs 3,918.51 crore in Q3 FY26. The cost of material consumed stood at Rs 1,841.79 crore (up 28.02% YoY), finance cost was at Rs 76.64 crore (down 20.13% YoY), and employee benefits expenses stood at Rs 534.56 crore (up 22.56% YoY) during the period under review. Segment-wise, revenue from forgings rose 10.01% to Rs 3,367.09 crore, while the defence segment saw a sharp 102.36% surge to Rs 681.99 crore. The Other segment revenue surged 158.84% to Rs 570.06 crore. The operating margin rose to 17.18% in Q3 FY26, down from 17.92% a year ago, while the net profit margin increased to 6.28% from 6.12%. B.N. Kalyani, chairman & managing director of Bharat Forge, said, 'The quarterly performance continued to be impacted by the de-stocking in the North American CV market. Standalone revenues were up 7.0% sequentially to Rs 2,084 crores, and EBITDA at Rs 569 crore was up 4.6% QoQ, translating to an EBITDA margin of 27.3%. The performance was aided by the strong growth in the domestic automotive business and execution of the defense order book. Export revenues witnessed a 3% sequential decline, with the auto sector down 13% and industrials showing an 11% increase. In Q3, the company secured new orders worth Rs 2,388 crores, including Rs 1,878 crores in Defence. As of Dec 31st, 2025, the defence order book stood at Rs 11,130 crores. We signed the CQB Carbine contract with the Ministry of Defence for the supply of more than 250,000 units to the Indian armed forces. This order unlocks significant growth opportunities for our small arms vertical within the defence business. In the quarter gone by, JS Autocast (JSA) recorded revenue of Rs 203 Crore and EBITDA of Rs 32 Crore (15.7% EBITDA margin), representing a 22% and 39% YoY jump, respectively. K-Drive Mobility, a supplier of axle assembly across segments, witnessed a muted topline but a sharp jump in their profitability, with EBITDA margins moving up from 3.1% in Q2 FY26 to 5.1% in this quarter. We expect the margin profile to continue to improve over a 3-year time frame. The US & European operations reported modest operating profits despite seasonal weakness in the PV market. Review of the European steel manufacturing footprint is on track, and we expect to have concrete measures in place by the end of this fiscal year. 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 export markets looking strong across sectors and the commencement of ATAGS execution in H2 FY27, we expect high double-digit top-line growth and a commensurate impact on profitability.' Meanwhile, the board declared an interim dividend of Rs 2 per equity share (face value Rs 2 each). The dividend will be paid on or before 12 March 2026 to shareholders on record as of 18 February 2026. The board also approved the reappointment of B. P. Kalyani and S. E. Tandale as whole-time directors, designated as executive directors, for a further term of five years from 23 May 2026 to 22 May 2031, subject to shareholders' approval by way of postal ballot. In addition, the board approved the merger of Ferrovia Transrail Solutions (FTSPL), a step-down wholly owned subsidiary, with BF Infrastructure (BFIL), a wholly owned subsidiary and the holding company of FTSPL. Bharat Forge manufactures an extensive array of critical and safety components for several sectors, including automobiles (across commercial & passenger vehicles), oil & gas, aerospace, locomotives, marine, energy (across renewable and non-renewable sources), construction, mining, and general engineering. Shares of Bharat Forge rose 3.33% to close at Rs 1,732.55 on the BSE. Powered by Capital Market - Live

Net profit of Bharat Forge rose 24.18% to Rs 264.21 crore in the quarter ended December 2025 as against Rs 212.76 crore during the previous quarter ended December 2024. Sales rose 24.96% to Rs 4342.93 crore in the quarter ended December 2025 as against Rs 3475.55 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales4342.933475.55 25 OPM %17.1817.92 - PBDT711.78565.25 26 PBT462.94347.00 33 NP264.21212.76 24 Powered by Capital Market - Live

Bharat Forge announced that the Board of Directors of the Company at its meeting held on 12 February 2026, inter alia, have recommended the interim dividend of Rs 2 per equity Share (i.e. 100%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Bharat Forge Ltd is up for a third straight session today. The stock is quoting at Rs 1638, up 1.49% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.07% on the day, quoting at 25916. The Sensex is at 84177.45, down 0.11%. Bharat Forge Ltd has gained around 12.45% in last one month. Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has gained around 1.9% in last one month and is currently quoting at 28173.2, up 1.32% on the day. The volume in the stock stood at 6.75 lakh shares today, compared to the daily average of 10.75 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 1656, up 2.39% on the day. Bharat Forge Ltd is up 48.28% in last one year as compared to a 12.46% jump in NIFTY and a 27.39% jump in the Nifty Auto index.The PE of the stock is 56.72 based on TTM earnings ending September 25.Powered by Capital Market - Live

Bharat Forge will hold a meeting of the Board of Directors of the Company on 12 February 2026.Powered by Capital Market - Live

Bharat Forge Ltd is up for a third straight session today. The stock is quoting at Rs 1574.1, up 2.28% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.02% on the day, quoting at 25723.35. The Sensex is at 83606.72, down 0.16%. Bharat Forge Ltd has gained around 6.19% in last one month. Meanwhile, Nifty Auto index of which Bharat Forge Ltd is a constituent, has gained around 3.85% in last one month and is currently quoting at 27500.3, up 1.02% on the day. The volume in the stock stood at 7.83 lakh shares today, compared to the daily average of 10.23 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 1575.6, up 2.07% on the day. Bharat Forge Ltd is up 36.1% in last one year as compared to a 8.55% jump in NIFTY and a 18.13% jump in the Nifty Auto index.The PE of the stock is 54.04 based on TTM earnings ending September 25.Powered by Capital Market - Live

Following the transaction, Premji Invest will hold a 23% stake in JSA on a fully diluted basis. The funds will be used to accelerate JSA's growth by expanding casting capacity, investing in medium-casting capabilities and pursuing industry consolidation through acquisitions. JSA is a key supplier of critical ferrous castings for industrial and automotive applications. Commenting on this partnership, Amit Kalyani, vice chairman & joint managing director, Bharat Forge said, 'Since 2022 when we acquired JSA, the company has delivered excellent financial performance with topline, exports and profitability growing at a CAGR of 17%, 24% and 25% respectively, while enhancing its product mix and customer base. We are delighted to partner with Premji Invest (PI), a renowned and highly respected investor, in the next phase of JSA's growth journey.' Manoj Jaiswal, Partner, Premji Invest, who leads the firm's Industrials and Buyout investmentssaid, 'We are excited to partner with Bharat Forge, a premier engineering and manufacturing conglomerate in the country. Collaborating with leading conglomerates on their growth and consolidation journey is one of our strategic pillars. Through our investment in JSA, we look forward to jointly building a leading ferrous casting platform in the country.' Bharat Forge manufactures an extensive array of critical and safety components for several sectors, including automobiles (across commercial & passenger vehicles), oil & gas, aerospace, locomotives, marine, energy (across renewable and non-renewable sources), construction, mining, and general engineering. The company's consolidated net profit rallied 23% to Rs 299.27 crore in Q2 FY26 as against Rs 243.29 crore posted in Q2 FY25. Revenue from operations soared 9.31% YoY to Rs 4,031.92 crore in the quarter ended 30 September 2025. Powered by Capital Market - Live

Bharat Forge, BF Industrial Solutions (BFISL), a wholly owned subsidiary of the Company and J S Auto Cast Foundry India (JS Auto), a step-down wholly owned subsidiary of the Company, have entered into Securities Subscription Agreement (SSA) and Shareholders Agreement (SHA) (Definitive Transaction Agreements) with PI Opportunities Fund I Scheme II (Investor) on 02 February 2026. Under the terms of the Definitive Transaction Agreements, Investor has agreed to subscribe to, and JS Auto has agreed to offer, issue, and allot equity shares and compulsorily convertible preference shares (CCPS), subject to the terms and conditions mentioned therein (proposed transaction) resulting in the Investor acquiring 23% stake in JS Auto on a fully diluted basis for a consideration of Rs 300 crore to be received by JS Auto. PI Opportunities Fund I Scheme II (an Alternative Investment Fund (AIF) managed by PI Investment Advisory LLP) is an affiliate of Premji Invest Group, making substantial investments in growing Indian companies, with a focus on technology, finance, and consumer sectors, funding the Azim Premji Foundation. Powered by Capital Market - Live

Bharat Forge has made an investment in Bharat Forge Global Holding GmbH (BFGH), a wholly owned subsidiary by way of contribution to capital reserve amounting to Rs. 110.04 crore ( ' 10 million). BFGH is a holding company having investments in manufacturing subsidiaries in Germany, Sweden and France. The investment will be completed by 31 January 2026. Powered by Capital Market - Live