Revenue for the company declined by 7% from the same quarter last year to ₹2,163 crore. A CNBC-TV18 poll was expecting a 4% revenue drop to ₹2,238 crore.
Net profit, which was also supposed to decline 4% from last year to ₹383 crore, declined more than expected. A 11.2% drop in the company’s bottomline took the figure down to ₹345 crore.
Bharat Forge’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) fell 6.5% from the same quarter a year earlier to ₹616.5 crore, while a CNBC-TV18 poll was working with a ₹659 crore figure.
EBITDA margins for the quarter saw a 20 basis points expansion from last year to 28.5%, which was lower than the CNBC-TV18 estimate of 29%.
For the quarter, Bharat Forge’s defence business revenue halved from last year. The company won new orders worth ₹4,343 crore, including orders worth ₹3,417 crore towards the ATAGS order.
At the end of the March quarter, Bharat Forge’s defence order book stood at ₹9,420 crore. New orders worth ₹6,959 crore were won in financial year 2025, and the defence business forms 70% of that total.
Bharat Forge has refrained from providing any outlook for the exports business for financial year 2026 and said that the focus will be on improving consolidated profitability.
The company’s board has also approved a dividend of ₹6 per share for its shareholders.
Shares of Bharat Forge are trading 2.2% lower after the results announcement at ₹1,115. The stock had risen 17% over the last one month ahead of the results announcement.
First Published: May 8, 2025 11:24 AM IST
