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Informist, Thursday, Feb. 12, 2026

 

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--Bharat Forge Q3 consol net profit INR 2.64 bln vs INR 2.13 bln year ago 
--Analysts saw Bharat Forge Oct-Dec consol net profit INR 3.4 bln 
--Bharat Forge Oct-Dec consol revenue INR 43.43 bln vs INR 34.76 bln yr ago 
--Analysts saw Bharat Forge Oct-Dec consol revenue INR 40.82 bln 
--Bharat Forge Oct-Dec labour code implementation cost INR 557.15 mln 
--Bharat Forge Q3 profit excluding labour code impact INR 3.20 bln 
--Bharat Forge Apr-Dec consol PAT INR 8.47 bln vs INR 6.59 bln yr ago 
--Bharat Forge Apr-Dec consol revenue INR 122.84 bln vs INR 112.70 bln yr ago 
--Bharat Forge Q3 consol operating margin 17.18% vs 17.92% yr ago 
--Bharat Forge Q3 consol net profit margin 6.28% vs 6.12% yr ago 
--Bharat Forge Oct-Dec consol EBITDA INR 7.50 bln vs INR 6.38 bln yr ago 
--Bharat Forge Oct-Dec consol EBITDA margin 17.3% vs 18.3% year ago 
--Bharat Forge Q3 consol domestic sales INR 30.45 bln vs INR 23.77 bln yr ago 
--Bharat Forge Q3 consol export revenue INR 12.91 bln vs INR 10.98 bln yr ago 
--Bharat Forge to pay INR 2 per share interim dividend 
--Bharat Forge interim dividend record date is Feb 18

 

By Prateem Rohanekar

 

MUMBAI – Bharat Forge Ltd. missed analysts' estimate for its December quarter consolidated net profit owing to rising expenses despite a healthy rise in revenue. The company's consolidated revenue for the quarter was much higher than the Street's estimate. The revenue from operations was also the highest in 10 quarters. However, the year-on-year growth in the company's total expenses was also higher than in the previous nine quarters.

 

The company's consolidated net profit for the December quarter was INR 2.64 billion, up 24% on year. Analysts had estimated the company's bottom line at INR 3.4 billion. The consolidated revenue for the quarter was INR 43.43 billion, up nearly 25% on year. Analysts had estimated the company's top line at INR 40.82 billion.

 

Bharat Forge's total expenses for the reporting quarter were INR 39.19 billion, up nearly 24% on year. The cost of materials consumed and other expenses were the largest contributors to the total expenses. The company's cost of materials consumed was INR 18.42 billion, up 28% on year. This accounted for 47% of the company's total expenses. Other expenses were INR 10.84 billion, up nearly 15% on year. They accounted for nearly 28% of the company's total expenses.

 

Bharat Forge's consolidated net profit for the nine-month period ended Dec. 31 was INR 8.47 billion, up 29% on year. Its revenue for the period was INR 122.84 billion, up 9% on year.

 

The company's consolidated operating margin for the December quarter was 17.18%, down 74 basis points on year. The net profit margin improved to 6.28%, up 16 bps from the same period a year ago.

 

The company's earnings before interest, tax, depreciation, and amortisation for the reporting quarter were INR 7.50 billion, up 18% on year. Its EBITDA margin for the quarter was 17.3%, down 100 bps on year.

 

A major chunk of Bharat Forge's revenue came from its domestic sales. The company's consolidated domestic sales for the December quarter were INR 30.45 billion, up 28% on year. Its export revenue for the quarter was INR 12.91 billion, up nearly 18% on year.

 

The company declared an interim dividend of INR 2 per share, with Feb. 18 as the record date. The company detailed its financial results during market hours. Its shares closed 3% higher at INR 1,726.70 on the National Stock Exchange.  End